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Nowadays decarbonisation of the energy system is one of the main concerns for most governments. Renewable energy technologies, such as rooftop photovoltaic systems and home battery storage systems, are changing the energy system to be more decentralised. As a consequence, new ways of energy business models are emerging, e.g., peer-to-peer energy trading. This new concept provides an online marketplace where direct energy exchange can occur between its participants. The purpose of this study is to conduct a content analysis of the existing literature, ongoing research projects, and companies related to peer-to-peer energy trading. From this review, a summary of the most important aspects and journal papers is assessed, discussed, and classified. It was found that the different energy market types were named in various ways and a proposal for standard language for the several peer-to-peer market types and the different actors involved is suggested. Additionally, by grouping the most important attributes from peer-to-peer energy trading projects, an assessment of the entry barrier and scalability potential is performed by using a characterisation matrix.
Peer-to-peer energy trading and local electricity markets have been widely discussed as new options for the transformation of the energy system from the traditional centralized scheme to the novel decentralized one. Moreover, it has also been proposed as a more favourable alternative for already expiring feed in tariff policies that promote investment in renewable energy sources. Peer-to-peer energy trading is usually defined as the integration of several innovative technologies, that enable both prosumers and consumers to trade electricity, without intermediaries, at a consented price. Furthermore, the techno-economic aspects go hand in hand with the socio-economic aspects, which represent at the end significant barriers that need to be tackled to reach a higher impact on current power systems. Applying a qualitative analysis, two scalable peer-to-peer concepts are presented in this study and the possible participant´s entry probability into such concepts. Results show that consumers with a preference for environmental aspects have in general a higher willingness to participate in peer-to-peer energy trading. Moreover, battery storage systems are a key technology that could elevate the entry probability of prosumers into a peer-to-peer market.