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

Hector K. Lopez and Ali Zilouchian

Energy, 2023, vol. 263, issue PA

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.

Keywords: Peer-to-Peer; Energy; Solar; NRG-X-change; Renewables; Photo-voltaic; Micro-grid; Blockchain; Smart metering; Florida; Net metering (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:263:y:2023:i:pa:s0360544222024495

DOI: 10.1016/j.energy.2022.125563

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