Business Model of Peer-to-Peer Energy Trading: A Review of Literature

Peer-to-peer (P2P) energy trading is a promising energy trading mechanism due to the deployment of distributed energy resources in recent years. Trading energy between prosumers and consumers in the local energy market is undergoing massive research and development, paying significant attention to t...

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Bibliographic Details
Published inSustainability Vol. 14; no. 3; p. 1616
Main Authors Muhsen, Hani, Allahham, Adib, Al-Halhouli, Ala’aldeen, Al-Mahmodi, Mohammed, Alkhraibat, Asma, Hamdan, Musab
Format Journal Article
LanguageEnglish
Published Basel MDPI AG 01.02.2022
Subjects
Alternative energy
Business models
Clearing
Consumers
Design
Developing countries
Electricity
Electricity distribution
Energy industry
Energy resources
Energy sources
LDCs
Literature reviews
Peer to peer computing
R&D
Renewable resources
Research & development
Suppliers
Sustainability
Tariffs
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Summary:Peer-to-peer (P2P) energy trading is a promising energy trading mechanism due to the deployment of distributed energy resources in recent years. Trading energy between prosumers and consumers in the local energy market is undergoing massive research and development, paying significant attention to the business model of the energy market. In this paper, an extensive review was conducted on the current research in P2P energy trading to understand the business layer of the energy market concerning business model dimensions: bidding strategies and the market-clearing approach. Different types of game theoretical-based and auction-based market-clearing mechanisms are investigated, including a detailed classification of auctions. This study considers the possibility of employing the P2P technique in developing countries and reviewing existing business models and trading policies. The business layer of the P2P structure plays a vital role in developing an effective trading mechanism based on interactive energy markets.
ISSN:2071-1050
2071-1050
DOI:10.3390/su14031616