Comparative techno-economic analysis of market models for peer-to-peer energy trading on a distributed platform

M. Galici, M. Troncia, M. Nour, J.P. Chaves, F. Pilo

Applied Energy Vol. 380, pp. 125005-1 - 125005-14

Resumen:

Since the emergence of distributed energy resources, local electricity markets have garnered interest for energy sharing on a community scale through both centralized and distributed models, including innovative distributed platforms. Numerous studies and initiatives have demonstrated that local markets and peer-to-peer transactions can be effective for electricity networks under specific conditions. Amidst the growing exploration of local market models, there is a noticeable gap in quantitative techno-economic analyses comparing different auction mechanisms. This paper aims at filling this gap by representing a comparative analysis of the most commonly implemented double-sided market models for peer-to-peer transactions based on a distributed ledger implementation. The comparison is based on quantitative key performance indicators designed to assess the economic and technical performance of these market models, including technical constraints within the power system through a network constraints management market. According to the selected metrics, the simulation results reveal that no single model outperforms all others. The authors conclude that, under the tested application and assumed conditions, the distributed market using distributed ledger technology faces several challenges that hinder its efficient application to local energy trading.

Resumen divulgativo:

El artículo propone un análisis comparativo de los modelos de mercado de doble cara más comúnmente implementados para transacciones entre pares, basado en una implementación de plataforma distribuida. La evaluación tecnoeconómica se realiza utilizando métricas originales en términos de indicadores económicos, complejidad del mercado y efectividad en la gestión de congestión. El manuscrito aborda la brecha de investigación que actualmente existe en la literatura sobre la utilidad de los modelos de mercado de doble cara para mercados locales entre pares.

Palabras Clave: Peer-to-peer energy trading; Local electricity markets; Techno-economic analysis; Double auction models comparison

Índice de impacto JCR y cuartil WoS: 10,100 - Q1 (2023)

Referencia DOI: https://doi.org/10.1016/j.apenergy.2024.125005

Publicado en papel: Febrero 2025.

Publicado on-line: Diciembre 2024.

Cita:
M. Galici, M. Troncia, M. Nour, J.P. Chaves, F. Pilo, Comparative techno-economic analysis of market models for peer-to-peer energy trading on a distributed platform. Applied Energy. Vol. 380, pp. 125005-1 - 125005-14, Febrero 2025. [Online: Diciembre 2024]