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Comparison of Economic Feasibility for Efficient Peer-to-Peer Electricity Trading of PV-Equipped Residential House in Korea

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  • Min Hee Chung

    (School of Architecture and Building Science, Chung-Ang University, Seoul 06974, Korea)

Abstract

Since the sharing economy emerged as a new paradigm with the development of technology, the global sharing economy market has grown rapidly. In the energy sector, peer-to-peer energy trading is being conducted to share energy produced through renewable energy systems. In this study, in the situation where energy transactions among individuals are expected to expand in the future, the types of buildings and trading to secure the economics of energy trading were compared. The types of buildings were limited to residential buildings, and the economic efficiency according to energy performance was compared. Because the government has strengthened energy performance regulations, the performance varied depending on the time of construction. Therefore, building types were divided into existing houses, new houses, and zero-energy houses. The trading types were compared to the existing methods, net-metering and feed-in tariff for small-scale distributed PV systems, with P2P trading. Thus, consuming only the amount of electricity in Tier 1 and trading the rest between individuals was the most economical strategy in residential buildings to which the progressive tariff system was applied. As the performance of a building improves, the more electricity that can be traded, and the wider the range for securing economic feasibility.

Suggested Citation

  • Min Hee Chung, 2020. "Comparison of Economic Feasibility for Efficient Peer-to-Peer Electricity Trading of PV-Equipped Residential House in Korea," Energies, MDPI, vol. 13(14), pages 1-21, July.
    • Handle: RePEc:gam:jeners:v:13:y:2020:i:14:p:3568-:d:383006
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    Cited by:

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    2. Karami, Mahdi & Madlener, Reinhard, 2022. "Business models for peer-to-peer energy trading in Germany based on households’ beliefs and preferences," Applied Energy, Elsevier, vol. 306(PB).
    3. Adam Sulich & Letycja Sołoducho-Pelc, 2022. "Changes in Energy Sector Strategies: A Literature Review," Energies, MDPI, vol. 15(19), pages 1-26, September.
    4. Junhyung Kim & Keon Baek & Eunjung Lee & Jinho Kim, 2023. "Analysis of Net-Metering and Cross-Subsidy Effects in South Korea: Economic Impact across Residential Customer Groups by Electricity Consumption Level," Energies, MDPI, vol. 16(2), pages 1-14, January.
    5. Rozmysław Mieński & Przemysław Urbanek & Irena Wasiak, 2021. "Using Energy Storage Inverters of Prosumer Installations for Voltage Control in Low-Voltage Distribution Networks," Energies, MDPI, vol. 14(4), pages 1-21, February.
    6. Mika Goto & Hiroshi Kitamura & Daishi Sagawa & Taichi Obara & Kenji Tanaka, 2023. "Simulation Analysis of Electricity Demand and Supply in Japanese Communities Focusing on Solar PV, Battery Storage, and Electricity Trading," Energies, MDPI, vol. 16(13), pages 1-24, July.

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