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Peer-to-peer kilowatt and negawatt trading: A review of challenges and recent advances in distribution networks

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  • Azim, M. Imran
  • Tushar, Wayes
  • Saha, Tapan K.
  • Yuen, Chau
  • Smith, David

Abstract

Peer-to-peer trading is a potential future-generation energy management mechanism that enables prosumers — electricity consumers who can generate and control their energy — to earn monetary gains. However, the physical deployment of this trading technique in distribution networks — to accommodate prosumers — poses some technical challenges. To address these challenges, this paper presents an up-to-date literature review in regard to the reliable application of peer-to-peer kilowatt and negawatt trading in distribution networks. An overview, of trading types; communication systems and issues; market structures and setup; and physical network of peer-to-peer trading, is provided. For a comprehensive review of the impact of peer-to-peer trading on actual distribution networks, firstly, the key elements of such physical networks are discussed. Then, the fundamental challenges identified in existing literature, on peer-to-peer kilowatt and negawatt trading in distribution networks, are introduced. Further, technical approaches undertaken by recent studies to address the identified challenges within peer-to-peer trading, are described extensively. The article is concluded with some directions for future research into peer-to-peer trading in distribution networks.

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  • Azim, M. Imran & Tushar, Wayes & Saha, Tapan K. & Yuen, Chau & Smith, David, 2022. "Peer-to-peer kilowatt and negawatt trading: A review of challenges and recent advances in distribution networks," Renewable and Sustainable Energy Reviews, Elsevier, vol. 169(C).
    • Handle: RePEc:eee:rensus:v:169:y:2022:i:c:s1364032122007894
    DOI: 10.1016/j.rser.2022.112908
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    3. 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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