Business Model of Peer-to-Peer Energy Trading: A Review of Literature

Muhsen, Hani; Allahham, Adib; Al-Halhouli, Ala’aldeen; Al-Mahmodi, Mohammed; Alkhraibat, Asma; Hamdan, Musab

doi:10.3390/su14031616

Cited by 31 publications

(4 citation statements)

References 104 publications

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“…The business model system is mainly composed of these elements, which are positioning, business system, key resource capabilities, profit model, free cash flow structure and enterprise value. Each element promotes each other and can improve the entire business model system [7][8][9].…”

Section: Construction Of Business Model Elements Of "Internet Plus" C...mentioning

confidence: 99%

Research on Business Model Innovation of Chenzhou Intangible Cultural Heritage Industry from the Perspective of Internet Plus

Wen

2023

Frontiers in Artificial Intelligence and Applications

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The Internet has accelerated the rapid development of many emerging technologies and gradually expanded its impact on the cultural industry. The business model of the Internet and intangible cultural heritage related industries should also be developed and innovated. Focusing on Chenzhou City, Hunan Province, this paper explores the inheritance strategy of intangible cultural heritage. In view of the current problems in the business model of intangible cultural heritage industry, it makes a feasibility analysis from both the development trend and the technical environment, and puts forward countermeasures against the problems in the business model of intangible cultural heritage industry from the perspective of “Internet Plus”.

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Section: Construction Of Business Model Elements Of "Internet Plus" C...mentioning

confidence: 99%

Research on Business Model Innovation of Chenzhou Intangible Cultural Heritage Industry from the Perspective of Internet Plus

Wen

2023

Frontiers in Artificial Intelligence and Applications

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“…This is from the system operator's point of view, which can be seen as a controllable load, which has to be optimally coordinated. A large number of studies and initiatives about the use of a blockchain in the energy sector are published [6,[27][28][29][30][31][32][33], and the blockchain is seen as particularly promising in the area of P2P trading and decentralized energy management since, through the blockchain, a large number of self-interested actors can be connected and coordinated. This technology is widely adopted as a market layer, which can be divided into two structures: the P2P market, where traders may conduct direct energy exchange, and the energy community market, where the interest of the group is one of the main goals that each participant would want to reach.…”

Section: State Of the Artmentioning

confidence: 99%

Blockchain-Based Hardware-in-the-Loop Simulation of a Decentralized Controller for Local Energy Communities

et al. 2022

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The development of local energy communities observed in the last years requires the reorganization of energy consumption and production. In these newly considered energy systems, the commercial and technical decision processes should be decentralized in order to reduce their maintenance costs. This will be allowed by the progressive spreading of IoT systems capable of interacting with distributed energy resources, giving local sources the ability to be optimally coordinated in terms of network and energy management. In this context, this paper presents a decentralized controlling architecture that performs a wide spectrum of power system optimization procedures oriented to the local market management. The controller framework is based on a decentralized genetic algorithm. The manuscript describes the structure of the tool and its validation, considering an automated distributed resource scheduling for local energy markets. The simulation platform permits implementing the blockchain-based trading process and the automated distributed resource scheduling. The effectiveness of the tool proposed is discussed with a hardware-in-the-loop case study.

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“…However, [15] claimed that many of them explored BMI design with hypothetical examples, and only a few studies presented empirical evidence of these BMI. These studies have also been primarily focused on analysing the features of specific prosumer-centered BMIs; for instance, their design framework, agorithm, and enabling technologies [16][17][18]. Only a few studies have taken a systematic perspective to understand how these BMIs interact with the various external factors shaping their development, such as regulatory frameworks, technological innovations, customer needs, and infrastructure [19].…”

Section: Introductionmentioning

confidence: 99%

Business Model Innovations for Renewable Energy Prosumer Development in Germany

et al. 2022

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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 emergence of a number of innovative business models (BM). This paper enriches the empirical basis for prosumer-oriented BMs by investigating two BM innovations in Germany (P2P electricity trading and aggregation of small-size prosumers) drawing on business model and socio-technical transition theories. A mix of qualitative data collection methods, including document analysis and semi-structured expert interviews, was applied. We found that while both BMs can potentially address the challenges associated with renewable energy prosumer development in Germany, small-scale prosumers’ participation in both BMs has been limited so far. We identified various internal and external drivers and barriers for scaling up these BMs for prosumer development in Germany. Despite these barriers, both aggregation and centralized P2P targeting prosumers may potentially be also taken up by incumbent market actors such as utilities. Decentralized P2P on the other hand still faces significant internal and external barriers for upscaling. Based on the analysis, the paper provides policy recommendations with respect to the identified drivers and barriers. From a theoretical perspective, our findings provide further evidence to challenge the dichotomous understanding of niche actors and incumbents, the latter of which are often theorized to be resistant to radical innovations.

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Business Model of Peer-to-Peer Energy Trading: A Review of Literature

Cited by 31 publications

References 104 publications

Research on Business Model Innovation of Chenzhou Intangible Cultural Heritage Industry from the Perspective of Internet Plus

Research on Business Model Innovation of Chenzhou Intangible Cultural Heritage Industry from the Perspective of Internet Plus

Blockchain-Based Hardware-in-the-Loop Simulation of a Decentralized Controller for Local Energy Communities

Business Model Innovations for Renewable Energy Prosumer Development in Germany

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