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17 Oct 2024

Energy

P2P energy trading may help reduce electricity costs in Thailand (Current Issue No.3525)

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P2P energy trading may help reduce electricity costs in Thailand

Peer-to-Peer (P2P) energy trading is a system that allows small-scale energy producers and consumers (prosumers) to trade energy directly with each other, decentralizing energy generation and distribution. This research examines P2P energy trading models and weighs the advantages and disadvantages of implementing this energy management system in Thailand.
  • The current payback period for new solar power systems in Thailand is estimated to be between 4 and 8 years.
  • Implementing P2P systems could help reduce electricity bills for consumers by 8.9 to 30 percent per year. However, the high costs of installing equipment such as solar panels and developing community trading platforms pose a significant obstacle for wide scale adoption.
  • Establishment of new regulations, reduction in cost of batteries, and technological advancements remain key challenges for the implementation of P2P systems in Thailand.

Energy

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