Emerging Business Models in Local Energy Markets: A Systematic Review of Peer-To-Peer, Community Self-Consumption, and Transactive Energy Models

Schwidtal, Jan Marc; Piccini, Proadpran Boonprasurd; Troncia, Matteo; Chitchyan, Ruzanna; Montakhabi, Mehdi; Francis, Christina; Gorbatcheva, Anna; Capper, Timothy; Mustafa, Mustafa; Andoni, Merlinda; Robu, Valentin; Bahloul, Mohamed A.; Scott, Ian; Mbavarira, Tanaka; Espana, Juan Manuel; Kiesling, Lynne

doi:10.2139/ssrn.4032760

Cited by 12 publications

(7 citation statements)

References 147 publications

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“…As this field is still very much under development, only limited real-world trials have thus far been conducted (Gunarathna et al, 2022). These are complemented by studies based on surveys and interviews which have set out to explore expectations rather than experiences or practices with P2P, CSC, and TE models (Schwidtal et al, 2022).…”

Section: Discussionmentioning

confidence: 99%

Leveraging blockchain for energy transition in urban contexts

Montakhabi,

Madhusudan,

Mustafa

et al. 2023

Big Data & Society

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This article explores the potential of leveraging blockchain technology to facilitate energy transition within urban settings. It explores three innovative market models—peer-to-peer, community self-consumption, and transactive energy—which hold promise for a shift in (local) electricity trading due to decentralized and digital transactional characteristics. Utilizing a scenario building framework, this research scrutinizes these market models, their corresponding trading mechanisms, and the advantages and disadvantages of implementing blockchain technology. The results provide valuable insights into investment necessities, market democratization, service quality and reliability, urban governance, civic engagement and citizenry welfare. Consequently, this study offers a novel conceptualization of market models, laying the groundwork for a systematic understanding of blockchain’s potentiality in ecosystem governance in the context of energy transition.

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Section: Discussionmentioning

confidence: 99%

Leveraging blockchain for energy transition in urban contexts

Montakhabi,

Madhusudan,

Mustafa

et al. 2023

Big Data & Society

Self Cite

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“…The key difference can be found in the reason why they do this. In electricity trading, the main motivation tends to be related to the needs of prosumers [64]. Prosumers may have extra electricity or need electricity to meet their demand.…”

Section: Framing the P2p Csc And Te Market Modelsmentioning

confidence: 99%

“…Therefore, they trade (buy or sell) electricity. In flexibility trading, the main reason tends to be related to the needs of the grid [64]. In other words, prosumers may be absolutely fine with not trading, as it is up to the external price signals to convince them to trade their flexibility (to increase or decrease their demand).…”

Section: Framing the P2p Csc And Te Market Modelsmentioning

confidence: 99%

Valuing the value: An affordances perspective on new models in the electricity market

Montakhabi

Graaf

Mustafa

2023

Energy Research & Social Science

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“…With regard to the forecast of the node apparent powers, the considered key performance indicators are the average percentage power forecast error 𝑒𝑒 𝐸𝐸,𝑟𝑟𝑒𝑒𝑎𝑎,𝑘𝑘 at a node k as well as the average percentage power forecast error 𝑒𝑒 𝐸𝐸,𝑟𝑟𝑒𝑒𝑎𝑎 over all nodes 𝑁𝑁 𝑘𝑘 , which are shown in equation (15) and equation (16). The error per node k is calculated for a number of 𝑁𝑁 𝑡𝑡 timesteps with the measured apparent power value 𝑆𝑆 𝑘𝑘,𝑡𝑡 and the forecasted apparent power value 𝑆𝑆 𝑘𝑘,𝑡𝑡 𝑝𝑝 for each timestep.…”

Section: ) Grid Estimation and Forecastmentioning

confidence: 99%

“…Based on that, various strategies exist to place energy bids or asks at the local market, e.g. maximization of self-consumption, minimizing energy costs, maximizing profit as reviewed in [16].…”

Section: Introductionmentioning

confidence: 99%

Integrating Peer-to-Peer Energy Trading and Flexibility Market With Self-Sovereign Identity for Decentralized Energy Dispatch and Congestion Management

Kilthau,

Asman,

Karmann

et al. 2023

IEEE Access

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Addressing the trends of digitalization, decentralization, democratization, and decarbonization, local peer-to-peer (P2P) markets have the potential to significantly accelerate decarbonization at the communal level. However, due to an increase in the number of energy consumers, such as electric vehicles or heat pumps, grid congestion can occur since actual low-voltage grids are not designed to transmit large loads. This paper introduces a novel concept for a platform to combine the advantages of P2P trading with the need for secure, automated low-voltage grid control, ensuring effective congestion management. Therefore, a dual local energy market has been developed, comprising a P2P energy market and a flexibility market with the latter ensures preventively managing congestion. Furthermore, mechanisms exist to provide curative, real-time congestion management. Additionally, the platform empowers prosumers, i.e. end users that produce and consume electrical energy, with intelligent market strategies to maximize their financial outcomes by participating in both markets. To provide a secure trading mechanism, the novel concept of Self-Sovereign-Identity is integrated into the platform. Tested in a smart grid laboratory at the University of Wuppertal, the platform provides financial gains for prosumers and effectively manages current-and voltagerelated grid congestions.

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Emerging Business Models in Local Energy Markets: A Systematic Review of Peer-To-Peer, Community Self-Consumption, and Transactive Energy Models

Cited by 12 publications

References 147 publications

Leveraging blockchain for energy transition in urban contexts

Leveraging blockchain for energy transition in urban contexts

Valuing the value: An affordances perspective on new models in the electricity market

Integrating Peer-to-Peer Energy Trading and Flexibility Market With Self-Sovereign Identity for Decentralized Energy Dispatch and Congestion Management

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