Rising awareness and emergence of smart technologies have inspired new thinking in energy system management. Whilst integration of distributed energy resources in micro-grids (MGs) has become the technique of choice for consumers to generate their en...
Given the accelerating global movement towards decarbonization, the importance of promoting renewable energy (RE) adoption and ensuring efficient transactions in energy markets is increasing worldwide. However, renewable energy sources, including pho...
The peer-to-peer (P2P) energy trading is anchored in more efficient usage of electric power by allowing excess electric power from energy prosumers to be harnessed by other end-users. To boost the P2P energy trading, it is of pivotal significance to...
In this paper, a peer-to-peer (P2P) renewable energy trading mechanism for microgrids when energy suppliers are equipped with storage devices is studied. A dynamic energy storage management strategy based on the local trading price is proposed and ea...
Blockchain technology (BCT) enables the automated execution of smart contracts in peer-to-peer (P2P) energy trading. BCT-based P2P platforms allow the sharing, exchange and trade of energy among consumers or prosumers as peers, fostering the decarbon...
Peer-to-peer (P2P) energy trading is gaining attention as a technology to effectively handle already existing distributed energy resources (DER). In order to manage a large number of DER, it is necessary to increase the number of P2P energy trading p...
In the global trend towards decarbonization, peer-to-peer (P2P) energy trading is garnering increasing attention. Furthermore, energy management on the demand side plays a crucial role in decarbonization efforts. The authors have previously developed...
Automatic peer-to-peer energy trading can be defined as a Markov decision process and designed using deep reinforcement learning. We consider prosumer as an entity that consumes and produces electric energy with an energy storage system, and define t...
Current Peer-to-Peer (P2P) energy market models raise serious concerns regarding the confidentiality and integrity of energy consumption, trading and billing data. While Distributed Ledger Technology (DLT) systems (e.g., blockchain) have been propose...
Against the background of the “30 × 60” target, low-carbon policies and technologies have become the new starting point and destination of energy conservation and emission reduction in energy systems. Power-to-Gas (P2G), as a new en...
Peer-to-peer (P2P) energy trading has attracted a lot of attention and the number of electric vehicles (EVs) has increased in the past couple of years. Toward sustainable mobility, EVs meet the standard development goals (SDGs) for attaining a sustai...
We implement a peer-to-peer (P2P) energy trading system between prosumers and consumers using a smart contract on Ethereum blockchain. The smart contract resides on a blockchain shared by participants and hence guarantees exact execution of trade and...
Peer-to-Peer (P2P) energy trading is a new financial mechanism that can be adopted to incentivize the development of distributed energy resources (DERs), by promoting the selling of excess energy to other peers on the network at a negotiated rate. Cu...
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...
Peer-to-peer (P2P) energy trading has emerged as a novel approach to enhancing the coordination and utilization of distributed energy resources (DERs) within modern power distribution networks. This study presents a techno-economic analysis of differ...
This paper addresses the critical challenges of renewable energy integration and regional power balance in smart grids, which have become increasingly complex with the rapid growth of distributed energy resources. It proposes a novel three-layer sche...
The emergence of distributed energy has led to a change in the role of the consumer in the traditional sense over the past decade. The proliferation of emerging generators and distributors has created opportunities for a more decentralised and open e...
With the increase in rooftop photovoltaic (PV) systems at the residential level, customers owning such renewable resources can act as a source of generation for other consumers in the same network. Peer-to-peer (P2P) energy trading refers to a local...
The future distribution network is a community involving numerous active energy agents (AEAs) and a local operator. Each AEA is obligated to meet the renewables portfolio standards (RPS) with enough green certificates (GCs), which can be obtained fro...
This study addresses the optimization of urban integrated energy systems (UIESs) under uncertainty in peer-to-peer (P2P) electricity trading by introducing a two-stage robust optimization strategy. The strategy includes a UIES model with a photovolta...
The decentralization of power generation driven by the rise in the adoption of distributed energy resources paves the way for a new paradigm in grid operations. P2P energy trading is beneficial to the grid as well as the connected peers. A blockchain...
With the rapidly growing energy consumption and the rising number of prosumers, next-generation energy management systems are facing significant impacts by peer-to-peer (P2P) energy trading, which will enable prosumers to sell and purchase energy loc...
As the world strives to decarbonize, the effective use of renewable energy has become an important issue, and P2P power trading is expected to unlock the value of renewable energy and encourage its adoption by enabling power trading based on user nee...
Rooftop solar power generation is becoming more widespread in residential microgrids. As well as new concepts of electricity markets, such as peer-to-peer (P2P) markets, where consumers and prosumers can directly exchange locally generated energy wit...
The future distribution grid is a peer-to-peer (P2P) community formed by a large number of active energy agents (AEAs), and renewable energy certificate (REC) trading is an efficient way to realize a low-carbon AEA community. AEAs can trade not only...
The increasing penetration of distributed energy resources (DERs) into distribution networks has changed the energy trading pattern in traditional electricity markets to some degree, and this will possibly cause network congestion and nodal voltage v...
Over time, distribution systems have begun to include increased distributed energy resources (DERs) due to the advancement of auxiliary power electronics, information and communication technologies (ICT), and cost reductions. Electric vehicles (EVs)...
Smart buildings have a large number of dispatchable resources, both for power production and consumption functions, and the energy consumption of intelligent building clusters has a good complementary and interactive relationship, which can better pr...
With the large-scale development of distributed energy on the demand side, the trend of “supply exceeding demand” has gradually become prominent, and regional peer-to-peer (P2P) energy trading has become an important measure to improve th...
This paper qualitatively evaluates the application of blockchain technology for three energy efficiency use cases. To achieve the Sustainable Development Agenda, energy efficiency improvements have to double by 2030. However, the adoption of energy e...
Rapid decarbonization and decentralization of power systems are driving the integration of renewable generation, energy storage and digital technologies into unified energy ecosystems. In this context, photovoltaic (PV) systems combined with battery...
In the electricity market, prosumers are becoming more and more prevalent due to the fast development of distributed energy resources and demand response management, which also promote the appearance of peer-to-peer (P2P) trading mechanisms for energ...
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 actuali...
The number of electric vehicles (EVs) is increasingly growing day by day and the charging infrastructure for covering this growing number of EVs should be developed. The construction of charging stations is one of the main solutions for supporting EV...
This study proposes a multi-objective optimization framework for peer-to-peer (P2P) energy trading in South Korea’s tiered electricity pricing system. The framework employs the Multi-Objective Evolutionary Algorithm based on Decomposition (MOEA...
Reliable access to electricity is still a challenge in many developing countries. Indeed, rural areas in sub-Saharan Africa and developing countries such as India still encounter frequent power outages. Local energy markets (LEMs) have emerged as a l...
To enhance low-carbon economies within Park Integrated Energy Systems (PIES) while addressing the variability of wind power generation, an innovative optimization scheduling strategy is proposed, incorporating a reward-and-punishment ladder carbon tr...
Shared energy storage (SES) represents a transformative approach to advancing sustainable energy systems through improved resource utilization and renewable energy integration. In order to enhance the economic benefits of energy storage and prosumers...
In Germany, the number of renewable energy prosumers has increased rapidly since 2000. However, the development of prosumers has faced and will continue to face various economic, social, and technological challenges, which have triggered the emergenc...
Against a background of the energy internet and low-carbon electricity, regional integrated energy system (RIES) has become a key way to achieve sustainable energy development, leading to reduced operating costs and system carbon emissions, and impro...
With the shortage of fossil energy and the increasingly serious environmental problems, renewable energy based on wind and solar power generation has been gradually developed. For the problem of wind power uncertainty and the low-carbon economic opti...
To build a multi-energy cloud platform with the distributed generation, energy storage, micro-grid, flexible load, electric vehicle piles for high efficiency application is of great significance. In order to manage the resources for dispatching and t...
Due to global warming and climate change, it is essential to produce power using renewable sources, such as solar, wind, fuel cells, etc. The traditional grid shifts towards the smart grid by infusing digital communication techniques and information...
The Energy Internet (EI) has been proposed as an evolution of the power system in order to improve its efficiency in terms of energy generation, transmission and consumption. It aims to make the use of renewable energy effective. Herein, the energy r...
Today, the pace of development of decentralized transactive management systems has increased significantly due to growing renewable energy source technologies and communication infrastructure at the distribution system level. Such bilateral energy tr...
29 November 2021
Energy communities organise collective and citizen-driven energy actions that will help pave the way for a clean energy transition, while moving citizens to the forefront. The energy market is rapidly transforming and so is the role of the consumer....
Decentralized energy trading has been designed as a scalable substitute for traditional electricity markets. While blockchain technology facilitates efficient transparency and automation for peer-to-peer energy trading, the majority of current propos...
Algorithms for distributed coordination and control are increasingly being used in smart grid applications including peer-to-peer energy trading and sharing to improve reliability and efficiency of the power system. However, for realistic deployment...
This paper presents a new hybrid approach that is suitable for application to energy smart meter gateways, based on combining both blockchain and Secure Element (SE) technologies serving the roles of a secure distributed data storage system and an es...
A low-carbon economic optimization dispatch model of integrated energy system is proposed to improve the low-carbon and economic efficiency of the integrated energy systems. Firstly, the waste heat generator with the organic Rankine cycle is introduc...
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