Is peer-to-peer electricity trading empowering users? Evidence on motivations and roles in a prosumer business model trial in Australia

Wilkinson, Sam; Hojčková, Kristina; Eon, Christine; Morrison, Gregory M.; Sandén, Björn A.

doi:10.1016/j.erss.2020.101500

Cited by 89 publications

(62 citation statements)

References 85 publications

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“…The system building role of users in breaking down the existing regime during the energy transition has been proposed by Schot, et al [57]. However, these changes are focused on multi-decadal transition dynamics and do not pay sufficient attention to the micro dynamics and agency of the users associated with innovations at the local scale [58]. In situations where niche innovations such as rooftop PV are breaking through into a phase of wide dispersion within the sociotechnical regime, further research should be undertaken into how long-range theories can be augmented by shorter-range theories with finer granularity.…”

Section: Strengths and Weaknesses Of The Mlp And Tepmentioning

confidence: 99%

Rooftop PV and the Renewable Energy Transition; a Review of Driving Forces and Analytical Frameworks

2021

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Rooftop solar photovoltaics (PV) are accelerating the transition towards low carbon electricity systems in many countries, particularly in Australia. This review paper provides an overview of the (1) technical, (2) economic, (3) socio-political, and (4) regulatory and institutional aspects that should be considered concurrently when navigating the transition towards a rooftop PV-dominated electricity system. We consider the suitability of two prominent long-range transitions theories for understanding the importance and interaction of elements within these four aspects during the transition. The multi-level perspective (MLP) of transitions theory is considered best suited for this task as it addresses fundamental shifts in the socio-technical systems, rather than being weighted towards technological and/or economic solutions. We find that relatively little research has been undertaken where the renewable energy transition is being driven by the uptake of rooftop PV within the distribution network of established islanded electricity systems. These islanded electricity systems will be the first to experience system impacts from high levels of rooftop PV. This review provides further analysis of important gaps in understanding the rooftop-PV-led energy transition and the implications for policy makers in maintaining stable electricity supplies during the transition.

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Section: Strengths and Weaknesses Of The Mlp And Tepmentioning

confidence: 99%

Rooftop PV and the Renewable Energy Transition; a Review of Driving Forces and Analytical Frameworks

2021

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“…End customer value − Autarky, self-sufficiency, or independence of energy supply [11][12][13][14][15][16][17] − Autonomy [11,15,[18][19][20][21][22][23] − Green energy [13,15,24] − Lower electricity costs [22][23][24][25][26] − Positive attitude to regionality [13,19,20,22,23] − Sense of community identity [27] − Intangible returns (built upon the notion of togetherness, friendship, love, solidarity, and different ways of bonding with others) [28,29] − Responsibility to future generation [15] − Sustainable lifestyle [21] − Desire for greater agency (active participation) in the energy transition [13,21,30,31] − Social comparison [13,15,30] − Perceived importance of shared generation and consumption and easy implementation [20] Business value − Make electricity less expensive, including making renewable energy more profitable and "supporting new and better mechanisms for return-on-investment beyond government subsidies" [13,[21]…”

Section: Levels Of Value Generation Type Of Value Referencesmentioning

confidence: 99%

An Ecosystem View of Peer-to-Peer Electricity Trading: Scenario Building by Business Model Matrix to Identify New Roles

et al. 2021

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This article introduces new roles in future peer-to-peer electricity trading markets. Following a qualitative approach, firstly, the value network of the current electricity market is presented. To do so, service streams, critical roles, activities, and their setting in the electricity market are identified. Secondly, in order to identify the main sources of uncertainty, the business model matrix framework is utilized to analyze peer-to-peer electricity trading. Thirdly, four future scenarios are built based on user involvement and customer ownership. The outcome of the scenario building is the emergence of new roles, brokers, and representatives in the future peer-to-peer electricity markets. Fourth, based on the four future scenarios, changes in the value network, new roles, and emerging/evolving activities are identified. Finally, the two new roles are discussed from grid structure, security and privacy, legal, and data protection perspectives. The data is gathered by conducting semi-structured interviews with stakeholders in the current electricity market as well as potential disruptors. This article elaborates on the configuration of the value network in the electricity market and highlights the changes that peer-to-peer trading imposes to the status quo. Through the outcomes of the value network analysis, it assists policy makers to consider the requirements and current market players to reconsider their business models.

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“…An energy retailer, Synergy, provided the peers with consolidated electricity bills and was in charge of purchasing any excess local generation and of meeting any residual demand. Notably, the presence of high fixed daily charges discouraged to some extent the participation in the sandbox by local households (Wilkinson et al, 2020).…”

Section: I1 Peer-to-peer Transactionsmentioning

confidence: 99%

A New World for Electricity Transactions: Peer-to-Peer and Peer-to-X

Glachant

Rossetto

2021

SSRN Journal

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Peer-to-peer and peer-to-X open a new world of transactions in the electricity sector. This world is characterised by the active involvement of new players, both small in size and nonprofessional in nature, and by new combinations of the activities carried out behind and in front of the meter. Peer-to-peer refers to transactions in which both the seller and the buyer are small in size and non-professional, whereas peer-to-X refers to transactions where only the seller is small and non-professional while the buyer is a different type of actor. Observations from the world of practice reveal the existence of multiple forms of peer-to-peer and peer-to-X transactions. The first part of this contribution illustrates those variants, by providing a sample of concrete implementation cases coming from liberalised electricity systems. The review shows the importance of three components that are essential to the functioning of this new world of transactions and which are discussed in the second part of the contribution. They are: a) the transaction loop, as small players cannot sell or buy from other peers so easily; b) the pricing mechanism, as existing wholesale and retail markets exert pressure on incentives for activating peers; and c) the delivery loop, as peers must deliver via existing grids and system operators, except when trading entirely within private networks.

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Is peer-to-peer electricity trading empowering users? Evidence on motivations and roles in a prosumer business model trial in Australia

Cited by 89 publications

References 85 publications

Rooftop PV and the Renewable Energy Transition; a Review of Driving Forces and Analytical Frameworks

Rooftop PV and the Renewable Energy Transition; a Review of Driving Forces and Analytical Frameworks

An Ecosystem View of Peer-to-Peer Electricity Trading: Scenario Building by Business Model Matrix to Identify New Roles

A New World for Electricity Transactions: Peer-to-Peer and Peer-to-X

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