Software deployment

Statistics

Clearing

Common value auction

Microeconomics

Electricity

Energy market

Peer-to-peer

Engineering

Market clearing

Economics

Energy (signal processing)

Finance

Business

Mathematics

Marketing

Operating system

Computer science

Bidding

Distributed computing

Electrical engineering

Trading strategy

Industrial organization

Business model

Sustainability

Peer-to-peer (P2P) energy trading is a promising energy trading mechanism due to the deployment of distributed energy resources in recent years. Trading energy between prosumers and consumers in the local energy market is undergoing massive research and development, paying significant attention to the business model of the energy market. In this paper, an extensive review was conducted on the current research in P2P energy trading to understand the business layer of the energy market concerning business model dimensions: bidding strategies and the market-clearing approach. Different types of game theoretical-based and auction-based market-clearing mechanisms are investigated, including a detailed classification of auctions. This study considers the possibility of employing the P2P technique in developing countries and reviewing existing business models and trading policies. The business layer of the P2P structure plays a vital role in developing an effective trading mechanism based on interactive energy markets.

Business Model of Peer-to-Peer Energy Trading: A Review of Literature