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State-of-the-art and prospects for peer-to-peer transaction-based energy system

Jogunola, O; Ikpehai, A; Anoh, K; Adebisi, B; Hammoudeh, M; Son, S-Y; Harris, GD

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Authors

O Jogunola

A Ikpehai

K Anoh

B Adebisi

M Hammoudeh

S-Y Son

GD Harris



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.

Citation

Jogunola, O., Ikpehai, A., Anoh, K., Adebisi, B., Hammoudeh, M., Son, S., & Harris, G. (2017). State-of-the-art and prospects for peer-to-peer transaction-based energy system. Energies, 10(12), 2106. https://doi.org/10.3390/en10122106

Journal Article Type Article
Acceptance Date Dec 4, 2017
Publication Date Dec 11, 2017
Deposit Date Oct 14, 2020
Publicly Available Date Oct 14, 2020
Journal Energies
Publisher MDPI
Volume 10
Issue 12
Pages 2106
DOI https://doi.org/10.3390/en10122106
Publisher URL https://doi.org/10.3390/en10122106
Related Public URLs http://www.mdpi.com/journal/energies
Additional Information Funders : Engineering and Physical Sciences Research Council (EPSRC)
Projects : Peer-to-Peer Energy Trading and Sharing—3M (Multi-times, Multi-scales, Multi-qualities)
Grant Number: EP/N03466X/1

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