2022
DOI: 10.1049/stg2.12067
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Design choices in peer‐to‐peer energy markets with active network management

Abstract: Due to the growing number of Distributed Energy Resources and new electrical loads at the sectoral contact points, novel organisational forms such as Local Energy Markets arise to deal with increasing complexity in the energy system. However, these markets are radically different from traditional energy markets, as they often allow individual prosumers to trade with each other via a peer-to-peer scheme. To guarantee tamperproof settlement, an increasing number of these markets feature a distributed ledger tech… Show more

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Cited by 8 publications
(7 citation statements)
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“…The sum of each column must be one, representing 100% of each participant's portfolio, as in the equality constraint in Equation (22). A generator may choose to keep a portion of their own revenue (ϕ i ) for themselves, as in the inequality constraint Equation (23).…”
Section: Formulation Of Simultaneous Case Quadratic Programming Problemmentioning
confidence: 99%
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“…The sum of each column must be one, representing 100% of each participant's portfolio, as in the equality constraint in Equation (22). A generator may choose to keep a portion of their own revenue (ϕ i ) for themselves, as in the inequality constraint Equation (23).…”
Section: Formulation Of Simultaneous Case Quadratic Programming Problemmentioning
confidence: 99%
“…This allows for the autonomously chaining together of constituent financial operations as a means to distribute and claim funds. Much like the underlying blockchain technology [20], DEFI has been the subject of much research attention in the world of energy [21] and is proposed as an alternative means of implementing exotic payment methods and market structures [21][22][23]. This paper attempts to chart and articulate what a potential use-case could look like.…”
Section: Introductionmentioning
confidence: 99%
“…Moreover, the distributed functions decrease the computational burden at any single point, enhancing scalability. At the same time, the separation of the two markets ensures lower matching complexity and higher transparency for the participants [55]. Despite an overall loss of computational efficiency compared to variants that take grid restrictions into account directly in dispatch, downstream flexibility markets have been the subject of practical research projects for several years [56] and can nowadays meet the regulatory requirements in terms of unbundling better than integrated variants.…”
Section: Elements Of the Platform Trading Conceptmentioning
confidence: 99%
“…The separation of the flexibility market allowed us to implement the energy market as a double-sided call auction featuring an open order book without the need to account for technical constraints. Double-sided call auction is a trading system where buy and sell orders are collected over a fixed period and then matched at a single price [55]. Compared to continuous auctions that continuously allocate the next matching bid-ask-pair, a call auction can improve the turnover as the market agent optimizes the allocation of bids and asks [55].…”
Section: B P2p Energy Marketmentioning
confidence: 99%
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