Peer-to-Peer (P2P) Electricity Markets for Low Voltage Networks

TL;DR

This paper introduces a decentralized P2P energy trading model for low-voltage networks that efficiently manages transactions, utilizes unused capacity, and handles high trade volumes under various conditions.

Contribution

It presents a novel clearance and settlement model enabling direct P2P energy trading in low-voltage networks with network constraint considerations.

Findings

Effective handling of high trade volumes

Robust performance under extreme conditions

Enhanced utilization of network capacity

Abstract

We develop a clearance and settlement model for Peer-to-Peer (P2P) energy trading in low-voltage networks. The model enables direct transactions between parties within an open and distributed system and integrates unused capacity while respecting network constraints. We evaluate the model through simulations of different scenarios (normal operating conditions and extreme conditions) for 24-hour time blocks. Our simulations highlight the benefits of our model in a decentralized energy system, notably its ability to deal with high-trade volumes.