Designing a User-Centric P2P Energy Trading Platform: A Case Study—Higashi-Fuji Demonstration

Yasuhiro Takeda, Yoichi Nakai, Tadatoshi Senoo and Kenji Tanaka
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Yasuhiro Takeda: Graduate School of Engineering, The University of Tokyo, 7-3-1 Hongo, Bunkyō, Tokyo 113-8654, Japan
Yoichi Nakai: TRENDE Inc., 1-16-7 Higashikanda, Chiyoda City, Tokyo 101-0031, Japan
Tadatoshi Senoo: TRENDE Inc., 1-16-7 Higashikanda, Chiyoda City, Tokyo 101-0031, Japan
Kenji Tanaka: Graduate School of Engineering, The University of Tokyo, 7-3-1 Hongo, Bunkyō, Tokyo 113-8654, Japan

Energies, 2021, vol. 14, issue 21, 1-14

Abstract: Peer-to-peer (P2P) energy trading is gaining attention as a technology to effectively handle already existing distributed energy resources (DER). In order to manage a large number of DER, it is necessary to increase the number of P2P energy trading participants. For that, designing incentives for participants to engage in P2P energy trading is important. This paper describes a user-centric cooperative mechanism that enhances user participation in P2P energy trading. The key components of this incentive for participants to engage in P2P energy trading are described and evaluated in this study. The goal of the proposal is to make it possible to conduct economic transactions while reflecting the preferences of the traders in the ordering process, making it possible to conduct transactions with minimal effort. As a case study, the Higashi-Fuji demonstration experiment conducted in Japan verified the proposed mechanism. In this experiment, 19 households and 9 plugin hybrid vehicles (PHV) were evaluated. As a result, the study confirmed that prosumers were able to sell their surplus electricity, and consumers were able to preferentially purchase renewable energy when it was available. In addition, those trades were made economically. All trades were made automatically, and this efficiency allowed the users to continue using the P2P energy trading.

Keywords: distributed energy resources (DER); P2P energy trading; cooperative mechanism; renewable energy; multi agent system; blockchain (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
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