Schneiders, Alexandra;
Fell, Michael J;
Nolden, Colin;
(2022)
Peer-to-peer electricity trading and the sharing economy: social, markets and regulatory perspectives.
Energy Sources, Part B: Economics, Planning, and Policy
pp. 1-17.
10.1080/15567249.2022.2050849.
(In press).
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Abstract
Peer-to-peer (P2P) electricity 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 supply could have far-reaching implications for individuals and the grid. This paper raises considerations and questions from social, market design and regulatory points of view, which should be understood and addressed by societies and policymakers. It does this by considering under what circumstances it is reasonable to conceptualize P2P electricity 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.
| Type: | Article |
|---|---|
| Title: | Peer-to-peer electricity trading and the sharing economy: social, markets and regulatory perspectives |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1080/15567249.2022.2050849 |
| Publisher version: | https://doi.org/10.1080/15567249.2022.2050849 |
| Language: | English |
| Additional information: | © 2022 The Author(s). Published with license by Taylor & Francis Group, LLC. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. |
| Keywords: | Peer-to-peer electricity trading, P2P, sharing economy, collaborative economy |
| UCL classification: | UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Bartlett School Env, Energy and Resources UCL > Provost and Vice Provost Offices > UCL BEAMS UCL |
| URI: | https://discovery-pp.ucl.ac.uk/id/eprint/10146471 |
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