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Energies 2017, 10(12), 2106; https://doi.org/10.3390/en10122106

State-Of-The-Art and Prospects for Peer-To-Peer Transaction-Based Energy System

1
School of Engineering, Manchester Metropolitan University, Manchester M1 5GD, UK
2
Department of Electrical Engineering, Gachon University, Seongnam-si 13120, Gyeonggi-do, Korea
*
Author to whom correspondence should be addressed.
Received: 3 November 2017 / Revised: 28 November 2017 / Accepted: 4 December 2017 / Published: 11 December 2017
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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. View Full-Text
Keywords: proactive prosumer; energy trading; peer-to-peer (P2P) communication; smart micro-grid (SMG); survey; optimization; game theory; multi-agent system (MAS) proactive prosumer; energy trading; peer-to-peer (P2P) communication; smart micro-grid (SMG); survey; optimization; game theory; multi-agent system (MAS)
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Jogunola, O.; Ikpehai, A.; Anoh, K.; Adebisi, B.; Hammoudeh, M.; Son, S.-Y.; Harris, G. State-Of-The-Art and Prospects for Peer-To-Peer Transaction-Based Energy System. Energies 2017, 10, 2106.

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