Poly(3,4-ethylenedioxythiophene):polystyrene sulfonate (PEDOT:PSS) has been mostly used as a counter electrode to give a high performance of dye-sensitized solar cell (DSSC). Recently, PEDOT doped by carrageenan, namely PEDOT:Carrageenan, was introduced as a new material to be applied on DSSC as an electrolyte. PEDOT:Carrageenan has a similar synthesis process as PEDOT:PSS, owing to their similar ester sulphate (-SO3H) groups in both PSS and carrageenan. This review provides an overview of the different roles between PEDOT:PSS as a counter electrode and PEDOT:Carrageenan as an electrolyte for DSSC applications. The synthesis process and characteristics of PEDOT:PSS and PEDOT:Carrageenan were also described in this review. In conclusion, we found that the primary role of PEDOT:PSS as a counter electrode is to transfer electrons back to cell and accelerate redox reaction with its superior electrical conductivity and high electrocatalytic activity. PEDOT:Carrageenan as an electrolyte has not shown the main role for regenerating the dye sensitized at the oxidized state, probably due to its low ionic conductivity. Therefore, PEDOT:Carrageenan still obtained a low performance of DSSC. Additionally, the future perspective and challenges of using PEDOT:Carrageenan as both electrolyte and counter electrode are described in detail.