Peer-to-Peer Trading in Electricity Networks: An Overview

By Wayes Tushar, Tapan Kumar Saha, Chau Yuen, David B. Smith, H. Vincent Poor. IEEE Transactions on Smart Grid, 2020

677 citations recorded by the source corpus.

Peer-to-peer trading is a next-generation energy management technique that economically benefits proactive consumers (prosumers) transacting their energy as goods and services. At the same time, peer-to-peer energy trading is also expected to help the grid by reducing peak demand, lowering reserve requirements, and curtailing network loss. However, large-scale deployment of peer-to-peer trading in electricity networks poses a number of challenges in modeling transactions in both the virtual and physical layers of the network. As such, this article provides a comprehensive review of the state-of-the-art in research on peer-to-peer energy trading techniques. By doing so, we provide an overview of the key features of peer-to-peer trading and its benefits of relevance to the grid and prosumers. Then, we systematically classify the existing research in terms of the challenges that the studies address in the virtual and the physical layers. We then further identify and discuss those technical approaches that have been extensively used to address the challenges in peer-to-peer transactions. Finally, the paper is concluded with potential future research directions.

Subfields: Electrical and Electronic Engineering, Information Systems

View Paper: https://www.semanticscholar.org/paper/56623663d6b67c17ee8957a519babb5ff8f21179

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Electrical and Electronic Engineering

  1. Chau Yuen
  2. H. Vincent Poor
  3. Wayes Tushar
  4. Tapan Kumar Saha
  5. Thomas Morstyn
  6. Yuanwei Liu
  7. Zhiguo Ding
  8. Robert Schober

In Information Systems

  1. Chau Yuen
  2. H. Vincent Poor
  3. Wayes Tushar
  4. Thomas Morstyn

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