Towards Peer-to-Peer Energy Market: an Overview

03/02/2020

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by   Ramon Christen, et al.

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This paper provides an overview of the current status of the energy market, with respect to the increasing number of decentralised prosumer. After outlining the limitations imposed by the status quo, a possible multi-layered architecture of a Peer-to-Peer (P2P) energy market is introduced. The fundamental aspects of local production and local consumption as part of a microgrid are discussed. Changes in roles and some incentive models connected with decentralisation are discussed and motivated. To give the reader a feeling of it, a typical P2P settlement is explained. Also relevant elements of trading, such as Smart contract and grid stability are presented to the reader. Being this a work in progress, many open questions are still on the table and will be addressed in the next stages of the research.