A Review of Dynamic Pricing and Peer-to-Peer Energy Trading in Smart Cities with Emphasize on Electric Vehicles

There is momentous attention from researchers and practitioners all over the world towards one of the most advanced trends in the world, Smart cities. A smart city is an efficient and sustainable city that offers a superior life quality to all human beings through the optimum management of all its resources. Optimum energy management technique within the smart city is a challenging environment that needs a full focus on basic important needs and supports of the smart city. This includes Smart Grid (SG) infrastructure, Distributed Generation (DG) technology, Smart Home Energy Management System (HEMS), Smart Transportation System (STS), and Energy Storage System (ESS). Out of these five taxonomies, there have been some disputes addressed in profitability and security due to the major involvement of electromobility in the smart transportation system. It creates a big impact on the smart city environment. The disputes in profitability can be effectively handled with the use of dynamic pricing techniques and peer-to-peer (P2P) energy trading mechanisms. On the other hand, security disputes can be overwhelmed by the use of blockchain technology. This paper reviews the energy management-related work on smart cities with the consideration of these basic important needs and supports.