TY - JOUR
T1 - Business Model of Peer-to-Peer Energy Trading
T2 - A Review of Literature
AU - Muhsen, Hani
AU - Allahham, Adib
AU - Al-Halhouli, Ala’Aldeen
AU - Al-Mahmodi, Mohammed
AU - Alkhraibat, Asma
AU - Hamdan, Musab
PY - 2022/1/29
Y1 - 2022/1/29
N2 - 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-clear-ing 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 pos-sibility 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.
AB - 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-clear-ing 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 pos-sibility 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.
KW - peer-to-peer (P2P) energy trading
KW - business model
KW - bidding strategies
KW - auctions
KW - game theory
KW - developing countries
UR - http://www.scopus.com/inward/record.url?scp=85123741266&partnerID=8YFLogxK
U2 - 10.3390/su14031616
DO - 10.3390/su14031616
M3 - Review article
AN - SCOPUS:85123741266
SN - 2071-1050
VL - 14
JO - Sustainability (Switzerland)
JF - Sustainability (Switzerland)
IS - 3
M1 - 1616
ER -