Comparison of Economic Feasibility for Efficient Peer-to-Peer Electricity Trading of PV-Equipped Residential House in Korea
Since the sharing economy emerged as a new paradigm with the development of technology, the global sharing economy market has grown rapidly. In the energy sector, peer-to-peer energy trading is being conducted to share energy produced through renewable energy systems. In this study, in the situation...
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| Format: | Article |
| Language: | English |
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MDPI AG
2020-07-01
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| Series: | Energies |
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| Online Access: | https://www.mdpi.com/1996-1073/13/14/3568 |
| _version_ | 1797562763782914048 |
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| author | Min Hee Chung |
| author_facet | Min Hee Chung |
| author_sort | Min Hee Chung |
| collection | DOAJ |
| description | Since the sharing economy emerged as a new paradigm with the development of technology, the global sharing economy market has grown rapidly. In the energy sector, peer-to-peer energy trading is being conducted to share energy produced through renewable energy systems. In this study, in the situation where energy transactions among individuals are expected to expand in the future, the types of buildings and trading to secure the economics of energy trading were compared. The types of buildings were limited to residential buildings, and the economic efficiency according to energy performance was compared. Because the government has strengthened energy performance regulations, the performance varied depending on the time of construction. Therefore, building types were divided into existing houses, new houses, and zero-energy houses. The trading types were compared to the existing methods, net-metering and feed-in tariff for small-scale distributed PV systems, with P2P trading. Thus, consuming only the amount of electricity in Tier 1 and trading the rest between individuals was the most economical strategy in residential buildings to which the progressive tariff system was applied. As the performance of a building improves, the more electricity that can be traded, and the wider the range for securing economic feasibility. |
| first_indexed | 2024-03-10T18:33:43Z |
| format | Article |
| id | doaj.art-a2d7d202904b4fa59168eeedf2a4ade6 |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-10T18:33:43Z |
| publishDate | 2020-07-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-a2d7d202904b4fa59168eeedf2a4ade62023-11-20T06:27:19ZengMDPI AGEnergies1996-10732020-07-011314356810.3390/en13143568Comparison of Economic Feasibility for Efficient Peer-to-Peer Electricity Trading of PV-Equipped Residential House in KoreaMin Hee Chung0School of Architecture and Building Science, Chung-Ang University, Seoul 06974, KoreaSince the sharing economy emerged as a new paradigm with the development of technology, the global sharing economy market has grown rapidly. In the energy sector, peer-to-peer energy trading is being conducted to share energy produced through renewable energy systems. In this study, in the situation where energy transactions among individuals are expected to expand in the future, the types of buildings and trading to secure the economics of energy trading were compared. The types of buildings were limited to residential buildings, and the economic efficiency according to energy performance was compared. Because the government has strengthened energy performance regulations, the performance varied depending on the time of construction. Therefore, building types were divided into existing houses, new houses, and zero-energy houses. The trading types were compared to the existing methods, net-metering and feed-in tariff for small-scale distributed PV systems, with P2P trading. Thus, consuming only the amount of electricity in Tier 1 and trading the rest between individuals was the most economical strategy in residential buildings to which the progressive tariff system was applied. As the performance of a building improves, the more electricity that can be traded, and the wider the range for securing economic feasibility.https://www.mdpi.com/1996-1073/13/14/3568peer-to-peer electricity tradingphotovoltaic systemprosumerprogressive electricity tariff |
| spellingShingle | Min Hee Chung Comparison of Economic Feasibility for Efficient Peer-to-Peer Electricity Trading of PV-Equipped Residential House in Korea Energies peer-to-peer electricity trading photovoltaic system prosumer progressive electricity tariff |
| title | Comparison of Economic Feasibility for Efficient Peer-to-Peer Electricity Trading of PV-Equipped Residential House in Korea |
| title_full | Comparison of Economic Feasibility for Efficient Peer-to-Peer Electricity Trading of PV-Equipped Residential House in Korea |
| title_fullStr | Comparison of Economic Feasibility for Efficient Peer-to-Peer Electricity Trading of PV-Equipped Residential House in Korea |
| title_full_unstemmed | Comparison of Economic Feasibility for Efficient Peer-to-Peer Electricity Trading of PV-Equipped Residential House in Korea |
| title_short | Comparison of Economic Feasibility for Efficient Peer-to-Peer Electricity Trading of PV-Equipped Residential House in Korea |
| title_sort | comparison of economic feasibility for efficient peer to peer electricity trading of pv equipped residential house in korea |
| topic | peer-to-peer electricity trading photovoltaic system prosumer progressive electricity tariff |
| url | https://www.mdpi.com/1996-1073/13/14/3568 |
| work_keys_str_mv | AT minheechung comparisonofeconomicfeasibilityforefficientpeertopeerelectricitytradingofpvequippedresidentialhouseinkorea |