Abstract
This chapter presents peer-to-peer energy trading as an emerging case study for the sharing economy. Power systems are undergoing a fundamental transition due to the emergence of distribution network prosumers; proactive-consumers with renewable sources and flexible energy resources that actively manage their consumption, production and storage of energy. Peer-to-peer energy trading has been proposed as a new strategy for integrating prosumers into power system operations. The chapter presents an overview of different business models peer-to-peer energy trading can support, and reviews the mathematical frameworks that have been proposed for designing peer-to-peer and other prosumer-centric energy markets. Case studies are presented, showing how a peer-to-peer energy trading platform can create value for prosumers with a mix of PV generation sources, home battery systems and electric vehicles. Networked matching market theory is used to design a peer-to-peer negotiation mechanism through which the prosumers can agree on a set of mutually beneficial energy transactions none of them wish to renegotiate. Local demand constraints can be enforced by including the prosumers’ supplier in the peer-to-peer market.
| Original language | English |
|---|---|
| Title of host publication | Analytics for the sharing economy |
| Subtitle of host publication | Mathematics, engineering and business perspectives |
| Editors | Emanuele Crisostomi, Bissan Ghaddar, Florian Häusler, Joe Naoum-Sawaya, Giovanni Russo, Robert Shorten |
| Publisher | Springer |
| Pages | 279-300 |
| ISBN (Electronic) | 978-3-030-35032-1 |
| ISBN (Print) | 9783030350321 |
| DOIs | |
| Publication status | Published - 12 Mar 2020 |
Keywords / Materials (for Non-textual outputs)
- Collaborative consumption
- Control Theory
- Green Mobility
- Optimization for Shared Systems
- Shared economy models
- Sharing Economy
- Sustainable Energy