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Peer‐to‐peer (P2P) energy trading is expected to be emerged as a new energy management paradigm that allows the transaction of energy from one prosumer to another prosumer without any dependency on a central controller. In Malaysia, first pilot test of P2P trading has been conducted recently, which exclusively participated by industrial prosumers and commercial consumers only. In order to investigate the impact of P2P energy trading to Malaysia market, this paper proposes an auction‐based two‐stage P2P trading market‐clearing strategy, for multi‐cities and intra‐city in Malaysia. A motivational game theory‐based price scheme is presented to ensure an unbiased market operation, to maximize the saving and payoff for each prosumer, at the same time benefits the power utility company. The proposed two‐stage market clearing model is solved by Linear Programming optimization approach. A realistic representation of P2P trading in Malaysia is constructed and tested out under multi‐cities and intra‐city energy trading test cases. Comparison between the proposed P2P energy trading with existing solar generation net metering scheme is also presented. The numerical results indicate the viability and potential of motivational game theory based P2P trading in future Malaysia transactive energy market.

Biomass is one of the most versatile sustainable energy sources. This versatility allows utilization of different biomass feedstock using a verity of conversion techniques. Often, a biomass‐to‐bioenergy conversion method is selected depending on the application, end‐use product, and the type of feedstock. In many applications such as residential energy supply, it is possible to select amongst various technologies. Although, there exist several challenges such as cost‐effectiveness and sustainability that constrains bioenergy development. To this end, this research elaborates on the impacts of different conversion methods on techno‐economic performance of bioenergy systems for residential energy supply. In this context, Organic Rankine Cycle based on direct combustion, and Dual Fluidized‐Bed technology based on gasification were selected for that purpose. A techno‐economic comparative analysis illustrates that the primary product of the system and fuel cost are the two most important factors in feasibility assessment. The negative impact of feedstock price was more severe on the Organic Rankine Cycle. For wood chips prices below 55$/t, Organic Rankine Cycle could be the better option due to lower capital and maintenance costs. In contrast, Dual Fluidized‐Bed could better tolerate the variation of feedstock price; offering 8% lower cost of energy at 65$/t wood chips.