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

Hani Muhsen*, Adib Allahham, Ala’Aldeen Al-Halhouli, Mohammed Al-Mahmodi, Asma Alkhraibat, Musab Hamdan

*Corresponding author for this work

Research output: Contribution to journalReview articlepeer-review

37 Citations (Scopus)

Abstract

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.

Original languageEnglish
Article number1616
Number of pages22
JournalSustainability (Switzerland)
Volume14
Issue number3
DOIs
Publication statusPublished - 29 Jan 2022
Externally publishedYes

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