Towards transactive energy: An analysis of information‐related practical issues

Abstract

The development of distributed energy resources, such as rooftop photovoltaic (PV) panels, batteries, and electric vehicles (EVs), has decentralized the power system operation, where transactive energy markets empower local energy exchanges. Transactive energy contributes to building a low‐carbon energy system by better matching the distributed renewable sources and demand. Effective market mechanisms are a key part of transactive energy market design. Despite fruitful research on related topics, some practical challenges must be addressed. This review surveys three practical issues related to information exchange in transactive energy markets: asynchronous computing, truthful reporting, and privacy preservation. The state‐of‐the‐art results are summarized and relevant multidisciplinary theories are introduced. Based on these findings, several potential research directions are suggested that could provide insights for future studies.

Applications of mechanism design in market-based demand-side management: A review

“…In [20], the authors review the proposed local electricity market models and classify these approaches based on the market scope, modelling assumptions, and market objectives. A review of transactive energy markets is provided in [21], where the authors focus on the challenges of information exchange in such market mechanisms.…”

“…Year Scope Contribution [15] 2016 DER trading Review of the types of traded resources [16] 2018 DSM & load scheduling Multi-criteria classification of DSM and load scheduling approaches [17] 2018 Local energy markets Review of the types of market players and market optimisation objectives [18] 2020 Local DER markets Review of computational intelligence methods used for local DER trading [19] 2021 DER integration Review of electricity markets with provisions for DER trading [20] 2021 Local electricity markets Review of market scope, modelling assumptions, and market objectives [21] 2022…”

Optimal Network Charge for Peer-to-Peer Energy Trading: A Grid Perspective

“…In this context, peer-to-peer (P2P) energy trading has emerged as a promising mechanism to account for the DERs [5]. P2P aims for a consumercentric electricity market that allows the consumers with DERs (i.e., prosumer) to trade energy surplus or deficiency mutually [6][7][8]. The vision of P2P is to empower the prosumers to achieve the balance of supply and demand autonomously and economically by leveraging their complementary and flexible generation and consumption.…”

Energy Performance and Control Strategy for Dynamic Façade with Perovskite PV Panels—Technical Analysis and Case Study

“…The guidelines of this indicator are already an element of research and verification in scientific and engineering teams [42][43][44]. Moreover, they determine new social models for ecological transition by changing maintenance and management of building infrastructure by considering their significant energy consumption and the new role of buildings in a transactive energy market [45][46][47].…”