Peer-to-peer energy trading for photo-voltaic prosumers

This paper reviews a peer-to-peer energy market for prosumers of a regulated utility. Utilities pay retail prices to prosumers regardless of demand, forcing utilities to pass the cost of distribution to other consumers. As pro-sumers grow in numbers, utilities need a better compensation method. A real-time peer-to-peer energy market application may provide higher incentives. Utilities adopt the service because it would allow for compensation of overhead. By including the utility, a micro-grid is not needed for a peer-to-peer market. The prosumer com-munity can be virtual. The proposed implementation can become an intermediary step to decentralized energy markets. The application shall leverage the real-time demand of consumers and adjust payment instantly to prosumers that can meet that demand. A shared cloud account can allow the community to manage the appli-cation and create transparency and trust.