Abstract
Recent developments in disruptive technologies along with the cost reduction of photovoltaics have been transforming business models in the electricity sector worldwide. The rise of prosumers has led to a more decentralized and open local green energy market through the emergence of peer-to-peer (P2P) energy trading, where consumers and prosumers can buy or sell electricity through an online trading platform. P2P energy trading has the potential to make green energy more accessible at the local level, provide a customer choice that aligns with community values, and promote the use of renewable energy (RE) for local consumption. Although P2P energy trading has already been adopted in some countries, its implementation remains challenging in other countries, including Thailand. In this work, we investigated the drivers and challenges of implementing P2P energy trading in Thailand based on the perspectives of P2P energy trading pilot project developers participating in the regulatory sandbox program. A strategic framework was used to identify the respondents’ standpoints on the political, economic, social, technological, legal, and environmental (PESTLE) factors that can influence the implementation of P2P energy trading. This can help businesses, policymakers, and regulators better understand drivers and barriers of P2P energy trading, which is a potential local energy market. This paper also provides policy recommendations for regulatory changes for the future development of P2P energy trading, including opening a third-party access (TPA) regime, enabling a liberalized market in the electricity market, and integrating the role and responsibilities of the prosumer for P2P energy trading into existing law.
Highlights
Climate change has recently become a major global issue and the use of renewable energy (RE) resources for the energy sector is being recognized as a possible solution to address this problem
Most frequently mentioned factors the development of P2P energy trading projectsThe are most frequently mentioned factors for the development of energy trading related to the national plans (PDP, AEDP, solar household scheme) (P), energy costprojects reducare to the national plans (PDP,(T), AEDP, solar household (P),sandbox energy procost tionrelated (Ec), deployment of smart meters implementation of thescheme) regulatory reduction (Ec), deployment of smart meters (T), implementation of the regulatory sandbox gram (L), and climate change and greenhouse gas emissions reduction (En)
The factors cussed by(L), most developers were considered to emissions be the most important drivers for the discussed by most project developers were considered to be the most important drivers for development of P2P energy trading projects
Summary
Climate change has recently become a major global issue and the use of renewable energy (RE) resources for the energy sector is being recognized as a possible solution to address this problem. In addition to a large scale of generation from clean energy, the deployment of distributed energy resources (DERs) from renewables is growing rapidly around the world. Shifting power generation to RE is a key pillar of global efforts to reach carbon neutrality and sustainable development. The emergence of DERs has brought new players such as prosumers into the distribution network [2]. The traditional power grid is changing drastically so that consumers can become energy producers, called prosumers [3]
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