Peer-to-Peer Energy Trading and Grid Impact Studies in Smart Communities
The rise of peer-to-peer (P2P) marketplace paradigms has transformed existing marketplace models, but the extent to which this approach can be applied to the energy marketplace has yet to be considered. In this paper, we examine existing approaches taken in the application of a P2P paradigm to the energy marketplace, further presenting an approach towards facilitating an online P2P energy marketplace, implementing a prototype P2P web application named SolTrade. Furthermore, we submit initial statistics based on simulated transactions facilitated through the platform, which illustrate the physical impact of marketplace transactions on the energy grid. In particular, these results show that, as the number of users rises, the chance of overloading the grid rises, but the chance of the grid being unable to sustain itself without an external source of energy falls.
- Research Organization:
- Univ. of Central Florida, Orlando, FL (United States)
- Sponsoring Organization:
- USDOE Office of Energy Efficiency and Renewable Energy (EERE), Renewable Power Office. Solar Energy Technologies Office
- DOE Contract Number:
- EE0007998
- OSTI ID:
- 1826258
- Report Number(s):
- DOE-UCF-7998
- Journal Information:
- 2020 International Conference on Computing, Networking and Communications (ICNC), Conference: 2020 International Conference on Computing, Networking and Communications (ICNC), Big Island, HI, USA, 17-20 Feb. 2020
- Country of Publication:
- United States
- Language:
- English
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