State-of-the-art and prospects for peer-to-peer transaction-based energy system

Jogunola, O, Ikpehai, A, Anoh, K, Adebisi, B, Hammoudeh, M, Son, S-Y and Harris, GD ORCID: 2017, 'State-of-the-art and prospects for peer-to-peer transaction-based energy system' , Energies, 10 (12) , p. 2106.

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Transaction-based energy (TE) management and control has become an increasingly relevant topic, attracting considerable attention from industry and the research community alike. As a result, new techniques are emerging for its development and actualization. This paper presents a comprehensive review of TE involving peer-to-peer (P2P) energy trading and also covering the concept, enabling technologies, frameworks, active research efforts and the prospects of TE. The formulation of a common approach for TE management modelling is challenging given the diversity of circumstances of prosumers in terms of capacity, profiles and objectives. This has resulted in divergent opinions in the literature. The idea of this paper is therefore to explore these viewpoints and provide some perspectives on this burgeoning topic on P2P TE systems. This study identified that most of the techniques in the literature exclusively formulate energy trade problems as a game, an optimization problem or a variational inequality problem. It was also observed that none of the existing works has considered a unified messaging framework. This is a potential area for further investigation.

Item Type: Article
Schools: Schools > School of Computing, Science and Engineering
Journal or Publication Title: Energies
Publisher: MDPI
ISSN: 1996-1073
Related URLs:
Funders: Engineering and Physical Sciences Research Council (EPSRC)
Depositing User: Dr Georgina Diane Harris
Date Deposited: 14 Oct 2020 11:18
Last Modified: 16 Feb 2022 05:50

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