Connection-aware P2P trading: Simultaneous trading and peer selection

Cheng Feng, Kedi Zheng, Lanqing Shan, Hani Alers, Qixin Chen, Lampros Stergioulas and Hongye Guo

Applied Energy, 2025, vol. 377, issue PD, No S0306261924020415

Abstract: Peer-to-peer (P2P) trading is seen as a viable solution to handle the growing number of distributed energy resources in distribution networks. However, when dealing with large-scale consumers, there are several challenges that must be addressed. One of these challenges is limited communication capabilities. Additionally, prosumers may have specific preferences when it comes to trading. Both can result in serious asynchrony in peer-to-peer trading, potentially impacting the effectiveness of negotiations and hindering convergence before the market closes. This paper introduces a connection-aware P2P trading algorithm designed for extensive prosumer trading. The algorithm facilitates asynchronous trading while respecting prosumer’s autonomy in trading peer selection, an often overlooked aspect in traditional models. In addition, to optimize the use of limited connection opportunities, a smart trading peer connection selection strategy is developed to guide consumers to communicate strategically to accelerate convergence. A theoretical convergence guarantee is provided for the connection-aware P2P trading algorithm, which further details how smart selection strategies enhance convergence efficiency. Numerical studies are carried out to validate the effectiveness of the connection-aware algorithm and the performance of smart selection strategies in reducing the overall convergence time.

Keywords: P2P energy trading; Distributed energy resource; Trading connection; Self-selection rights; Communication asynchrony (search for similar items in EconPapers)
Date: 2025
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0306261924020415
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:377:y:2025:i:pd:s0306261924020415

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.2024.124658

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 ().