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Peer-to-peer energy trading for photo-voltaic prosumers

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  • Lopez, Hector K.
  • Zilouchian, Ali

Abstract

This paper reviews a peer-to-peer energy market for prosumers of a regulated utility. Utilities pay retail prices to prosumers regardless of demand, forcing utilities to pass the cost of distribution to other consumers. As prosumers grow in numbers, utilities need a better compensation method. A real-time peer-to-peer energy market application may provide higher incentives. Utilities adopt the service because it would allow for compensation of overhead. By including the utility, a micro-grid is not needed for a peer-to-peer market. The prosumer community can be virtual. The proposed implementation can become an intermediary step to decentralized energy markets. The application shall leverage the real-time demand of consumers and adjust payment instantly to prosumers that can meet that demand. A shared cloud account can allow the community to manage the application and create transparency and trust.

Suggested Citation

  • Lopez, Hector K. & Zilouchian, Ali, 2023. "Peer-to-peer energy trading for photo-voltaic prosumers," Energy, Elsevier, vol. 263(PA).
    • Handle: RePEc:eee:energy:v:263:y:2023:i:pa:s0360544222024495
    DOI: 10.1016/j.energy.2022.125563
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    2. Hussain, Sadam & Azim, M. Imran & Lai, Chunyan & Eicker, Ursula, 2023. "New coordination framework for smart home peer-to-peer trading to reduce impact on distribution transformer," Energy, Elsevier, vol. 284(C).

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