Peer-to-Peer Energy Trading Platforms in Local Energy Markets

^* College of technical engineering, The Islamic university, Najaf, Iraq .
^† Department of Civil Engineering, Uttaranchal Institute of Technology, Uttaranchal University, Dehradun-248007, India
^‡ ECE, Prince Shri Venkateshwara Padmavathy Engineering College, Chennai - 127
^§ Department of Electrical & Electronics Engineering, IES College of Technology, IES University Bhopal, India 462044, Madhya Pradesh
^** Department of ECE, Sri sairam Institute of Technology
⁶ Professor, Department of Information Technology, Vishwakarma Institute of Information Technology, India Email: dharmesh.dhabliya@viit.ac.in, Pune, Maharashtra

^* Corresponding Author:laith.h.alzubaidi@gmail.com
^† gauravthakur649@gmail.com
^‡ vijayalakshmi_ece@psvpec.in
^§ research@iesbpl.ac.in
^** saritha.ganesan@gmail.com

Abstract

This review explores Peer-to-Peer (P2P) Energy Trading Platforms in Local Energy Markets, drawing insights from three key studies. These markets, using P2P trading, efficiently distribute electricity within communities. Research assesses P2P trading’s impact in a Norwegian neighbourhood, comparing it to scenarios without local markets. It also examines integrating PV systems, batteries, and electric vehicles on grid operations. Findings reveal minimal grid impacts with PVs alone, but adding batteries increases voltage fluctuations and losses. However, P2P trading benefits end-users with cost savings and supports Distribution System Operator operations. The paper surveys global P2P energy trading projects, emphasising communication and control networks within local Microgrids. It discusses the transition from passive consumers to prosumers in power networks and introduces the concept of a federated power plant, combining virtual power plants and P2P transactions among prosumers to address challenges and unlock additional value. This review fills research gaps, shedding light on P2P energy trading’s multifaceted aspects in local markets and its transformative potential for the energy sector.