Distributed Energy IoT-Based Real-Time Virtual Energy Prosumer Business Model for Distributed Power Resource

Area of Science:

• Smart energy technologies and sustainable environments.
• Renewable energy integration and intelligent service models.

Background:

• Global development of renewable energy and intelligent service models like the energy prosumer.
• Energy prosumer models facilitate efficient demand management and energy transactions but face challenges in market formation due to high production costs and pricing difficulties.

Purpose of the Study:

• To propose a small-scale, peer-to-peer (P2P) energy transaction model.
• To address the limitations of current energy prosumer models and facilitate practical business applications.

Main Methods:

• Development of a virtual prosumer management system utilizing the existing grid.
• Real-time power system operation without reliance on energy storage systems (ESS).
• Implementation of a P2P energy transaction framework between sellers and buyers.

Main Results:

• Maximized profits for both energy sellers and consumers through P2P transactions.
• Improved return on investment (ROI) for participants in the energy trading model.
• Establishment of an intelligent demand management system.

Conclusions:

• The proposed virtual prosumer model offers a viable solution for P2P energy trading.
• This model overcomes market entry barriers and enhances economic benefits for energy prosumers.
• It contributes to building a sustainable energy environment through efficient resource management.