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

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

Renewable and Sustainable Energy Reviews, 2022, vol. 169, issue C

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.

Keywords: Peer-to-peer energy trading; Voltage limit; Power loss; Network congestion; Future research direction (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (3)

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DOI: 10.1016/j.rser.2022.112908

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