Peer-to-peer Energy Market incentivizing Energy Efficiency for Local Energy Communities in Austria

Local communities are increasingly embracing peer-to-peer energy trading as a workable approach to facilitating direct energy trade, advancing renewable energy integration, and democratizing the energy market. An overview of previous studies’ findings on performance enhancement, the impact on the physical energy network, and the development of energy-exchange systems has been made available. However, there is little discussion of pricing competence and energy efficiency in peer-to-peer trading in local energy communities, which this paper aims to do. The implementation requirements of Austrian rules for peer-to-peer energy accounting are especially examined in this article. It investigates the effects of adopting peer-to-peer trade in local communities on the grid parameters and offers analysis and insights into this effect. The need of efficient trading algorithms for maximizing the potential of peer-to-peer energy trading is also highlighted in the article.