Expert Recommendations on Energy Trading Market Models using the AHP model

Abstract

In this paper, we investigate how experts evaluate peer-to-peer (P2P), community self-consumption (CSC), and transactive energy (TE) market models compared to a traditional market model. The different models are evaluated on their capacities to generate different types of values in the electricity market. To facilitate the evaluations, we adopted the Analytic Hierarchy Process (AHP). The AHP is a quantitative multiple criteria decision-making tool facilitating experts to make a difficult choice between various options along a set of distinct evaluation criteria by a sequence of pairwise comparisons. So far, the AHP has not yet been applied in the context of energy transaction markets. Results show that experts prefer the community self-consumption and transactive energy market models because they might be most successful in generating green energy. These results help policy makers to better understand the heterogeneous capacities of the market models.