Economic analysis of P2P energy trading models in the metropolitan electricity authority area | |
| Author | Piyapong Prachuab |
| Call Number | AIT Thesis no.SE-22-09 |
| Subject(s) | Power systems Energy industries--Thailand Electric meters--Thailand |
| Note | A thesis submitted in partial fulfillment of the requirements for the degree of Master of Engineering Sustainable Energy Transition |
| Publisher | Asian Institute of Technology |
| Abstract | Nowadays, electricity in Thailand is generated mostly from natural gas and coal. Since they are a type of fossil fuel, one of the by-products of their combustion is carbon dioxide. Carbon is going to accumulate over time in the world, leading to global warming and climate change. In an effort to solve this issue, the government implemented the Feed-in Tariff (FiT) program to incentivize people to install additional solar PV systems. However, the government cannot subsidize the program at a high buyback rate. Then, the FiT buyback rate is currently very low and has little effect on people's motivation. Peer-to-peer (P2P) energy trading is a concept that allows prosumers and consumers to directly trade electricity with each other without a set rate like the FiT program. The most notable advantage is that they can sell electricity at a higher rate than the FiT rate and buy it at a lower cost than the retail rate. Additionally, it can benefit the nation as a whole by improving energy security and the environment. One of the critical elements that directly relates to the advantages of participants is a market clearing mechanism. Each mechanism has a unique way of determining the market clearing price (MCP) and market clearing quantity (MCQ). In this study, the energy allocation, energy price, and financial gains of seven mechanisms which are Simple Auction-less, Simple Auction, Vickrey Auction, Pay-as-Bid Auction, Uniform price Auction, Double Auction with Average, and Generalized Second-Price Auction, were examined and compared. According to the findings, Pay-as-Bid in double-sided auction market with strong balanced budget is recommended for short-term and medium-term development, while Simple Auction-less model is for long-term development of P2P energy trading in Thailand. As a result, this method might be able to encourage additional solar PV system installation, which might help the country meet its goals for carbon neutrality and net zero emissions. |
| Year | 2022 |
| Type | Thesis |
| School | School of Environment, Resources, and Development (SERD) |
| Department | Department of Energy and Climate Change (Former title: Department of Energy, Environment, and Climate Change (DEECC)) |
| Academic Program/FoS | Sustainable Energy Transition (SE) |
| Chairperson(s) | Weerakorn Ongsakul |
| Examination Committee(s) | Salam, P. Abdul;BadirYuosre F. M. |
| Scholarship Donor(s) | MEA-AIT Academic Cooperation Program;Asian Institute of Technology Scholarships |
| Degree | Thesis (M. Eng.) - Asian Institute of Technology, 2022 |