What is Peer-to-peer (P2P) trading

Nations are facing today the transition to cleaner, more reliable and affordable energy systems where power grids are becoming less centralized, more flexible and digitalized, and where not only power utilities, but also consumers are playing a significant role. Distributed Energy Systems (DES) constitute a key element in such transition, with decentralized renewable energy generation near the consumption points, energy storage, electric vehicles, and energy management systems, with the potential to ensure continuous supply and achieve higher efficiency, while reducing costs and adverse environmental impacts. This chapter presents a review of the recent advances in the design and development of DES, focusing on the effect of taking into consideration the consumption profile and behaviour of the end-users. The chapter also revises the limitations of DES and summarizes the future directions of DES development.