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A Framework from Peer-to-Peer Electricity Trading Based on Communities Transactions

Author

Listed:
  • Ricardo Moreno

    (Departamento de Energ tica y Mec nica, Universidad Aut noma de Occidente, Calle 25 # 115-85 Km 2 V a Cali-Jamund , Colombia.)

  • Cristian Hoyos

    (Departamento de Energ tica y Mec nica, Universidad Aut noma de Occidente, Calle 25 # 115-85 Km 2 V a Cali-Jamund , Colombia.)

  • Sergio Cantillo

    (Departamento de Energ tica y Mec nica, Universidad Aut noma de Occidente, Calle 25 # 115-85 Km 2 V a Cali-Jamund , Colombia.)

Abstract

Recently, several authors and reports inform about peer-to-peer transactions of goods and services. Usually, the electricity markets work trading energy at large scale in wholesale electricity markets. Given the integration of distributed energy resources such as PV generators, storage at small scale, demand response and electric vehicles then there are new options to trade energy at small scale by focusing in the producer-consumer relationship. This derives in alternatives based on peer-to-peer (P2P) electricity markets to trade energy employing tools as the blockchain and deployment of distributed energy resources (DERs). This paper presents a framework to trade energy at small scale with a flexible hybrid model of P2P based on transactions between communities and peers, for each period of time, each peer can change its role, the prosumer and producer peers can offer their generated energy. The consumer peers can adjust their consumption behavior based on price and quantity. Thus, the role of the community manager comes into play to associations between peers as an intermediary of the community and the grid. Therefore, a model of transactions with P2P offers was developed for different structures and sales prices. Finally, the framework to trade energy in a hybrid P2P model is evaluated in a demand curve considering a 24-hour period for several cases.

Suggested Citation

  • Ricardo Moreno & Cristian Hoyos & Sergio Cantillo, 2021. "A Framework from Peer-to-Peer Electricity Trading Based on Communities Transactions," International Journal of Energy Economics and Policy, Econjournals, vol. 11(3), pages 537-545.
    • Handle: RePEc:eco:journ2:2021-03-65
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    References listed on IDEAS

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    Cited by:

    1. Diego Larrahondo & Ricardo Moreno & Harold R. Chamorro & Francisco Gonzalez-Longatt, 2021. "Comparative Performance of Multi-Period ACOPF and Multi-Period DCOPF under High Integration of Wind Power," Energies, MDPI, vol. 14(15), pages 1-15, July.

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    More about this item

    Keywords

    Blockchain; Distributed Energy Resources; Electricity Markets; Microgrids; Peer-to-peer.;
    All these keywords.

    JEL classification:

    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • Q21 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Demand and Supply; Prices
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting

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