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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.

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DOI (Digital Object Identifier) Link: https://doi.org/10.3390/en10122106
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Abstract

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
URI: http://oro.open.ac.uk/id/eprint/59320
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