P2P energy trading via public power networks: Practical challenges, emerging solutions, and the way forward

Zhou, Yue ORCID: https://orcid.org/0000-0002-6698-4714, Wu, Jianzhong ORCID: https://orcid.org/0000-0001-7928-3602 and Gan, Wei 2023. P2P energy trading via public power networks: Practical challenges, emerging solutions, and the way forward. Frontiers in Energy 17 , pp. 189-197. 10.1007/s11708-023-0873-9

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Abstract

Peer-to-peer (P2P) energy trading is an emerging energy supply paradigm where customers with distributed energy resources (DERs) are allowed to directly trade and share electricity with each other. P2P energy trading can facilitate local power and energy balance, thus being a potential way to manage the rapidly increasing number of DERs in net zero transition. It is of great importance to explore P2P energy trading via public power networks, to which most DERs are connected. Despite the extensive research on P2P energy trading, there has been little large-scale commercial deployment in practice across the world. In this paper, the practical challenges of conducting P2P energy trading via public power networks are identified and presented, based on the analysis of a practical Local Virtual Private Networks (LVPNs) case in North Wales, UK. The ongoing efforts and emerging solutions to tackling the challenges are then summarized and critically reviewed. Finally, the way forward for facilitating P2P energy trading via public power networks is proposed.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Engineering
Publisher:	Springer
ISSN:	2095-1701
Date of First Compliant Deposit:	7 June 2023
Date of Acceptance:	22 February 2023
Last Modified:	17 Dec 2024 11:44
URI:	https://orca.cardiff.ac.uk/id/eprint/160177

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