The Open UniversitySkip to content

State-Of-The-Art and Prospects for Peer-To-Peer Transaction-Based Energy System

Jogunola, Olamide; Ikpehai, Augustine; Anoh, Kelvin; Adebisi, Bamidele; Hammoudeh, Mohammad; Son, Sung-Yong and Harris, Georgina (2017). State-Of-The-Art and Prospects for Peer-To-Peer Transaction-Based Energy System. Energies, 10(12), article no. 2106.

Full text available as:
PDF (Version of Record) - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader
Download (1MB) | Preview
DOI (Digital Object Identifier) Link:
Google Scholar: Look up in Google Scholar


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: Journal Item
Copyright Holders: 2017 The Authors
ISSN: 1996-1073
Project Funding Details:
Funded Project NameProject IDFunding Body
Peer-to-Peer Energy Trading and Sharing—3M (Multi-times, Multi-scales, Multi-qualities) projectEP/N03466X/1EPSRC (Engineering and Physical Sciences Research Council)
Keywords: proactive prosumer; energy trading; peer-to-peer (P2P) communication; smart micro-grid (SMG); survey; optimization; game theory; multi-agent system (MAS)
Academic Unit/School: Faculty of Science, Technology, Engineering and Mathematics (STEM) > Computing and Communications
Faculty of Science, Technology, Engineering and Mathematics (STEM)
Item ID: 59320
Depositing User: Georgina Harris
Date Deposited: 01 Mar 2019 15:28
Last Modified: 30 Mar 2019 08:05
Share this page:


Altmetrics from Altmetric

Citations from Dimensions

Download history for this item

These details should be considered as only a guide to the number of downloads performed manually. Algorithmic methods have been applied in an attempt to remove automated downloads from the displayed statistics but no guarantee can be made as to the accuracy of the figures.

Actions (login may be required)

Policies | Disclaimer

© The Open University   contact the OU