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Practical perspectives on local energy market theory: the impact of technological innovations
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| 1.13 MB | Adobe PDF |
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Orientador(es)
Resumo(s)
The advancement of Local Energy Markets (LEMs) signals a transformative change in the
electricity sector towards decentralized renewable energy. They reduce dependence on traditional
energy suppliers by providing an innovative market platform for participants to trade their locally
generated renewable energy. A structured literature review provides an overview of current
research. However, this review of extant literature has unveiled significant gaps between theory
and real-world application of LEMs. To bridge these gaps, interviews with both, leading
researchers and industry experts were conducted and synthesized with insights from literature.
This synthesis across four key domains revealed two main tensions that hamper effective
implementation of LEMs. First, there is a trade-off between complexity and simplicity. While
model intricacy augments efficiency in theory, simplicity is a main driver for adoption of end users. The second tension addresses the issue of initiating LEMs in practice. While consumers are
not actively engaging in important decision-making and lack empowerment, current regulations
struggle to provide frameworks and incentives that enable, promote, or facilitate the adoption of
LEMs. Subsequently, derived implications for service design, business strategy and policymakers
serve as baseline for practical recommendations. Concluding, LEMs' widespread implementation
may be a decade away but their potential to contribute to a sustainable energy future is prominent.
Descrição
Palavras-chave
Local energy markets Peer-to-peer trading Decentralized energy Renewable energy integration