Roles of retailers in the peer-to-peer electricity market: A single retailer perspective

Summary: Despite extensive research in the past five years and several successfully completed and on-going pilot projects, regulators are still reluctant to implement peer-to-peer trading at a large scale in today's electricity market. The reason could partly be attributed to the perceived disa...

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Autores principales:	Wayes Tushar, Chau Yuen, Tapan Saha, Deb Chattopadhyay, Sohrab Nizami, Sarmad Hanif, Jan E. Alam, H. Vincent Poor
Formato:	article
Lenguaje:	EN
Publicado:	Elsevier 2021
Materias:	Energy resources Energy policy Energy systems Energy management Energy flexibility Science Q
Acceso en línea:	https://doaj.org/article/58840b43322448169e396081b6c86273
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spelling	oai:doaj.org-article:58840b43322448169e396081b6c862732021-11-20T05:09:14ZRoles of retailers in the peer-to-peer electricity market: A single retailer perspective2589-004210.1016/j.isci.2021.103278https://doaj.org/article/58840b43322448169e396081b6c862732021-11-01T00:00:00Zhttp://www.sciencedirect.com/science/article/pii/S2589004221012475https://doaj.org/toc/2589-0042Summary: Despite extensive research in the past five years and several successfully completed and on-going pilot projects, regulators are still reluctant to implement peer-to-peer trading at a large scale in today's electricity market. The reason could partly be attributed to the perceived disadvantage of current market participants such as retailers due to their exclusion from market participation—a fundamental property of decentralized peer-to-peer trading. As a consequence, recently, there has been growing pressure from energy service providers in favor of retailers' participation in peer-to-peer trading. However, the role of retailers in the peer-to-peer market is yet to be established, as no existing study has challenged this fundamental circumspection of decentralized trading. In this context, this perspective takes the first step to discuss the feasibility of retailers' involvement in the peer-to-peer market. In doing so, we identify key characteristics of retail-based and peer-to-peer electricity markets and discuss our viewpoint on how to incorporate a single retailer in a peer-to-peer market without compromising the fundamental decision-making characteristics of both markets. Finally, we give an example of a hypothetical business model to demonstrate how a retailer can be a part of a peer-to-peer market with a promise of collective benefits for the participants.Wayes TusharChau YuenTapan SahaDeb ChattopadhyaySohrab NizamiSarmad HanifJan E. AlamH. Vincent PoorElsevierarticleEnergy resourcesEnergy policyEnergy systemsEnergy managementEnergy flexibilityScienceQENiScience, Vol 24, Iss 11, Pp 103278- (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Energy resources Energy policy Energy systems Energy management Energy flexibility Science Q
spellingShingle	Energy resources Energy policy Energy systems Energy management Energy flexibility Science Q Wayes Tushar Chau Yuen Tapan Saha Deb Chattopadhyay Sohrab Nizami Sarmad Hanif Jan E. Alam H. Vincent Poor Roles of retailers in the peer-to-peer electricity market: A single retailer perspective
description	Summary: Despite extensive research in the past five years and several successfully completed and on-going pilot projects, regulators are still reluctant to implement peer-to-peer trading at a large scale in today's electricity market. The reason could partly be attributed to the perceived disadvantage of current market participants such as retailers due to their exclusion from market participation—a fundamental property of decentralized peer-to-peer trading. As a consequence, recently, there has been growing pressure from energy service providers in favor of retailers' participation in peer-to-peer trading. However, the role of retailers in the peer-to-peer market is yet to be established, as no existing study has challenged this fundamental circumspection of decentralized trading. In this context, this perspective takes the first step to discuss the feasibility of retailers' involvement in the peer-to-peer market. In doing so, we identify key characteristics of retail-based and peer-to-peer electricity markets and discuss our viewpoint on how to incorporate a single retailer in a peer-to-peer market without compromising the fundamental decision-making characteristics of both markets. Finally, we give an example of a hypothetical business model to demonstrate how a retailer can be a part of a peer-to-peer market with a promise of collective benefits for the participants.
format	article
author	Wayes Tushar Chau Yuen Tapan Saha Deb Chattopadhyay Sohrab Nizami Sarmad Hanif Jan E. Alam H. Vincent Poor
author_facet	Wayes Tushar Chau Yuen Tapan Saha Deb Chattopadhyay Sohrab Nizami Sarmad Hanif Jan E. Alam H. Vincent Poor
author_sort	Wayes Tushar
title	Roles of retailers in the peer-to-peer electricity market: A single retailer perspective
title_short	Roles of retailers in the peer-to-peer electricity market: A single retailer perspective
title_full	Roles of retailers in the peer-to-peer electricity market: A single retailer perspective
title_fullStr	Roles of retailers in the peer-to-peer electricity market: A single retailer perspective
title_full_unstemmed	Roles of retailers in the peer-to-peer electricity market: A single retailer perspective
title_sort	roles of retailers in the peer-to-peer electricity market: a single retailer perspective
publisher	Elsevier
publishDate	2021
url	https://doaj.org/article/58840b43322448169e396081b6c86273
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Roles of retailers in the peer-to-peer electricity market: A single retailer perspective

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