A Systematic Literature Review of Peer-to-Peer, Community Self-Consumption, and Transactive Energy Market Models

Timothy Capper, Anna Gorbatcheva, Mustafa A. Mustafa, Mohamed Bahloul, Jan Marc Schwidtal, Ruzanna Chitchyan, Merlinda Andoni, Valentin Robu, Mehdi Montakhabi, Ian Scott, Christina Francis, Tanaka Mbavarira, Juan Manuel Espana, Lynne Kiesling

Research output: Working paper

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Abstract

Peer-to-peer and transactive energy markets, and community or collective self-consumption offer new models for trading energy locally. Over the past 10 years there has been significant growth in the amount of academic literature and trial projects examining how these energy trading models might function. This systematic literature review of 139 peer-reviewed journal articles examines the market designs used in these energy trading models. The Business Ecosystem Architecture Modelling framework is used to extract information about the market models used in the literature and identify differences and similarities between the models. This paper identifies six archetypal market designs and three archetypal auction mechanisms used in markets presented in the reviewed literature. It classifies the types of commodities being traded, the benefits of the markets and other features such as the types of grid models. Finally, this paper identifies five evidence gaps which need future research before these markets can be widely adopted.
Original languageEnglish
PublisherSocial Science Research Network (SSRN), Elsevier
Number of pages49
DOIs
Publication statusPublished - 10 Nov 2021

Keywords

  • peer-to-peer
  • self-consumption
  • Transactive energy
  • Market model
  • Electricity trading
  • Smart grid
  • Local energy markets
  • prosumers

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