The Transformation of Peer-to-Peer Energy Markets Meta-Analysis of State of The Art and Future Trends

Sean Rudd, Larry Stapleton

Research output: Contribution to journalConference articlepeer-review

2 Citations (Scopus)

Abstract

Energy inflation and the need to de-carbonise and address existential climate change pressures, have focussed the attention of the international community upon ways to improve energy consumption and supply dynamics. Significantly improved efficiencies in electricity supply and consumption in both developed and less developed regions is possible through the digital transformation of electricity markets which apply automation and control solutions in new ways. One of the most promising solutions is peer-to-peer (P2P) energy market which enables prosumers, such as microgenerators who use solar PV but who must supplement this with electricity from other sources, to trade their solar-generated excess energy with their peers elsewhere in region. This paper is a global industry and academic survey of the current state of peer-to-peer energy trading projects world-wide, including a meta-analysis of the scholarship as well as project implementations. It draws conclusions as to current trends and future research for IFAC.

Original languageEnglish
Pages (from-to)1-8
Number of pages8
JournalIFAC-PapersOnLine
Volume55
Issue number39
DOIs
Publication statusPublished - 01 Oct 2022
Event21st IFAC Conference on Technology, Culture and International Stability, TECIS 2022 - Kosovo
Duration: 26 Oct 202228 Oct 2022

Keywords

  • Control
  • energy markets
  • Energy Systems
  • New Technologies for the environment
  • peer-to-peer energy trading
  • Sustainable Design

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