Peer-to-peer and community-based markets: A comprehensive review

Tiago Sousa, Tiago Soares, Pierre Pinson, Fabio Moret, Thomas Baroche and Etienne Sorin

Renewable and Sustainable Energy Reviews, 2019, vol. 104, issue C, 367-378

Abstract: The advent of more proactive consumers, the so-called “prosumers”, with production and storage capabilities, is empowering the consumers and bringing new opportunities and challenges to the operation of power systems in a market environment. Recently, a novel proposal for the design and operation of electricity markets has emerged: these so-called peer-to-peer (P2P) electricity markets conceptually allow the prosumers to directly share their electrical energy and investment. Such P2P markets rely on a consumer-centric and bottom-up perspective by giving the opportunity to consumers to freely choose the way they buy their electric energy. A community can also be formed by prosumers who want to collaborate, or in terms of operational energy management. This paper contributes with an overview of these new P2P markets that starts with the motivation, challenges, market designs moving to the potential future developments in this field, providing recommendations while considering a test-case.

Keywords: Consumer-centric electricity market; Decentralized and distributed optimization; Energy community; Peer-to-peer energy trading; Prosumers (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (174)

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DOI: 10.1016/j.rser.2019.01.036

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