Comparative analysis of market structures of P2P energy trading in a local energy system

Authors Mengqiu Deng, Xiao Peng, Yang Zhao
Publication date 2023
Research groups Organisations in Digital Transition
Type Lecture


Peer-to-peer (P2P) energy trading has been recognized as an important technology to increase the local self-consumption of photovoltaics in the local energy system. Different auction mechanisms and bidding strategies haven been investigated in previous studies. However, there has been no comparatively analysis on how different market structures influence the local energy system’s overall performance. This paper presents and compares two market structures, namely a centralized market and a decentralized market. Two pricing mechanisms in the centralized market and two bidding strategies in the decentralized market are developed. The results show that the centralized market leads to higher overall system self-consumption and profits. In the decentralized market, some electricity is directly sold to the grid due to unmatchable bids and asks. Bidding strategies based on the learning algorithm can achieve better performance compared to the random method.

On this publication contributed

  • Xiao Peng
    • Researcher
    • Research group: Organisations in Digital Transition

Language English
ISBN/ISSN URN:ISBN:978-961-286-751-5
Key words energy trading, bidding strategies
Digital Object Identifier 10.18690/um.fov.4.2023.34