Peer-to-peer trading is a next-generation energy management technique that economically benefits proactive consumers (prosumers) transacting their energy as goods and services. At the same time, peer-to-peer energy trading is also expected to help the grid by reducing peak demand, lowering reserve requirements, and curtailing network loss. However, large-scale deployment of peer-to-peer trading in electricity networks poses a number of challenges in modeling transactions in both the virtual and physical layers of the network. As such, this article provides a comprehensive review of the state-of-the-art in research on peer-to-peer energy trading techniques. By doing so, we provide an overview of the key features of peer-to-peer trading and its benefits of relevance to the grid and prosumers. Then, we systematically classify the existing research in terms of the challenges that the studies address in the virtual and the physical layers. We then further identify and discuss those technical approaches that have been extensively used to address the challenges in peer-to-peer transactions. Finally, the paper is concluded with potential future research directions.

Cellulosic paper and oil insulation in a transformer degrade at higher operating temperatures. Degradation is accelerated in the presence of oxygen and moisture. Power transformers being expensive items need to be carefully monitored throughout their operation. Well established time-based maintenance and conservative replacement planning is not feasible in a current market driven electricity industry. Condition based maintenance and online monitoring are now gaining importance. Currently there are varieties of chemical and electrical diagnostic techniques available for insulation condition monitoring of power transformers. This paper presents a description of commonly used chemical diagnostics techniques along with their interpretation schemes. A number of new chemical techniques are also described in this paper. A number of electrical diagnostic techniques have gained exceptional importance to the utility professionals. Among these techniques polarisation/depolarisation current measurement, return voltage measurement and frequency domain dielectric spectroscopy at low frequencies are the most widely used. This paper describes analyses and interpretation of these techniques for transformer insulation condition assessment.

Peer-to-peer (P2P) energy trading has emerged as a next-generation energy-management mechanism for the smart grid that enables each prosumer (i.e., an energy consumer who also produces electricity) of the network to participate in energy trading with other prosumers and the grid. This poses a significant challenge in terms of modeling the decisionmaking process of the participants' conflicting interests and motivating prosumers to participate in energy trading and cooperate, if necessary, in achieving different energy-management goals. Therefore, such a decisionmaking process needs to be built on solid mathematical and signal processing principles that can ensure an efficient operation of the electric power grid. This article provides an overview of the use of game-theoretic approaches for P2P energy trading as a feasible and effective means of energy management. Various game- and auction-theoretic approaches are discussed by following a systematic classification to provide information on the importance of game theory for smart energy research. This article also focuses on the key features of P2P energy trading and gives an introduction to an existing P2P testbed. Furthermore, the article gives specific game- and auction-theoretic models that have recently been used in P2P energy trading and discusses important findings arising from these approaches.

Over the last decade, many power systems have significantly changed with the proliferation of renewable generation sources, such as wind and solar photovoltaic. Due to their variability and nonsynchronous nature, new challenges and complexities have emerged regarding operational security of modern power systems. The 2016 South Australia (SA) blackout was the first known blackout due to such a high renewable situation. An official report has recently been published to review the causes and provide the corresponding recommendations for improvement of network operation, control, and security. However, there are still a number of critical issues and debates which remain unsolved, such as network bottleneck identification, overvoltage explanation, pole slip concern, frequency dip mystery, and frequency/voltage instability debate. In this paper, based on the reconstruction of the event, these unsettled issues are prudently analyzed to unveil their root causes. In addition, an innovative scheme is proposed to prevent the blackout by identifying the network separation at an early stage. This research will not only further advance the understanding of the 2016 SA blackout, but also will provide valuable guidelines for the management of future renewable-rich networks.