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Peer-to-Peer Trade and the Sharing Economy at Distribution Level: A Review of the Literature

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submitted on 2024-02-18, 09:45 and posted on 2024-02-18, 09:45 authored by Nassma Mohandes, Sertac Bayhan, Antonio Sanfilippo, Haitham Abu-Rub

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.

Other Information

Published in: IEEE Access
License: https://creativecommons.org/licenses/by/4.0/
See article on publisher's website: https://dx.doi.org/10.1109/access.2023.3328228

Funding

Open Access funding provided by the Qatar National Library.

History

Language

  • English

Publisher

IEEE

Publication Year

  • 2023

License statement

This Item is licensed under the Creative Commons Attribution 4.0 International License

Institution affiliated with

  • Hamad Bin Khalifa University
  • Qatar Environment and Energy Research Institute - HBKU
  • Texas A&M University at Qatar