Challenges in Peer-to-Peer Energy Trading Considering Indian Scenario

Energy trading among peers has become the new standard for power systems operating, allowing local energy exchange between individuals. It predicts lowering peak demand, decreasing network loss, and minimizing energy costs while assisting the grid. The concept appears to be promising for the future given that electricity consumption is continuously increasing in a nation like India. This paper described the current status of P2P energy sharing in India. It mainly focused on the challenges such as market establishment, security, cyberattacks, cost, while implementing trading mechanisms. Also, it emphasized the physical and virtual layers challenges in the P2P energy trading network. Further, this article highlighted consumers’ costs and producers’ revenue while participating in P2P energy trading.