Peer-to-peer energy systems for connected communities: A review of recent advances and emerging challenges
Wayes Tushar,
Chau Yuen,
Tapan K. Saha,
Thomas Morstyn,
Archie C. Chapman,
M. Jan E. Alam,
Sarmad Hanif and
H. Vincent Poor
Applied Energy, 2021, vol. 282, issue PA, No S0306261920315464
Abstract:
After a century of relative stability in the electricity industry, extensive deployment of distributed energy resources and recent advances in computation and communication technologies have changed the nature of how we consume, trade, and apply energy. The power system is facing a transition from its traditional hierarchical structure to a more decentralized model by introducing new energy distribution models such as peer-to-peer (P2P) sharing for connected communities. The proven effectiveness of P2P sharing in benefiting both prosumers and the grid has been demonstrated in many studies and pilot projects. However, there is still no extensive implementation of such sharing models in today’s electricity markets. This paper aims to shed some light on this gap through a comprehensive overview of recent advances in the P2P energy system and an insightful discussion of the challenges that need to be addressed in order to establish P2P sharing as a viable energy management option in today’s electricity market. To this end, in this article, we provide some background on different aspects of P2P sharing. Then, we discuss advances in P2P sharing through a systematic domain-based classification. We also review different pilot projects on P2P sharing across the globe. Finally, we identify and discuss a number of challenges that need to be addressed for scaling up P2P sharing in electricity markets followed by concluding remarks at the end of the paper.
Keywords: Peer-to-peer network; Energy sharing; Connected community; Negawatt; Review paper; Electric vehicle; Solar; Storage; Renewable (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (97)
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0306261920315464
Full text for ScienceDirect subscribers only
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:eee:appene:v:282:y:2021:i:pa:s0306261920315464
Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/bibliographic
http://www.elsevier. ... 405891/bibliographic
DOI: 10.1016/j.apenergy.2020.116131
Access Statistics for this article
Applied Energy is currently edited by J. Yan
More articles in Applied Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu (repec@elsevier.com).