Energy Cooperatives: A Missing Piece of the Peer-to-Peer Energy Regulation Puzzle?

Schneiders, Alexandra; Shipworth, David

doi:10.2139/ssrn.3252486

Cited by 6 publications

(6 citation statements)

References 12 publications

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“…Simulation and algorithm optimisation techniques were also used to enhance the effectiveness of P2P energy trading [13]. The blockchain technology helped obtain a replicable data structure that could be shared among members, allowing transparent, decentralised, and secured P2P network energy trading [42].…”

Section: Research Objectives and Approaches To P2p Energy Trading Res...mentioning

confidence: 99%

“…Blockchain helps obtain a data structure that is replicable and that can be shared with members, thus allowing transparent, decentralised, and secured P2P network energy trading. In the study of Schneiders and Shipworth [42], for example, the UK was considered as an example to determine if UK-based energy communities are able to address the uncertainties concerning individual energy consumers using blockchain for P2P energy trading.…”

Section: Research Objectives and Approaches To P2p Energy Trading Res...mentioning

confidence: 99%

“…The recent EU Directive 2018/2001 concerning the use of renewable energy defines P2P trading of renewable energy for the first time and stipulates that market participants can engage in the sale of renewable energy through a contract with predetermined conditions concerning automated transaction execution and settlement, directly between market participants or indirectly via a certified third-party market participant including an aggregator [99]. While blockchain platforms enhance system security by applying a time stamp that makes data manipulation challenging, there is still a lack of legal clarification on how the recent General Data Protection Regulation (GDPR) applies to blockchains, putting users' privacy at risk [42]. Urgent regulatory frameworks must be promulgated to address this issue.…”

Section: Key Components Of P2p Energy Tradingmentioning

confidence: 99%

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A Case Study of Existing Peer-to-Peer Energy Trading Platforms: Calling for Integrated Platform Features

Shan,

Yang,

Becerra

et al. 2023

Sustainability

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The emergence of distributed energy has led to a change in the role of the consumer in the traditional sense over the past decade. The proliferation of emerging generators and distributors has created opportunities for a more decentralised and open energy market. In particular, the emergence of peer-to-peer (P2P) energy trading models, challenged by the surge in demand for sustainable energy, has eliminated the need for intermediaries in energy transactions between consumers, producers, and sellers. Due to the great promise of sustainable energy, both in terms of its contribution to the environment and production costs, this paper reviews a number of well-known P2P energy trading platforms to understand what makes P2P energy trading platforms more functional. As a result, areas for consideration were identified and grouped into five themes: (1) set-up, (2) market, (3) information, (4) price, and (5) regulation.

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Section: Research Objectives and Approaches To P2p Energy Trading Res...mentioning

confidence: 99%

Section: Research Objectives and Approaches To P2p Energy Trading Res...mentioning

confidence: 99%

Section: Key Components Of P2p Energy Tradingmentioning

confidence: 99%

See 1 more Smart Citation

A Case Study of Existing Peer-to-Peer Energy Trading Platforms: Calling for Integrated Platform Features

Shan,

Yang,

Becerra

et al. 2023

Sustainability

View full text Add to dashboard Cite

show abstract

“…There is a lack of legal clarity on many issues such as the legal recognition of prosumers, the protection of personal data, as well as the legal validity of smart contracts, although some existing legal forms (e.g. the 'Co-operative Society' and 'Limited Liability Partnership' in the UK) could play some roles [75]. Efforts have been made to explore the legal and regulation framework needed for P2P energy trading, through setting sandboxes (e.g.…”

Section: A P2p Energy Tradingmentioning

confidence: 99%

Application of Distributed Ledger Technology in Distribution Networks

et al. 2022

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“…Due to facilitating consumer-to-consumer (C2C) transactions, platform companies hosting P2P energy trading markets will be responsible for ensuring that rules such as those in consumer protection legislation are met (Schneiders and Shipworth 2018). This is particularly important, since it is difficult to imagine how trust-creating (and safety-enhancing) systems found in P2P platforms such as Uber/Airbnb, for instance user and provider ratings, can work in a P2P energy trading context (i.e.…”

Section: Tradingmentioning

confidence: 99%

Peer-to-Peer Energy Trading and the Sharing Economy: Social, Markets and Regulatory Perspectives

Schneiders¹,

Fell²,

Nolden³

2020

Preprint

Self Cite

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Peer-to-peer (P2P) energy trading is a new data-driven business model currently being trialed within the energy sector. Introducing P2P transactions to an essential service such as energy could have far-reaching implications for individuals and the grid. This paper raises considerations and questions from social, economic/markets and regulatory points of view, that should be understood and addressed by societies and policymakers. It does this by considering under what circumstances it is reasonable to conceptualize P2P energy trading as part of the sharing economy, and drawing parallels to the sharing economy experience in other sectors. In order to reap the full societal benefits, while avoiding considerable risks to infrastructure and individuals, a policy approach promoting dialogue and innovation is necessary. We suggest the regulatory sandbox is the most appropriate tool to achieve this and would help avoid the breakdown of trust between policymakers and platform companies observed in other sectors.

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Energy Cooperatives: A Missing Piece of the Peer-to-Peer Energy Regulation Puzzle?

Cited by 6 publications

References 12 publications

A Case Study of Existing Peer-to-Peer Energy Trading Platforms: Calling for Integrated Platform Features

A Case Study of Existing Peer-to-Peer Energy Trading Platforms: Calling for Integrated Platform Features

Application of Distributed Ledger Technology in Distribution Networks

Peer-to-Peer Energy Trading and the Sharing Economy: Social, Markets and Regulatory Perspectives

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