User behavior in a real-world peer-to-peer electricity market

Ableitner, Liliane; Tiefenbeck, Verena; Meeuw, Arne; Wörner, Anselma; Fleisch, Elgar; Wortmann, Felix

doi:10.1016/j.apenergy.2020.115061

Cited by 92 publications

(76 citation statements)

References 46 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Even at larger scales (e.g., smart microgrids [93]), the emergence of Peer-to-Peer (P2P) energy markets requires prosumers to have an understanding of the saving potentials and the consequences of their actions, both of which can be conveyed through feedback systems [94][95][96]. One such use case is practically studied in [97], confirming that user feedback was consistently utilized throughout the entire duration of the study (4.5 months) in order to make or defer consumption decisions.…”

Section: Providing User Feedbackmentioning

confidence: 99%

Watt’s up at Home? Smart Meter Data Analytics from a Consumer-Centric Perspective

et al. 2021

View full text Add to dashboard Cite

The key advantage of smart meters over traditional metering devices is their ability to transfer consumption information to remote data processing systems. Besides enabling the automated collection of a customer’s electricity consumption for billing purposes, the data collected by these devices makes the realization of many novel use cases possible. However, the large majority of such services are tailored to improve the power grid’s operation as a whole. For example, forecasts of household energy consumption or photovoltaic production allow for improved power plant generation scheduling. Similarly, the detection of anomalous consumption patterns can indicate electricity theft and serve as a trigger for corresponding investigations. Even though customers can directly influence their electrical energy consumption, the range of use cases to the users’ benefit remains much smaller than those that benefit the grid in general. In this work, we thus review the range of services tailored to the needs of end-customers. By briefly discussing their technological foundations and their potential impact on future developments, we highlight the great potentials of utilizing smart meter data from a user-centric perspective. Several open research challenges in this domain, arising from the shortcomings of state-of-the-art data communication and processing methods, are furthermore given. We expect their investigation to lead to significant advancements in data processing services and ultimately raise the customer experience of operating smart meters.

show abstract

Section: Providing User Feedbackmentioning

confidence: 99%

Watt’s up at Home? Smart Meter Data Analytics from a Consumer-Centric Perspective

et al. 2021

View full text Add to dashboard Cite

show abstract

“…Olympic Peninsula Project [1,2] Closed system; heuristic bidding functions; no brownfield Quartierstrom [10,20] Closed system; fixed supply cost; no automated bidding determination LAMP [21] Closed system; fixed supply cost; no automated bidding determination A comprehensive review of field projects can further be found in [18,22].…”

Section: Project References Limitationsmentioning

confidence: 99%

“…Behboodi et al [7] and Behboodi et al [8] examined inclusion of electric vehicles (EVs) in TS. Sajjadi et al [9], Ableitner et al [10], and Mengelkamp et al [11], among others, analyzed inclusion of photovoltaics (PV). Parandehgheibi et al [12] proposed a transactive controller for electric storage.…”

Section: Introductionmentioning

confidence: 99%

Opening Up Transactive Systems: Introducing TESS and Specification in a Field Deployment

Arlt¹,

Chassin

Kiesling

2021

Energies

View full text Add to dashboard Cite

Transactive energy systems (TS) use automated device bidding to access (residential) demand flexibility and coordinate supply and demand on the distribution system level through market processes. In this work, we present TESS, a modularized platform for the implementation of TS, which enables the deployment of adjusted market mechanisms, economic bidding, and the potential entry of third parties. TESS thereby opens up current integrated closed-system TS, allows for the better adaptation of TS to power systems with high shares of renewable energies, and lays the foundations for a smart grid with a variety of stakeholders. Furthermore, despite positive experiences in various pilot projects, one hurdle in introducing TS is their integration with existing tariff structures and (legal) requirements. In this paper, we therefore describe TESS as we have modified it for a field implementation within the service territory of Holy Cross Energy in Colorado. Importantly, our specification addresses challenges of implementing TS in existing electric retail systems, for instance, the design of bidding strategies when a (non-transactive) tariff system is already in place. We conclude with a general discussion of the challenges associated with “brownfield” implementation of TS, such as incentive problems of baseline approaches or long-term efficiency.

show abstract

“…Limited freedom to choose the rules of the game also characterised the peers involved in Quartierstrom, a P2P electricity trading trial that took place in Walenstadt (Switzerland) with the support of the Swiss Federal Office of Energy in 2019 (Ableitner et al, 2019;Meeuw et al, 2020;Ableitner et al, 2020). This sandbox involved 35 households and two small businesses located in the same neighbourhood, most of which were already endowed with home solar PV and batteries.…”

Section: I1 Peer-to-peer Transactionsmentioning

confidence: 99%

A New World for Electricity Transactions: Peer-to-Peer and Peer-to-X

Glachant

Rossetto

2021

SSRN Journal

View full text Add to dashboard Cite

Peer-to-peer and peer-to-X open a new world of transactions in the electricity sector. This world is characterised by the active involvement of new players, both small in size and nonprofessional in nature, and by new combinations of the activities carried out behind and in front of the meter. Peer-to-peer refers to transactions in which both the seller and the buyer are small in size and non-professional, whereas peer-to-X refers to transactions where only the seller is small and non-professional while the buyer is a different type of actor. Observations from the world of practice reveal the existence of multiple forms of peer-to-peer and peer-to-X transactions. The first part of this contribution illustrates those variants, by providing a sample of concrete implementation cases coming from liberalised electricity systems. The review shows the importance of three components that are essential to the functioning of this new world of transactions and which are discussed in the second part of the contribution. They are: a) the transaction loop, as small players cannot sell or buy from other peers so easily; b) the pricing mechanism, as existing wholesale and retail markets exert pressure on incentives for activating peers; and c) the delivery loop, as peers must deliver via existing grids and system operators, except when trading entirely within private networks.

show abstract

User behavior in a real-world peer-to-peer electricity market

Cited by 92 publications

References 46 publications

Watt’s up at Home? Smart Meter Data Analytics from a Consumer-Centric Perspective

Watt’s up at Home? Smart Meter Data Analytics from a Consumer-Centric Perspective

Opening Up Transactive Systems: Introducing TESS and Specification in a Field Deployment

A New World for Electricity Transactions: Peer-to-Peer and Peer-to-X

Contact Info

Product

Resources

About