Decentralized P2P Electricity Trading Model for Thailand

Thailand’s power system has been facing an energy transition due to the increasing amount of Renewable Energy (RE) integration, prosumers with self-consumption, and digitalization-based business models in a Local Energy Market (LEM). This paper introduces a decentralized business model and a possibl...

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Autores principales:	Anchisa Pinyo, Athikom Bangviwat, Christoph Menke, Antonello Monti
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	decentralized electricity trading local energy market peer-to-peer auction mechanism Thailand energy transition Chemical technology TP1-1185
Acceso en línea:	https://doaj.org/article/5bbe557639c1421da04432545f7d970d
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spelling	oai:doaj.org-article:5bbe557639c1421da04432545f7d970d2021-11-11T19:19:56ZDecentralized P2P Electricity Trading Model for Thailand10.3390/s212174131424-8220https://doaj.org/article/5bbe557639c1421da04432545f7d970d2021-11-01T00:00:00Zhttps://www.mdpi.com/1424-8220/21/21/7413https://doaj.org/toc/1424-8220Thailand’s power system has been facing an energy transition due to the increasing amount of Renewable Energy (RE) integration, prosumers with self-consumption, and digitalization-based business models in a Local Energy Market (LEM). This paper introduces a decentralized business model and a possible trading platform for electricity trading in Thailand’s Micro-Grid to deal with the power system transformation. This approach is Hybrid P2P, a market structure in which sellers and buyers negotiate on energy exchanging by themselves called Fully P2P trading or through the algorithm on the market platform called Community-based trading. A combination of Auction Mechanism (AM), Bill Sharing (BS), and Traditional Mechanism (TM) is the decentralized price mechanism proposed for the Community-based trading. The approach is validated through a test case in which, during the daytime, the energy import and export of the community are significantly reduced when 75 consumers and 25 PV rooftop prosumers participate in this decentralized trading model. Furthermore, a comparison analysis confirms that the decentralized business model outperforms a centralized approach on community and individual levels.Anchisa PinyoAthikom BangviwatChristoph MenkeAntonello MontiMDPI AGarticledecentralized electricity tradinglocal energy marketpeer-to-peerauction mechanismThailand energy transitionChemical technologyTP1-1185ENSensors, Vol 21, Iss 7413, p 7413 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	decentralized electricity trading local energy market peer-to-peer auction mechanism Thailand energy transition Chemical technology TP1-1185
spellingShingle	decentralized electricity trading local energy market peer-to-peer auction mechanism Thailand energy transition Chemical technology TP1-1185 Anchisa Pinyo Athikom Bangviwat Christoph Menke Antonello Monti Decentralized P2P Electricity Trading Model for Thailand
description	Thailand’s power system has been facing an energy transition due to the increasing amount of Renewable Energy (RE) integration, prosumers with self-consumption, and digitalization-based business models in a Local Energy Market (LEM). This paper introduces a decentralized business model and a possible trading platform for electricity trading in Thailand’s Micro-Grid to deal with the power system transformation. This approach is Hybrid P2P, a market structure in which sellers and buyers negotiate on energy exchanging by themselves called Fully P2P trading or through the algorithm on the market platform called Community-based trading. A combination of Auction Mechanism (AM), Bill Sharing (BS), and Traditional Mechanism (TM) is the decentralized price mechanism proposed for the Community-based trading. The approach is validated through a test case in which, during the daytime, the energy import and export of the community are significantly reduced when 75 consumers and 25 PV rooftop prosumers participate in this decentralized trading model. Furthermore, a comparison analysis confirms that the decentralized business model outperforms a centralized approach on community and individual levels.
format	article
author	Anchisa Pinyo Athikom Bangviwat Christoph Menke Antonello Monti
author_facet	Anchisa Pinyo Athikom Bangviwat Christoph Menke Antonello Monti
author_sort	Anchisa Pinyo
title	Decentralized P2P Electricity Trading Model for Thailand
title_short	Decentralized P2P Electricity Trading Model for Thailand
title_full	Decentralized P2P Electricity Trading Model for Thailand
title_fullStr	Decentralized P2P Electricity Trading Model for Thailand
title_full_unstemmed	Decentralized P2P Electricity Trading Model for Thailand
title_sort	decentralized p2p electricity trading model for thailand
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/5bbe557639c1421da04432545f7d970d
work_keys_str_mv	AT anchisapinyo decentralizedp2pelectricitytradingmodelforthailand AT athikombangviwat decentralizedp2pelectricitytradingmodelforthailand AT christophmenke decentralizedp2pelectricitytradingmodelforthailand AT antonellomonti decentralizedp2pelectricitytradingmodelforthailand
_version_	1718431530092593152

Decentralized P2P Electricity Trading Model for Thailand

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