A pool-based energy market model for microgrids characterized by scheduled blackouts

Sawwas, Ahmad; Chedid, R.

doi:10.1016/j.apenergy.2020.116358

Cited by 8 publications

(2 citation statements)

References 22 publications

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“…As existing P2P market models ( Sawwas and Chedid, 2021 ), in the local electricity market, prosumers can share their electricity with one another. In doing so, each prosumer will first meet its own demand using its renewable electricity resources such as rooftop solar and battery.…”

Section: P2p Market With Retailermentioning

confidence: 99%

Roles of retailers in the peer-to-peer electricity market: A single retailer perspective

et al. 2021

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Summary Despite extensive research in the past five years and several successfully completed and on-going pilot projects, regulators are still reluctant to implement peer-to-peer trading at a large scale in today's electricity market. The reason could partly be attributed to the perceived disadvantage of current market participants such as retailers due to their exclusion from market participation—a fundamental property of decentralized peer-to-peer trading. As a consequence, recently, there has been growing pressure from energy service providers in favor of retailers' participation in peer-to-peer trading. However, the role of retailers in the peer-to-peer market is yet to be established, as no existing study has challenged this fundamental circumspection of decentralized trading. In this context, this perspective takes the first step to discuss the feasibility of retailers' involvement in the peer-to-peer market. In doing so, we identify key characteristics of retail-based and peer-to-peer electricity markets and discuss our viewpoint on how to incorporate a single retailer in a peer-to-peer market without compromising the fundamental decision-making characteristics of both markets. Finally, we give an example of a hypothetical business model to demonstrate how a retailer can be a part of a peer-to-peer market with a promise of collective benefits for the participants.

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Section: P2p Market With Retailermentioning

confidence: 99%

Roles of retailers in the peer-to-peer electricity market: A single retailer perspective

et al. 2021

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“…Like existing P2P market models [Sawwas and Chedid, 2021], in the local electricity market, prosumers can share their electricity with one another. In doing so, each prosumer will first meet its own demand using its renewable electricity resources such as rooftop solar and battery.…”

Section: A Electricity Trading In the Local Marketmentioning

confidence: 99%

Roles of Retailers in the Peer-to-Peer Electricity Market: A Single Retailer Perspective

Tushar¹,

Yuen²,

Saha³

et al. 2021

Preprint

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Despite extensive research in the past five years and several successfully completed and on-going pilot projects, regulators are still reluctant to implement peer-to-peer trading at a large-scale in today's electricity market. The reason could partly be attributed to the perceived disadvantage of current market participants like retailers due to their exclusion from market participation -a fundamental property of decentralised peer-to-peer trading. As a consequence, recently, there has been growing pressure from energy service providers in favour of retailers' participation in peer-to-peer trading. However, the role of retailers in the peer-to-peer market is yet to be established as no existing study has challenged this fundamental circumspection of decentralized trading. In this context, this perspective takes the first step to discuss the feasibility of retailers' involvement in the peer-to-peer market. In doing so, we identify key characteristics of retail-based and peer-to-peer electricity markets and discuss our viewpoint on how to incorporate a single retailer in a peer-to-peer market without compromising the fundamental decision-making characteristics of both markets. Finally, we give an example of a hypothetical business model to demonstrate how a retailer can be a part of a peer-to-peer market with a promise of collective benefits for the participants.

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Real-time out-of-step prediction control to prevent emerging blackouts in power systems: A reinforcement learning approach

2022

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A pool-based energy market model for microgrids characterized by scheduled blackouts

Cited by 8 publications

References 22 publications

Roles of retailers in the peer-to-peer electricity market: A single retailer perspective

Roles of retailers in the peer-to-peer electricity market: A single retailer perspective

Roles of Retailers in the Peer-to-Peer Electricity Market: A Single Retailer Perspective

Real-time out-of-step prediction control to prevent emerging blackouts in power systems: A reinforcement learning approach

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