Peer-to-Peer energy trading in a Microgrid

By Chenghua Zhang, Jianzhong Wu, Yue Zhou, Meng Cheng, C. Long. Applied Energy, 2018

839 citations recorded by the source corpus.

Peer-to-Peer (P2P) energy trading represents direct energy trading between peers, where energy from small-scale Distributed Energy Resources (DERs) in dwellings, offices, factories, etc, is traded among local energy prosumers and consumers. A hierarchical system architecture model was proposed to identify and categorize the key elements and technologies involved in P2P energy trading. A P2P energy trading platform was designed and P2P energy trading was simulated using game theory. Test results in a LV grid-connected Microgrid show that P2P energy trading is able to improve the local balance of energy generation and consumption. Moreover, the increased diversity of generation and load profiles of peers is able to further facilitate the balance.

Subfields: Computer Networks and Communications, Control and Systems Engineering, Electrical and Electronic Engineering

View Paper: https://www.semanticscholar.org/paper/358498a564cbc962c7a7d826fbeb2f8c026b0631

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Citations in the corpus

Does ICT trade facilitate renewable energy transition and environmental sustainability? Evidence from Bangladesh, India, Pakistan, Sri Lanka, Nepal and Maldives (2020, background): “On the other hand, Zhang et al. (2018) and Sousa et al. (2019) discussed how ICT applications can be tapped to ensure peer-to-peer energy trading through renewable smart microgrid connectivity.”
Blockchain for Internet of Things: A Survey (2019, background): “renewable energy resources) in addition to consuming energy only [81].”
Local flexibility markets: Literature review on concepts, models and clearing methods (2020, methodology): “Noncooperative game theory-based formulations were presented in [10], [118], [119] to analyze market participants’ behaviors in a P2P market, and the best solution was obtained using Nash equilibrium.”
State-of-the-Art Analysis and Perspectives for Peer-to-Peer Energy Trading (2020, methodology): “Therefore, ICT infrastructure and its impact on P2P energy trading are considered to be an important issue to be studied [20].”
Peer-to-peer and community-based markets: A comprehensive review (2018, background): “ A multi-agent system is implemented in this project to handle the distributed control [56]. A bidding framework, called Elecbay, addresses the P2P trades of prosumers in a microgrid for this project [57]. In 2015 the project EMPOWER 6 started the development of ICT platforms that would execute the ”
A novel decentralized platform for peer-to-peer energy trading market with blockchain technology (2021, background): “While it is common practice to model and simulate P2P markets with small number of players (see [19,22]), other literature that uses larger numbers of players in their simulations present less complex P2P market designs than the one presented here.”
A Motivational Game-Theoretic Approach for Peer-to-Peer Energy Trading in the Smart Grid (2019, background): “Peer-to-peer (P2P) trading [10] has emerged as a new energy management paradigm that allows energy from one prosumer to go to another prosumer without any direct influence of a central controller [11] and is expected to address the limitation of existing techniques.”
User behavior in a real-world peer-to-peer electricity market (2020, background): “Existing literature on P2P energy trading mainly provides concepts [8,17] or simulation-based analyses [26,27] on the technical feasibility of P2P energy.”