TY - JOUR
T1 - Peer-to-Peer Trade and the Sharing Economy at Distribution Level
T2 - A Review of the Literature
AU - Mohandes, Nassma
AU - Bayhan, Sertac
AU - Sanfilippo, Antonio
AU - Abu-Rub, Haitham
N1 - Publisher Copyright:
© 2013 IEEE.
PY - 2023
Y1 - 2023
N2 - Peer-to-peer (P2P) energy trading has gained significant importance in recent years due to the growing energy needs worldwide. To ensure the effective and efficient implementation of P2P energy trading, it is necessary to analyze the concept from multiple dimensions. This study aims to investigate the challenges that may hinder the smooth flow of P2P energy trading and identify strategies to overcome them. Technical, cybersecurity, renewable energy integration, economic, pricing mechanisms, and regulatory challenges are among the key obstacles that may curtail the full potential of P2P energy trading. In addition, the full achievement of the P2P energy trading potential requires a global response from stakeholders to ensure widespread acceptance and adoption. Game theory and agent-based modeling can effectively address these challenges and facilitate the successful implementation of P2P energy trading.
AB - Peer-to-peer (P2P) energy trading has gained significant importance in recent years due to the growing energy needs worldwide. To ensure the effective and efficient implementation of P2P energy trading, it is necessary to analyze the concept from multiple dimensions. This study aims to investigate the challenges that may hinder the smooth flow of P2P energy trading and identify strategies to overcome them. Technical, cybersecurity, renewable energy integration, economic, pricing mechanisms, and regulatory challenges are among the key obstacles that may curtail the full potential of P2P energy trading. In addition, the full achievement of the P2P energy trading potential requires a global response from stakeholders to ensure widespread acceptance and adoption. Game theory and agent-based modeling can effectively address these challenges and facilitate the successful implementation of P2P energy trading.
KW - Agent-based modeling
KW - game theory
KW - peer-to-peer energy trading
KW - pricing mechanisms
KW - regulatory frameworks
KW - renewable energy integration
UR - http://www.scopus.com/inward/record.url?scp=85176728595&partnerID=8YFLogxK
U2 - 10.1109/ACCESS.2023.3328228
DO - 10.1109/ACCESS.2023.3328228
M3 - Article
AN - SCOPUS:85176728595
SN - 2169-3536
VL - 11
SP - 122842
EP - 122858
JO - IEEE Access
JF - IEEE Access
ER -