The adoption of peer-to-peer (P2P) electricity trading will turn individual consumers from passive to active managers of their networks. Such a marketplace can relieve constraints on the growing system and offer an alternative to costly grid reinforcements. Arina Anisie and Francisco Boshell at IRENA run through the benefits, including investment costs, bills, resilience, congestion, mini-grids, energy access, and more. They note that very few pilot projects actually test these benefits, and point at those that do. Questions still remain around the impact of P2P energy trading on the grid, identifying sustainable business models, capital investment, legal provision, and the design of a conducive regulatory framework, among others. Last year’s EU Clean Energy Package put P2P electricity trading on the legal map. Germany, Denmark, the Netherlands and the UK lead Europe. Further afield, the authors cite projects in Australia, Bangladesh, Colombia, Japan, Malaysia, and the U.S. Peer-to-peer trading’s challenge is to enable distributed energy resources that provide cost-effective support to renewable-based power and bring benefits to all consumers and the entire system.
Energy Post 13th Nov 2020 read more »