Review of Peer-to-Peer Energy Trading for Indian Scenario: Challenges and Opportunities

Peer-to-Peer (P2P) energy trading is the direct sharing or transfer of energy between more than one grid-connected users. Continuous usage of local Distributed Energy Resources (DERs) can be made better by focusing on P2P energy trading. It looks forward to save energy bill, reduce peak demand, network loss and thus aid the grid. As there is continuous growth in energy consumption in country like India, the scheme seems to be promising in future. This paper focuses on P2P energy trading on present Indian scenario. The paper brings some of the opportunities and challenges both to the peers and locality in introducing P2P trading. The P2P energy trading system architecture is analyzed as a three dimensioned four-layer system. The paper reviews on how different problems are addressed in the four layers of P2P architecture.