A decentralized P2P control scheme for trading accurate energy fragments in the power grid

García, D.A. López; Torreglosa, Juan P.; Vera, David

doi:10.1016/j.ijepes.2019.03.013

Cited by 19 publications

(5 citation statements)

References 30 publications

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“…Most of the countries are still embarking on pilots and getting a hold on the potential challenges while evaluating the technocommercial impact to ensure successful implementation and roll out at a larger scale. Several researchers worldwide have classified P2P energy trading into various categories [10,41,42]. Among these, the similarities in the categories are market design, trading platform mechanism, physical and information and communications technology (ICT) infrastructure, and policy.…”

Section: Challenges and Issues Of P2p Energy Trading Implementationmentioning

confidence: 99%

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Developing Peer-to-Peer (P2P) Energy Trading Model for Malaysia: A Review and Proposed Implementation

et al. 2022

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A decade ago, Malaysia introduced the Renewable Energy Act 2011. This led to the RE proliferation, especially with the adoption of solar photovoltaics as an alternative energy source for prosumers to generate green energy and reduce their energy costs. Since then, the RE policies have evolved with the introduction of feed-in tariff (FiT) and various version of Net Energy Metering (NEM) schemes. Such initiatives may not be holistic enough to benefit all stakeholders; thus, Malaysia introduced its first pilot P2P energy trading in 2019. However, there was no significant progress to the P2P pilot thereafter, with a Go-to-Market plan. As such, this review proposes a model for P2P energy trading for Malaysia based on several key success factors including the market design, trading mechanism, physical and virtual infrastructure, policy and governance and social. Malaysia's electricity market structure is also compared to South Korea, Germany, Thailand, United Kingdom, and Singapore (ranked in the top 20 Ease of Getting Electricity by World Bank in 2019) to understand the implication of P2P energy trading adoption. Apart from that, this paper also highlights the key technical and non-technical reviews of the P2P energy trading implementation.INDEX TERMS Electricity market structure, energy trading, peer-to-peer, trading mechanism.

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Section: Challenges and Issues Of P2p Energy Trading Implementationmentioning

confidence: 99%

“…López-García et al [42] described similarities in P2P energy trading development in a deregulated market, whereby a more decentralized model was adopted. Various efforts have been made by private firms with retailers trying to set up a P2P energy trading platform for pilots.…”

Section: A Market Structure Impact On P2p Implementationmentioning

confidence: 99%

Developing Peer-to-Peer (P2P) Energy Trading Model for Malaysia: A Review and Proposed Implementation

et al. 2022

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“…Thus, the pricing optimizations for energy trading were also reviewed, and their summary is provided in Table 4. Some studies used the optimization approach to prevent energy loss for the suppliers, including power balance and energy management systems [22][23][24]. The others used the profit maximization algorithm (PMA) to increase productivity along For this study, a blockchain-based business model guideline for Thai electrical utility systems, as provided by Leelasantitham [2], was also utilized in the BT double-auction prepaid electricity trading platform [5,21].…”

Section: Introductionmentioning

confidence: 99%

Economic Pricing in Peer-to-Peer Electrical Trading for a Sustainable Electricity Supply Chain Industry in Thailand

Leelasantitham,

Wongsamerchue,

Sukamongkol

2024

Energies

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The state-owned power Electricity Generating Authority of Thailand (EGAT), a monopoly market in charge of producing, distributing, and wholesaling power, is the focal point of Thailand’s electricity market. Although the government has encouraged people to install on-grid solar panels to sell electricity as producers and retail consumers, the price mechanism, i.e., purchasing price and selling prices, is still unilaterally determined by the government. Therefore, we are interested in studying the case where blockchain can be used as a free trading platform. Without involving buying or selling from the government, this research presents a model of fully traded price mechanisms. Based on the study results of the double auction system, data on buying and selling prices of electrical energy in Thailand were used as the initial data for the electricity peer-to-peer free-trading model. Then, information was obtained to analyze the trading price trends by using the law of demand and supply in addition to the principle of the bipartite graph. The price trend results agree well with those of price equilibrium equations. Therefore, we firmly believe that the model we offer can be traded in a closed system of free-trade platforms. In addition, the players in the system can help to determine the price trend that will occur according to various parameters and will cause true fairness in the sustainable electricity supply chain industry in Thailand.

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“…The economic dispatching and trading of smart buildings in a grid-connected community were discussed with respect to the impact of the air temperature [14]. With the growth of CIESs, energy markets have evolved from a hierarchical structure to a more decentralized state [15] - [17]. In [18], a model that enables periodic energy trading among communities was developed considering the future forecasting and its errors: one community could periodically buy/sell energy from/to other communities in the same district.…”

Section: Introductionmentioning

confidence: 99%

Community Integrated Energy System Trading: A Comprehensive Review

Chen

Yang

et al. 2022

Journal of Modern Power Systems and Clean Energy

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Focused on life, consumption, and leisure, communities have been regarded as the basic unit of energy use in a city owing to rapid urbanization, whose energy use density continues to increase. Moreover, community integrated energy systems (CIESs) in the rapid development stage have become embedded, small, and self-sufficient energy ecosystems within cities because of their environmental and economic benefits. CIESs face a competitive energy trading environment that comprises numerous entities and complicated relationships. This paper presents an extensive review of various issues related to CIES trading. First, the concepts, types, and resources of CIESs are described. Second, the trading patterns and strategies of CIESs are reviewed from the four perspectives of the trading objects: community-to-peer (C2P), peer-to-peer (P2P), community-to-community (C2C), and community-to-grid (C2G). Third, a tri-layer trading framework and the features of CIESs that participate in combined multienergy markets are proposed. Last, the key issues in CIES trading are summarized.

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A decentralized P2P control scheme for trading accurate energy fragments in the power grid

Cited by 19 publications

References 30 publications

Developing Peer-to-Peer (P2P) Energy Trading Model for Malaysia: A Review and Proposed Implementation

Developing Peer-to-Peer (P2P) Energy Trading Model for Malaysia: A Review and Proposed Implementation

Economic Pricing in Peer-to-Peer Electrical Trading for a Sustainable Electricity Supply Chain Industry in Thailand

Community Integrated Energy System Trading: A Comprehensive Review

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