Drivers and Challenges of Peer-to-Peer Energy Trading Development in Thailand

Junlakarn, Siripha; Kokchang, Phimsupha; Audomvongseree, Kulyos

doi:10.3390/en15031229

Cited by 34 publications

(44 citation statements)

References 77 publications

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“…However, the path to widespread adoption of P2P energy trading is fraught with challenges, many of which are political in nature. Studies by Junlakarn et al; Soto et al, illuminate the institutional barriers that stand in the way of seamless implementation [38], [52]. These challenges are not merely technical but are deeply entangled with regulatory frameworks that vary across nations.…”

Section: Review Of P2p Energy Tradingmentioning

confidence: 99%

Peer-to-Peer Trade and the Sharing Economy at Distribution Level: A Review of the Literature

Mohandes,

Bayhan,

Sanfilippo

et al. 2023

IEEE Access

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Peer-to-peer (P2P) energy trading has gained significant importance in recent years due to the growing energy needs worldwide. To ensure the effective and efficient implementation of P2P energy trading, it is necessary to analyze the concept from multiple dimensions. This study aims to investigate the challenges that may hinder the smooth flow of P2P energy trading and identify strategies to overcome them. Technical, cybersecurity, renewable energy integration, economic, pricing mechanisms, and regulatory challenges are among the key obstacles that may curtail the full potential of P2P energy trading. In addition, the full achievement of the P2P energy trading potential requires a global response from stakeholders to ensure widespread acceptance and adoption. Game theory and agent-based modeling can effectively address these challenges and facilitate the successful implementation of P2P energy trading.INDEX TERMS Agent-based modeling, game theory, peer-to-peer energy trading, pricing mechanisms, renewable energy integration, regulatory frameworks.

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Section: Review Of P2p Energy Tradingmentioning

confidence: 99%

Peer-to-Peer Trade and the Sharing Economy at Distribution Level: A Review of the Literature

Mohandes,

Bayhan,

Sanfilippo

et al. 2023

IEEE Access

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“…B is used to calculate the DC-OPF. Note that all scalar elements of the diagonal matrix B ii , i ∈ [1, n] are calculated by the formula in Equation (6).…”

Section: Dc-opf Modelmentioning

confidence: 99%

“…The current tremendous expansion of distributed energy sources and the democratization of electricity generation through conventional and renewable sources such as wind turbines, solar energy, and advances in energy storage capacity [1,2], combined with the advancement of digital communication and control technologies, have enabled the transition from traditional grid systems to what is known as a smart grid, in which traditional consumers have evolved into proactive prosumers that can join a grid branch of the larger distribution network and contribute to energy demand management within the grid they have joined, either with traditional fuel-based energy generators or renewable sources [3,4]. In addition, the integration of blockchain into the smart grid and the functionalities of smart contracts enabled the emergence of peer-to-peer energy trading [5,6], where prosumers can trade their energy generated and injected into the grid in a decentralized manner. It should be noted that the reduction of influence and control by a central authority is paramount in all blockchain-based applications [7].…”

Section: Introductionmentioning

confidence: 99%

Fully Decentralized, Cost-Effective Energy Demand Response Management System with a Smart Contracts-Based Optimal Power Flow Solution for Smart Grids

et al. 2022

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Recent advances in control, communication, and management systems, as well as the widespread use of renewable energy sources in homes, have led to the evolution of traditional power grids into smart grids, where passive consumers have become so-called prosumers that feed energy into the grid. On the other hand, the integration of blockchain into the smart grid has enabled the emergence of decentralized peer-to-peer (P2P) energy trading, where prosumers trade their energy as tokenized assets. Even though this new paradigm benefits both distribution grid operators and end users in many ways. Nevertheless, there is a conflict of interest between the two parties, as on the one hand, prosumers want to maximize their profit, while on the other hand, distribution system operators (DSOs) seek an optimal power flow (OPF) operating point. Due to the complexity of formulating and solving OPF problems in the presence of renewable energy sources, researchers have focused on mathematical modeling and effective solution algorithms for such optimization problems. However, the control of power generation according to a defined OPF solution is still based on centralized control and management units owned by the DSO. In this paper, we propose a novel, fully decentralized architecture for an OPF-based demand response management system that uses smart contracts to force generators to comply without the need for a central authority or hardware.

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“…Responding to a challenge posed by a centralized electricity system, it is reasonable to consider the possibility of local electricity users to be responsible for generating their own electricity or, at least, purchase locally-generated electricity. 24 One possible way forward is to permit local power users to generate electricity for their own consumption or to supply self-generated electricity to their neighbors. However, it must be noted that this permission is pushing the electricity market structure towards a more distributed system.…”

Section: A Distributed Electricity Systemmentioning

confidence: 99%

Roles of the 2007 Energy Industry Act in Supporting Peer-To-Peer Electricity Trading in Thailand: Issues to be Addressed by the 2004 Electricity Law of Vietnam

Eiamchamroonlarp

2022

Vietnamese Journal of Legal Sciences

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This paper analyzes the capability of the electricity licensing systems, together with the third-party access regime in Thailand and Vietnam and compares the two. It specifically studies the Energy Industry Act B.E. 2550 (2007) of Thailand (“Energy Industry Act of Thailand”) and the Electricity Law No. 28/2004/QH11 of Vietnam (“Electricity Law of Vietnam”) in enabling locally generated electricity traded on a peer-to-peer (P2P) basis, as well as the regulation of smart metering services. In summary, it finds that the Energy Industry Act of Thailand and the Electricity Law of Vietnam are functionally comparable. These two laws are both capable of serving as regulatory bases for P2P electricity trading among prosumers and other electricity users. However, to enhance readiness of the electricity regulatory regime for P2P renewable electricity trading among active and passive electricity-using customers, this paper suggests that in the future it would be wise for research be conducted to make clear whether a prosumer can simultaneously be an electricity-generating unit as well as an electricity-using customer. Importantly, it is necessary to answer whether a private power purchase agreement between prosumers and another electricity-using customer can be deemed as the permissible electricity trading forms under Article 20 paragraph 2 of the Electricity Law of Vietnam. In-depth analysis is needed to determine whether the electricity-generating unit’s right to connect, as well as under the Electricity Law of Vietnam can be evolvingly interpreted to include a right to “use” the electricity grids for “transporting” its self-generated renewable electricity. Finally, an important regulatory question to be addressed by the Electricity Law of Vietnam is whether rates and setting of wheeling service and related charges are subject to the regulatory scope of the Electricity Law of Vietnam.

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Drivers and Challenges of Peer-to-Peer Energy Trading Development in Thailand

Cited by 34 publications

References 77 publications

Peer-to-Peer Trade and the Sharing Economy at Distribution Level: A Review of the Literature

Peer-to-Peer Trade and the Sharing Economy at Distribution Level: A Review of the Literature

Fully Decentralized, Cost-Effective Energy Demand Response Management System with a Smart Contracts-Based Optimal Power Flow Solution for Smart Grids

Roles of the 2007 Energy Industry Act in Supporting Peer-To-Peer Electricity Trading in Thailand: Issues to be Addressed by the 2004 Electricity Law of Vietnam

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