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Transforming Energy Networks via Peer to Peer Energy Trading: Potential of Game Theoretic Approaches
Signal Processing · Submitted 19 Mar 2018
abstract compiled · 2026-09-23 · no language-model review
The authors' main claim This paper provides an overview of the use of game theoretic approaches for P2P energy trading as a feasible and effective means of energy management.
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The abstract, sentence by sentence
Peer-to-peer (P2P) energy trading has emerged as a next-generation energy management mechanism for the smart grid that enables each prosumer of the network to participate in energy trading with one another and the grid. This poses a significant challenge in terms of modeling the decision-making process of each participant with conflicting interest and motivating prosumers to participate in energy trading and to cooperate, if necessary, for achieving different energy management goals. Therefore, such decision-making process needs to be built on solid mathematical and signal processing tools that can ensure an efficient operation of the smart grid. This paper provides an overview of the use of game theoretic approaches for P2P energy trading as a feasible and effective means of energy management. As such, we discuss various games and auction theoretic approaches by following a systematic classification to provide information on the importance of game theory for smart energy research. Then, the paper focuses on the P2P energy trading describing its key features and giving an introduction to an existing P2P testbed. Further, the paper zooms into the detail of some specific game and auction theoretic models that have recently been used in P2P energy trading and discusses some important finding of these schemes.
background contribution method result interpretation main claim
| # | sentence | role | the authors' own work | states the main conclusion | strength |
|---|---|---|---|---|---|
| s0 | Peer-to-peer (P2P) energy trading has emerged as a next-generation energy management mechanism for the smart grid that enables each prosumer of the network to participate in energy trading with one another and the grid. | background 1.00 | 0.05 | 0.04 | asserted 1.00 |
| s1 | This poses a significant challenge in terms of modeling the decision-making process of each participant with conflicting interest and motivating prosumers to participate in energy trading and to cooperate, if necessary, for achieving different energy management goals. | background 0.91 | 0.05 | 0.03 | asserted 0.99 |
| s2 | Therefore, such decision-making process needs to be built on solid mathematical and signal processing tools that can ensure an efficient operation of the smart grid. | background 0.89 | 0.04 | 0.05 | asserted 0.94 |
| s3 | This paper provides an overview of the use of game theoretic approaches for P2P energy trading as a feasible and effective means of energy management. | contribution 1.00 | 0.49 | 0.38 | asserted 0.78 |
| s4 | As such, we discuss various games and auction theoretic approaches by following a systematic classification to provide information on the importance of game theory for smart energy research. | contribution 0.77 | 0.68 | 0.09 | asserted 0.80 |
| s5 | Then, the paper focuses on the P2P energy trading describing its key features and giving an introduction to an existing P2P testbed. | contribution 0.75 | 0.34 | 0.03 | asserted 0.89 |
| s6 | Further, the paper zooms into the detail of some specific game and auction theoretic models that have recently been used in P2P energy trading and discusses some important finding of these schemes. | contribution 0.85 | 0.18 | 0.08 | asserted 0.91 |
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Original abstract
Peer-to-peer (P2P) energy trading has emerged as a next-generation energy management mechanism for the smart grid that enables each prosumer of the network to participate in energy trading with one another and the grid. This poses a significant challenge in terms of modeling the decision-making process of each participant with conflicting interest and motivating prosumers to participate in energy trading and to cooperate, if necessary, for achieving different energy management goals. Therefore, such decision-making process needs to be built on solid mathematical and signal processing tools that can ensure an efficient operation of the smart grid. This paper provides an overview of the use of game theoretic approaches for P2P energy trading as a feasible and effective means of energy management. As such, we discuss various games and auction theoretic approaches by following a systematic classification to provide information on the importance of game theory for smart energy research. Then, the paper focuses on the P2P energy trading describing its key features and giving an introduction to an existing P2P testbed. Further, the paper zooms into the detail of some specific game and auction theoretic models that have recently been used in P2P energy trading and discusses some important finding of these schemes.
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2 arXiv papers cite this in 2 sentences
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Cites it as background 1 paper
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Recent studies [ref] focused more on the market prospects and technological aspects related to integrating prosumers.
Peer-to-peer and community-based markets: A comprehensive review · Introduction · 0.84
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