Peer-to-Peer Energy Trading in the Real World: Market Design and Evaluation of the User Value Proposition
Journal
International Conference on Information Systems (ICIS 2019)
Type
journal article
Date Issued
2019-12
Author(s)
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.
Language
English
HSG Classification
contribution to scientific community
Refereed
Yes
Book title
International Conference on Information Systems (ICIS 2019)
Start page
Paper 1221
Pages
17
Event Title
International Conference on Information Systems (ICIS 2019)
Event Location
Munich
Subject(s)
Eprints ID
259814
File(s)![Thumbnail Image]()
open.access
Name
2516_2019_ICIS_Woerner_P2PTrading.pdf
Size
1.17 MB
Format
Adobe PDF
Checksum (MD5)
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