The digitalization of peer-to-peer electricity trading in energy communities

One of the motivating factors for developing energy communities is to create an opportunity for peer-to-peer trading among the members. Smart meters, Internet of Things devices, distributed ledger, and digitalization enable energy communities based on renewable energy production to thrive. The local energy market participants can trade energy and provide services to the upstream distribution and transmission system operators. This chapter introduces the local energy market concept describing enabling technologies. A laboratory-scale local energy community operated by P2P and blockchain is used to show the feasibility and benefits of this new technology.