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State-of-the-Art Analysis and Perspectives for Peer-to-Peer Energy Trading

Journal

ENGINEERING
Volume 6, Issue 7, Pages 739-753

Publisher

ELSEVIER
DOI: 10.1016/j.eng.2020.06.002

Keywords

Peer-to-peer energy trading; Distributed energy resource; Local electricity market; Blockchain; Energy policy

Funding

  1. Horizon 2020 project P2P-SmarTest
  2. EPSRC Supergen Hub on Energy Networks [EP/S00078X/1]
  3. MISTRAL [EP/N017064/1]
  4. EPSRC [EP/E036503/1, EP/S00078X/1] Funding Source: UKRI

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As a promising solution to address the energy trilemma confronting human society, peer-to-peer (P2P) energy trading has emerged and rapidly developed in recent years. When carrying out P2P energy trading, customers with distributed energy resources (DERs) are able to directly trade and share energy with each other. This paper summarizes and analyzes the global development of P2P energy trading based on a comprehensive review of related academic papers, research projects, and industrial practice. Key aspects in P2P energy trading are identified and discussed, including market design, trading platforms, physical infrastructure and information and communication technology (ICT) infrastructure, social science perspectives, and policy. For each key aspect, existing research and practice are critically reviewed and insights for future development are presented. Comprehensive concluding remarks are provided at the end, summarizing the major findings and perspectives of this paper. P2P energy trading is a growing field with great potential and opportunities for both academia and industry across the world. (C) 2020 THE AUTHORS. Published by Elsevier LTD on behalf of Chinese Academy of Engineering and Higher Education Press Limited Company.

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