Peer-to-peer and community-based markets: A comprehensive review

By Tiago M. Sousa, T. Soares, Pierre Pinson, Fabio Moret, Thomas Baroche, Etienne Sorin. Renewable & Sustainable Energy Reviews, 2018

830 citations recorded by the source corpus.

The advent of more proactive consumers, the so-called “prosumers”, with production and storage capabilities, is empowering the consumers and bringing new opportunities and challenges to the operation of power systems in a market environment. Recently, a novel proposal for the design and operation of electricity markets has emerged: these so-called peer-to-peer (P2P) electricity markets conceptually allow the prosumers to directly share their electrical energy and investment. Such P2P markets rely on a consumer-centric and bottom-up perspective by giving the opportunity to consumers to freely choose the way they buy their electric energy. A community can also be formed by prosumers who want to collaborate, or in terms of operational energy management. This paper contributes with an overview of these new P2P markets that starts with the motivation, challenges, market designs moving to the potential future developments in this field, providing recommendations while considering a test-case.

Subfields: Control and Systems Engineering, Electrical and Electronic Engineering, Management Information Systems

View Paper: https://www.semanticscholar.org/paper/5f10ad8d0bcb3511c9d22f8ecdb80253623e1cd9

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In Control and Systems Engineering

In Electrical and Electronic Engineering

In Management Information Systems

H. S. Heese

Citations in the corpus

User behavior in a real-world peer-to-peer electricity market (2020, background): “[25] consider lack of user engagement as one of the main threats to the concept of P2P energy markets.”
A Survey and Evaluation of the Potentials of Distributed Ledger Technology for Peer-to-Peer Transactive Energy Exchanges in Local Energy Markets (2019, neutral): “A comprehensive review on P2P and community-based markets can be found in [47].”
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.”
A novel decentralized platform for peer-to-peer energy trading market with blockchain technology (2021, background): “The future prospects to P2P energy trading are undeniable and requires a thorough investigation, as done by [44].”
Peer-to-Peer Energy Systems for Connected Communities: A Review of Recent Advances and Emerging Challenges (2020, background): “on P2P energy sharing markets, please see [19] and [32].”
Peer-to-Peer Trading in Electricity Networks: An Overview (2020, background): “Extensive overviews of different types of P2P and communitybased market frameworks are described in [17] and [18].”
State-of-the-Art Analysis and Perspectives for Peer-to-Peer Energy Trading (2020, background): “[68] is one example of this type of market design.”
A Motivational Game-Theoretic Approach for Peer-to-Peer Energy Trading in the Smart Grid (2019, background): “A detailed overview of different P2P energy market models can also be found in [32].”