Business model and market design for local digitalized electricity trading: Several insights from the NEMoGrid project

Author/s Barbara Antonioli Mantegazzini
Publishing Year 2020 Issue 2019/2 Language English
Pages 20 P. 5-24 File size 295 KB
DOI 10.3280/EFE2019-002001
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The increasing role of renewables, together with the escalation of digital technologies and the pressure for a more active role of consumers and prosumers, are the natural basis for the development of Local Electricity Markets (LEM). The goal of this paper is to contribute to the current debate on LEM, drafting several proposals about key issues to be considered in outlining the LEM business model and market design. We take advantage of the ongoing project "NEMoGrid", which aims at defining and validating a prototype of LEM by integrating local PVs generation into the grid and with a peer-to-peer trading scheme. Transactions are settled on the Ethereum blockchain and the LEM is validated through onsite tests in Switzerland. Such tests are still running, therefore we use preliminary findings to make our suggestions, also highlighting several caveats and policy complexities. Keywords: local energy markets, peer-to-peer, renewable energy sources, electricity market design, electricity business models.

Jel codes: D40, D47, Q41, Q42

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  • Energy communities in Europe: An overview of issues and regulatory and economic solutions Barbara Antonioli Mantegazzini, Cédric Clastres, Laura Wangen, in ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT 2/2023 pp.5
    DOI: 10.3280/EFE2022-002001

Barbara Antonioli Mantegazzini, Business model and market design for local digitalized electricity trading: Several insights from the NEMoGrid project in "ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT" 2/2019, pp 5-24, DOI: 10.3280/EFE2019-002001