Peer-to-Peer Energy Trading Market: A Review on Current Trends, Challenges and Opportunities for Thailand

Abstract

Due to the developing of renewable energy and the Internet of things (IoT) technology, these two key drivers will accelerate the developing new system of energy exchanged market. From this chance, refer to the Peer-to-Peer (P2P) energy trading concept, both prosumers and consumers will have authorization for exchanging their energy with each other. Prosumers and consumers can buy normal or renewable energy from the grid. The surplus energy of prosumers can be sold to the grid. The expansion of prosumers generates the chances of having more decentralized energy market. This study proposes reviewing the Peer-to-Peer energy trading concept that is essential to illustrate the recent approaches, challenges, and development trends especially for Thailand. Furthermore, this paper also introduces a Peer-to-Peer energy trading model, development trends, challenges and opportunities based on related pilot projects, regulations and policy of each stakeholder such as government, electric utility and private sector.