Peer-to-Peer energy trading is a novel paradigm of power system operation, where people can generate their own energy from Renewable Energy Sources in dwellings, offices, factories or communities and share it with each other locally.
Power-to-Heat defines the conversion of electrical energy into heat. The purpose of such systems is to utilize excess electricity generated by renewable energy sources which would otherwise curtailed. Power-to-Heat systems are hybrid systems and when there is an excess of energy the heat production can result from electric energy otherwise the traditional heating system will be used. In order to increase flexibility power-to-heat systems are often coupled with heat accumulators.