Poly(3,4-ethylenedioxythiophene) (PEDOT) with a dopant of polystyrene sulfonate (PSS), namely PEDOT:PSS, has been mostly used as counter electrode to give a high performance of dye-sensitized solar cells (DSSCs). Recently, PEDOT doped by carrageenan (PEDOT:Carrageenan) was introduced as a new material to be applied on DSSC as electrolyte. PEDOT:Carrageenan has a similar synthesis process as PEDOT:PSS owing to their similar ester sulphate (-SO3H) groups in both PSS and carrageenan. This review provides an overview of the different roles between PEDOT:PSS as counter electrode and PEDOT:Carrageenan as electrolyte for DSSC applications. The synthesis process and characteristics of PEDOT:PSS and PEDOT:Carrageenan were also described in this review. In conclusion, we found that PEDOT:PSS as counter electrode has the main roles of transferring electrons from the external circuit and accelerating the reduction reaction of redox coupled with its high electrical conductivity and high electrocatalytic activity. As electrolyte, PEDOT:Carrageenan has not shown the main role as an electron transfer from counter electrode to regenerate the dye-sensitized at the oxidized state due to its low ionic conductivity. Therefore, PEDOT:Carrageenan still obtained a low performance of DSSCs. Additionally, the future perspective and challenges of using PEDOT:Carrageenan as both electrolyte and counter electrode are described in detail.