Sun, Z.; Tavakoli, S.; Khalilpour, K.; Voinov, A.; Marshall, J.P. Barriers to Peer-to-Peer Energy Trading Networks: A Multi-Dimensional PESTLE Analysis. Sustainability2024, 16, 1517.
Sun, Z.; Tavakoli, S.; Khalilpour, K.; Voinov, A.; Marshall, J.P. Barriers to Peer-to-Peer Energy Trading Networks: A Multi-Dimensional PESTLE Analysis. Sustainability 2024, 16, 1517.
Sun, Z.; Tavakoli, S.; Khalilpour, K.; Voinov, A.; Marshall, J.P. Barriers to Peer-to-Peer Energy Trading Networks: A Multi-Dimensional PESTLE Analysis. Sustainability2024, 16, 1517.
Sun, Z.; Tavakoli, S.; Khalilpour, K.; Voinov, A.; Marshall, J.P. Barriers to Peer-to-Peer Energy Trading Networks: A Multi-Dimensional PESTLE Analysis. Sustainability 2024, 16, 1517.
Abstract
The growing adoption of distributed energy production technologies, and the potential of energy underutilization when it is produced by non-connected groups, has raised interest in ‘sharing economy’ concepts in the electricity sector. We suggest that mechanisms, such as peer-to-peer (P2P) energy trading, will allow users to exchange their surplus energy for mutual benefits, stimulate the adoption of renewable energy, encourage communities to ‘democratically’ control their own energy supplies for local development, and improved energy efficiency, and create many other benefits This approach is receiving increasing attention across the world, particularly in Germany, the Netherlands and Australia. Nevertheless, the actual development and implementation of these platforms is slow and mostly limited to trial activities. This study investigates the challenges and barriers facing P2P energy trading developments based on previous academic and industry studies. We provide a comprehensive multidimensional barrier analysis through a PESTLE approach to assess the barriers from a variety of perspectives, including the political (P), economic (E), social (S), technological (T), legal (L), and environmental (E) aspects. This approach clarifies the many intersecting problem fields of P2P trading in renewable energy, and the paper identifies a list of such barriers, and discusses the prospects for addressing these issues. We also elaborate on the importance of incentive-based P2P market design.
Keywords
Community energy; energy sharing; barrier analysis; tragedy of commons; free rider effect; incentive
Subject
Engineering, Energy and Fuel Technology
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
