A survey on peer-to-peer energy trading for local communities: Challenges, applications, and enabling technologies

Abstract

Electricity is still a highly demanding resource in developing countries, especifically in rural areas. Local communities in developing countries are now focusing on generating their own electricity using solar and trading the energy which is in access to the supplier. Energy trading at the peer-to-peer level is a novel paradigm. It allows customers to contribute energy to the grid and power generation and supply companies. In this paper, we investigate the energy trading enabling technologies, their applications, challenges, and benefits to the local communities from various aspects. We analyse how blockchain and IoT technologies can help energy trading at the customer level from recent research proposals. We also present our analysis of recent research on the implementation of energy trading technologies and future directions.

A Blockchain Based Energy Management System for Microgrids

“…By utilizing a simulation with a real testbed and implementing smart contracts with Solidity technology, the team has created a secure and transparent platform for energy trading. RESULT To verify the feasibility of the proposed method, a privacy-preserving P2P energy management system for a PV/FC generation microgrid was implemented [12]. It was assumed that PV equipment was added to address the issue of power scarcity.…”

Energy Trading on a Peer-to-Peer Basis between Virtual Power Plants Using Decentralized Finance Instruments

“…Several survey articles can be found in the literature examining all aspects of the blockchain idea in P2P energy trading [8,[25][26][27][28][29][30][31][32][33]. Double auction variants stand out among the many financial approaches that can be categorized in the virtual layer of P2P energy trading designs [32].…”