Peer-to-Peer Trading in Electricity Networks: An Overview
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 r...
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| Veröffentlicht in: | IEEE transactions on smart grid 2020-07, Vol.11 (4), p.3185-3200 |
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| container_title | IEEE transactions on smart grid |
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| creator | Tushar, Wayes Saha, Tapan Kumar Yuen, Chau Smith, David Poor, H. Vincent |
| description | 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. |
| doi_str_mv | 10.1109/TSG.2020.2969657 |
| format | Article |
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| subjects | auction theory Australia Blockchain challenges Electricity energy cost Energy management energy market Energy resources future research game theory network loss Peak load Peer-to-peer computing Peer-to-peer trading Physical layer Pricing Social networks State-of-the-art reviews storage Transaction processing virtual layer voltage violation |
| title | Peer-to-Peer Trading in Electricity Networks: An Overview |
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