Capper, Timothy;
Gorbatcheva, Anna;
Mustafa, Mustafa A;
Bahloul, Mohamed;
Schwidtal, Jan Marc;
Chitchyan, Ruzanna;
Andoni, Merlinda;
... Kiesling, Lynne; + view all
(2022)
Peer-to-peer, community self-consumption, and transactive energy: A systematic literature review of local energy market models.
Renewable and Sustainable Energy Reviews
, 162
, Article 112403. 10.1016/j.rser.2022.112403.
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Abstract
Peer-to-peer, community or collective self-consumption, and transactive energy markets offer new models for trading energy locally. Over the past five years, there has been significant growth in the amount of academic literature examining how these local energy markets might function. This systematic literature review of 139 peer-reviewed journal articles examines the market designs used in these energy trading models. A modified version of the Business Ecosystem Architecture Modelling framework is used to extract market model information from the literature, and to identify differences and similarities between the models. This paper examines how peer-to-peer, community self-consumption and transactive energy markets are described in current literature. It explores the similarities and differences between these markets in terms of participation, governance structure, topology, and design. This paper systematises peer-to-peer, community self-consumption and transactive energy market designs, identifying six archetypes. Finally, it identifies five evidence gaps which require future research before these markets could be widely adopted. These evidence gaps are the lack of: consideration of physical constraints; a holistic approach to market design and operation; consideration about how these market designs will scale; consideration of information security; and, consideration of market participant privacy.
| Type: | Article |
|---|---|
| Title: | Peer-to-peer, community self-consumption, and transactive energy: A systematic literature review of local energy market models |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1016/j.rser.2022.112403 |
| Publisher version: | https://doi.org/10.1016/j.rser.2022.112403 |
| Language: | English |
| Additional information: | © 2022 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/). |
| Keywords: | Science & Technology, Technology, Green & Sustainable Science & Technology, Energy & Fuels, Science & Technology - Other Topics, Peer-to-peer, Community self-consumption, Transactive energy, Market model, Electricity trading, Energy trading, Smart grid, Local energy market, Prosumer, DEMAND RESPONSE, BLOCKCHAIN TECHNOLOGY, RENEWABLE ENERGY, HOME-MICROGRIDS, ELECTRICITY, MANAGEMENT, FRAMEWORK, AUCTION, INTEGRATION, PROSUMERS |
| UCL classification: | UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Bartlett School Env, Energy and Resources UCL > Provost and Vice Provost Offices > UCL BEAMS UCL |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10155511 |
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