Trading solar energy within the neighborhood: field implementation of a blockchain-based electricity market

Wörner, Anselma; Meeuw, Arne; Ableitner, Liliane; Wortmann, Felix; Schopfer, Sandro; Tiefenbeck, Verena

doi:10.1186/s42162-019-0092-0

Cited by 38 publications

(24 citation statements)

References 30 publications

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“…A greater reliance on locally produced renewable sources of energy such as electricity produced from solar energy can be very relevant and important for investments and local self-sufficiency with electrical energy, particularly in Central and southern Mediterranean Europe, including in Slovenia [145][146][147][148]. An important factor in electricity markets and electricity consumption can be energy-saving strategies, policies, and practices [149][150][151].…”

Section: Discussionmentioning

confidence: 99%

Electricity Markets during the Liberalization: The Case of a European Union Country

Bojnec

Križaj

2021

Energies

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This paper analyzes electricity markets in Slovenia during the specific period of market deregulation and price liberalization. The drivers of electricity prices and electricity consumption are investigated. The Slovenian electricity markets are analyzed in relation with the European Energy Exchange (EEX) market. Associations between electricity prices on the one hand, and primary energy prices, variation in air temperature, daily maximum electricity power, and cross-border grid prices on the other hand, are analyzed separately for industrial and household consumers. Monthly data are used in a regression analysis during the period of Slovenia’s electricity market deregulation and price liberalization. Empirical results show that electricity prices achieved in the EEX market were significantly associated with primary energy prices. In Slovenia, the prices for daily maximum electricity power were significantly associated with electricity prices achieved on the EEX market. The increases in electricity prices for households, however, cannot be explained with developments in electricity prices on the EEX market. As the period analyzed is the stage of market deregulation and price liberalization, this can have important policy implications for the countries that still have regulated and monopolized electricity markets. Opening the electricity markets is expected to increase competition and reduce pressures for electricity price increases. However, the experiences and lessons learned among the countries following market deregulation and price liberalization are mixed. For industry, electricity prices affect cost competitiveness, while for households, electricity prices, through expenses, affect their welfare. A competitive and efficient electricity market should balance between suppliers’ and consumers’ market interests. With greening the energy markets and the development of the CO2 emission trading market, it is also important to encourage use of renewable energy sources.

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Section: Discussionmentioning

confidence: 99%

Electricity Markets during the Liberalization: The Case of a European Union Country

Bojnec

Križaj

2021

Energies

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“…Blockchain is a commonly used technology in P2P energy trading schemes, as evidenced by a range of pilots across the world (e.g., Quartierstrom in Switzerland [17][18][19], Brooklyn Microgrid in the United States [20][21][22], Lyon Confluence in France [23]). A common denominator in these pilots is that participants set basic parameters indicating the price and quantity of energy they are willing to buy/sell, usually via a mobile app (see Figure 1 below).…”

Section: Blockchain and Energymentioning

confidence: 99%

Community Energy Groups: Can They Shield Consumers from the Risks of Using Blockchain for Peer-to-Peer Energy Trading?

Schneiders

Shipworth

2021

Energies

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Peer-to-peer (P2P) energy trading is emerging as a new mechanism for settling the exchange of energy between renewable energy generators and consumers. P2P provides a mechanism for local balancing when it is facilitated through distributed ledgers (‘blockchains’). Energy communities across Europe have uncovered the potential of this technology and are currently running pilots to test its applicability in P2P energy trading. The aim of this paper is to assess, using legal literature and legislation, whether the legal forms available to energy communities in the United Kingdom (UK) can help resolve some of the uncertainties around the individual use of blockchain for P2P energy trading. This includes the legal recognition of ‘prosumers’, the protection of their personal data, as well as the validity of ‘smart contracts’ programmed to trade energy on the blockchain network. The analysis has shown that legal entities, such as Limited Liability Partnerships and Co-operative Societies, can play a crucial role in providing the necessary framework to protect consumers engaging in these transactions. This is particularly the case for co-operatives, given that they can hold members liable for not respecting the rules set out in their (compulsory) governing document. These findings are relevant to other European countries, where the energy co-operative model is also used.

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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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Trading solar energy within the neighborhood: field implementation of a blockchain-based electricity market

Cited by 38 publications

References 30 publications

Electricity Markets during the Liberalization: The Case of a European Union Country

Electricity Markets during the Liberalization: The Case of a European Union Country

Community Energy Groups: Can They Shield Consumers from the Risks of Using Blockchain for Peer-to-Peer Energy Trading?

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

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