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, P.; Troncia, Matteo; Chitchyan, Ruzanna; Montakhabi, Mehdi; Francis, Christina; Gorbatcheva, Anna; Capper, Timothy; Mustafa, Mustafa; Andoni, Merlinda; Robu, Valentin; Bahloul, Mohamed; Scott, Ian; Mbavarira, Tanaka; Espana, Juan Manuel; Kiesling, Lynne

doi:10.1016/j.rser.2023.113273

Cited by 17 publications

(11 citation statements)

References 153 publications

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“…First, the exact keywords "Smart City" and "Smart City dimensions" were searched for English-written documents in the Scopus and ScienceDirect databases. Then, and given the large and non-controllable number of studies found, the revision was limited according to the following three criteria: (i) first, to only peer-reviewed journal articles, following the approach of [36,37] and restricting the focus of interest to high-quality research; (ii) second, to investigations covering at least three of the six SC dimensions since the aim was to provide an integrative and multidimensional perspective; and (iii) third, to manuscripts pertaining to the field of smart mobility, given that MaaS is a smart mobility strategy. This last criterion was crucial to exclude certain studies and reduce the literature findings to a convenient and manageable amount.…”

Section: The Sc Dimensions and Their "Areas Of Action"mentioning

confidence: 99%

MaaS Implications in the Smart City: A Multi-Stakeholder Approach

2023

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Cities worldwide are calling for smart mobility strategies to tackle the negative externalities of their transport networks. Mobility as a Service (MaaS) is expected to introduce a new mobility model that promotes smarter and more sustainable urban futures. Given the novelty of the concept, this paper explores the implications that might arise from the implementation of MaaS in today’s metropolises in relation to the six dimensions of smart cities: smart governance, smart economy, smart mobility, smart environment, smart people, and smart living. To this end, 42 semi-structured interviews with MaaS stakeholders were conducted in Madrid (Spain). Thematic analysis identified a set of 35 urban implications. The success of MaaS requires more than the mere deployment of technologies and must be supported by the reorganisation of institutional structures, the reform of the regulatory scenario, the stimulation of innovation-based entrepreneurship, the promotion of environmental awareness, the encouragement of cultural transition, and the consideration of the public sphere. Overall, valuable insights are identified for policymakers when designing MaaS. Assessment of multiple stakeholders’ perspectives enables a holistic understanding of these strategies and thus maximises their potential to address the limitations of our complex mobility systems in meeting urban sustainability goals.

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Section: The Sc Dimensions and Their "Areas Of Action"mentioning

confidence: 99%

MaaS Implications in the Smart City: A Multi-Stakeholder Approach

2023

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“…The emergence of the P2P market needs to be viewed in relation to two other relevant market structure evolving from the introduction of the innovative demand response and renewable energy technologies. These market structures incorporate community self consumption (CSC) and transactive energy (TE) models [25]. Any user integrated with renewable energy generation can be part of the CSC market model, who is able to store or sell excess energy to other loads in close proximity [33].…”

Section: Overview Of P2p Market Structurementioning

confidence: 99%

“…There have been a number of review papers that outlined the P2P energy trading mechanisms, potential technologies, challenges and barriers towards the adoption of such technologies. Three different types of market architectures, namely, community self-consumption, transactive energy and P2P architectures, were discussed in [25]. Similarly, the authors in [26] described and compared P2P, community-based, and a group of community-based architectures.…”

Section: Introductionmentioning

confidence: 99%

A Review of Peer-to-Peer Energy Trading Markets: Enabling Models and Technologies

Islam

2024

Energies

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This paper presents a detailed review of the existing literature on peer-to-peer (P2P) energy trading considering market architectures, trading strategies, and enabling technologies. P2P energy trading enables individual users in the electricity network to act as sellers or buyers and trade energy among each other. To facilitate the discussion on different aspects of P2P energy trading, this paper focuses on P2P market mechanisms, relevant bidding strategies, and auction models. In addition, to solve the energy management problems associated with P2P energy trading, this paper investigates widely used solution methods such as game-theoretic models, mathematical optimisation, as well as more recent machine learning techniques and evaluates them in a critical manner. The outcomes of this investigation along with the identification of the challenges and limitations will allow researchers to find suitable P2P energy trading mechanisms based on different market contexts. Moreover, the discussions on potential future research directions are expected to improve the effectiveness of P2P energy trading technologies.

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“…Several authors have analysed and classified the value propositions of ECs, peer-topeer and other non-purely commercial initiatives involving communities [39,[78][79][80]. Value propositions can have different levels of economic focus and community orientation, the latter intended as community spirit, social goals and environmental benefits (also in ethical and cultural terms).…”

Section: Key Dimensions Of Energy Community Business Modelsmentioning

confidence: 99%

“…Energy community members correspond to the customer segments of Canvas, i.e., the groups of individuals or organisations to whom you want to provide value. Members of the EC can have different roles, the main ones being grouped as [80] actors who own assets and are connected to the network; facilitators who can act either as platform providers for direct business transactions between actors, or as intermediaries for actors to enable interactions with a broader market; and actors who act as service providers and potential customers of actors who own assets.…”

Section: Key Dimensions Of Energy Community Business Modelsmentioning

confidence: 99%

Mapping of Energy Community Development in Europe: State of the Art and Research Directions

Roberto,

Ferruzzi,

Negro

et al. 2023

Energies

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Within the framework of defining a new energy paradigm to address climate change and other global challenges, the energy community model is gaining interest in several countries, especially in Europe. This article analyses the literature and experiences of organisational forms that fall under the definition of energy communities in a broad sense, in relation to their ability to bring improvements to the social, environmental and economic dimensions, and to ensure durability and replicability. The main elements that constitute a complete, albeit simplified, model of energy community are identified and analysed. The legislative and regulatory frameworks, technologies and social innovation frameworks, identified here as enabling elements, are discussed, as well as the elements of the energy community business models and the impacts generated at the environmental and energy, economic and social levels. The transformation potential of energy communities is confirmed as more than promising. However, in order to develop as a sustainable and replicable model capable of achieving social and environmental goals, as well as economic stability, further significant research and experimentation, following a cross-sectoral and multidisciplinary approach and strong political leadership, are needed.

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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 17 publications

References 153 publications

MaaS Implications in the Smart City: A Multi-Stakeholder Approach

MaaS Implications in the Smart City: A Multi-Stakeholder Approach

A Review of Peer-to-Peer Energy Trading Markets: Enabling Models and Technologies

Mapping of Energy Community Development in Europe: State of the Art and Research Directions

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