Publication:
Developing Peer-to-Peer (P2P) Energy Trading Model for Malaysia: A Review and Proposed Implementation

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dc.citedby1
dc.contributor.authorHeng Y.B.en_US
dc.contributor.authorRamachandaramurthy V.K.en_US
dc.contributor.authorVerayiah R.en_US
dc.contributor.authorWalker S.L.en_US
dc.contributor.authorid57549248000en_US
dc.contributor.authorid6602912020en_US
dc.contributor.authorid26431682500en_US
dc.contributor.authorid37105142200en_US
dc.date.accessioned2023-05-29T09:41:18Z
dc.date.available2023-05-29T09:41:18Z
dc.date.issued2022
dc.descriptionCoal industry; Costs; Electric industry; Energy policy; Power markets; Solar power generation; Electricity-market structure; Energy trading; Malaysia; Peer to peer; Peer to peer (P2P); Renewable energies; Renewable energy source; Solar photovoltaics; Trading mechanism; Trading models; Renewable energy resourcesen_US
dc.description.abstractA decade ago, Malaysia introduced the Renewable Energy Act 2011. This led to the RE proliferation, especially with the adoption of solar photovoltaics as an alternative energy source for prosumers to generate green energy and reduce their energy costs. Since then, the RE policies have evolved with the introduction of feed-in tariff (FiT) and various version of Net Energy Metering (NEM) schemes. Such initiatives may not be holistic enough to benefit all stakeholders; thus, Malaysia introduced its first pilot P2P energy trading in 2019. However, there was no significant progress to the P2P pilot thereafter, with a Go-to-Market plan. As such, this review proposes a model for P2P energy trading for Malaysia based on several key success factors including the market design, trading mechanism, physical and virtual infrastructure, policy and governance and social. Malaysia's electricity market structure is also compared to South Korea, Germany, Thailand, United Kingdom, and Singapore (ranked in the top 20 Ease of Getting Electricity by World Bank in 2019) to understand the implication of P2P energy trading adoption. Apart from that, this paper also highlights the key technical and non-technical reviews of the P2P energy trading implementation. � 2013 IEEE.en_US
dc.description.natureFinalen_US
dc.identifier.doi10.1109/ACCESS.2022.3161577
dc.identifier.epage33199
dc.identifier.scopus2-s2.0-85127071771
dc.identifier.spage33183
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85127071771&doi=10.1109%2fACCESS.2022.3161577&partnerID=40&md5=27da572c3099d0c7186ab154b02cb25e
dc.identifier.urihttps://irepository.uniten.edu.my/handle/123456789/27230
dc.identifier.volume10
dc.publisherInstitute of Electrical and Electronics Engineers Inc.en_US
dc.relation.ispartofAll Open Access, Gold, Green
dc.sourceScopus
dc.sourcetitleIEEE Access
dc.titleDeveloping Peer-to-Peer (P2P) Energy Trading Model for Malaysia: A Review and Proposed Implementationen_US
dc.typeReviewen_US
dspace.entity.typePublication
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