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

Alexandra Schneiders, Michael Fell, Colin Nolden

Research output: Working paperWorking paper and Preprints

Abstract

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.
Original languageEnglish
DOIs
Publication statusPublished - 11 Aug 2020

Fingerprint Dive into the research topics of 'Peer-to-Peer Energy Trading and the Sharing Economy: Social, Markets and Regulatory Perspectives'. Together they form a unique fingerprint.

  • Cite this