A Case Study of Existing Peer-to-Peer Energy Trading Platforms: Calling for Integrated Platform Features

Abstract

The emergence of distributed energy has led to a change in the role of the consumer in the traditional sense over the past decade. The proliferation of emerging generators and distributors has created opportunities for a more decentralised and open energy market. In particular, the emergence of peer-to-peer (P2P) energy trading models, challenged by the surge in demand for sustainable energy, has eliminated the need for intermediaries in energy transactions between consumers, producers, and sellers. Due to the great promise of sustainable energy, both in terms of its contribution to the environment and production costs, this paper reviews a number of well-known P2P energy trading platforms to understand what makes P2P energy trading platforms more functional. As a result, areas for consideration were identified and grouped into five themes: (1) set-up, (2) market, (3) information, (4) price, and (5) regulation.

Empowering Sustainability: Understanding Determinants of Consumer Investment in Microgrid Technology in the UAE

“…Strategic alignment and community awareness are identified as key factors that significantly impact consumers' willingness to invest in microgrid technology [8,18]. This is consistent with previous research that highlights the importance of using standards of sustainability and clear communication to involve local communities [19,20].…”

“…Nevertheless, the lack of a substantial correlation with digitization contradicts the findings in the literature [4], which justifies the need to investigate the specific subtleties in the UAE context. The impact of disaster recovery on the willingness to invest is a subject of interest, as it may correspond with the findings of previous research [18]. Therefore, comprehending the unique socioeconomic and geographical features particular to the UAE might provide valuable insights for designing resilient microgrids.…”

“…For instance, assessments may quantify the reduction in greenhouse gas emissions achieved through the integration of renewable energy sources within microgrids. Studies also explore the life cycle analysis of microgrid components, evaluating their overall environmental footprint [8,18]. These environmental impact assessments contribute to shaping eco-friendly microgrid designs, ensuring that the technology aligns with global sustainability goals.…”

“…A good example is the Brooklyn Microgrid project in Brooklyn, New York, which stands as a community-driven effort to establish a peer-to-peer energy marketplace using Blockchain technology. The initiative faced challenges associated with high initial capital expenditure (CapEx), involving investments in smart meters, Blockchain infrastructure, and grid integration [18]. The solution emerged through collaborative financing models, encouraging community members to collectively invest in the required infrastructure.…”

Motivations behind P2P energy trading: a machine learning approach

“…Previous CC research has paid attention to business models (Zhang, Wu, Long, & Cheng, 2017) as well as motivation analysis (Shan, Li, & Li, 2019); incentivise coordination between vast numbers of DREs, each with different owners and characteristics (Morstyn, Hredzak, & Agelidis, 2016) and the technology frontiers, including trading with blockchain platform and e-coins (Dispenza, Garcia, & Molecke, 2017;Z. Li et al, 2017).…”