Peer to peer electricity markets

Roman Le Goff Latimier () and H. Ben Ahmed ()
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Roman Le Goff Latimier: ENS Rennes - École normale supérieure - Rennes, SATIE - Systèmes et Applications des Technologies de l'Information et de l'Energie - ENS Rennes - École normale supérieure - Rennes - CNAM - Conservatoire National des Arts et Métiers [CNAM] - Université Paris-Saclay - CNRS - Centre National de la Recherche Scientifique - ENS Paris Saclay - Ecole Normale Supérieure Paris-Saclay - Université Gustave Eiffel - CY - CY Cergy Paris Université
H. Ben Ahmed: SATIE - Systèmes et Applications des Technologies de l'Information et de l'Energie - ENS Rennes - École normale supérieure - Rennes - CNAM - Conservatoire National des Arts et Métiers [CNAM] - Université Paris-Saclay - CNRS - Centre National de la Recherche Scientifique - ENS Paris Saclay - Ecole Normale Supérieure Paris-Saclay - Université Gustave Eiffel - CY - CY Cergy Paris Université, ENS Rennes - École normale supérieure - Rennes

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Abstract: Driven by the energy transition and the development of distributed energy resources, peer-to-peer markets are the focus of much research. Because of their decentralised structure, they allow scaling up by multiplying the number of agents in a market. Moreover, they permit heterogeneous preferences between peers to introduce behaviours such as local exchanges or an environmentally friendly preference. Despite these attractive features, which make them good candidates for the evolution of power systems, they present several challenges that are still being investigated at present in order to become operationally viable. Supporting many agents is done by exchanging even more messages. Furthermore, integration with power systems requires adapting the interaction with the system operator. The aim is to ensure that the physical limits of the infrastructure are respected and to measure the completed trades. The decentralisation of the energy market also has an impact on the market for capacity reserves to deal with contingencies. Finally, the final challenge is how the enduser will deal with such a change. Despite these various difficulties, several pilot projects highlight the possibilities of these markets for the evolution of power systems.

Keywords: peer to peer market; electricity market; distributed optimisation; grid control (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-ene and nep-reg
Note: View the original document on HAL open archive server: https://hal.science/hal-04268639
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Published in Jorge García. Encyclopedia of Electrical and Electronic Power Engineering, Elsevier, pp.384-401, 2023, 978-0-12-823211-8. ⟨10.1016/B978-0-12-821204-2.00065-9⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04268639

DOI: 10.1016/B978-0-12-821204-2.00065-9

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