Peer-to-peer energy trading in the real world: Market design and evaluation of the user value proposition
Wörner A, Ableitner L, Meeuw A, Wortmann F, Tiefenbeck V (2019)
Publication Type: Conference contribution
Publication year: 2019
Publisher: Association for Information Systems
Conference Proceedings Title: 40th International Conference on Information Systems, ICIS 2019
Event location: Munich, DEU
ISBN: 9780996683197
Abstract
Electricity markets are experiencing a shift to a more decentralized structure with small distributed renewable generation sources like residential photovoltaic systems. Simultaneously, information systems have driven the development of a “sharing economy” also in the electricity sector and can enable previously passive consumers to directly trade solar electricity in local communities. However, it is unclear how such peer-to-peer (P2P) markets should be designed to create value for the user. In a framed field experiment, we design and implement Switzerland's first real-world P2P electricity market in a local community. We examine its value proposition for the users and elicit user preferences by enabling the participants to directly influence buy and sell prices for local solar energy. The collected empirical evidence suggests that the P2P exchange is beneficial for users and provides incentives for generation of renewable energy. The results create valuable insights for the design and diffusion of future energy markets.
Involved external institutions
Eidgenössische Technische Hochschule Zürich (ETHZ) / Swiss Federal Institute of Technology in Zurich
Switzerland (CH)
Universität St.Gallen
Switzerland (CH)
Switzerland (CH)
Universität St.Gallen
Switzerland (CH)
How to cite
APA:
Wörner, A., Ableitner, L., Meeuw, A., Wortmann, F., & Tiefenbeck, V. (2019). Peer-to-peer energy trading in the real world: Market design and evaluation of the user value proposition. In 40th International Conference on Information Systems, ICIS 2019. Munich, DEU: Association for Information Systems.
MLA:
Wörner, Anselma, et al. "Peer-to-peer energy trading in the real world: Market design and evaluation of the user value proposition." Proceedings of the 40th International Conference on Information Systems, ICIS 2019, Munich, DEU Association for Information Systems, 2019.
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