Social and Economic Value in Emerging Decentralized Energy Business Models: A Critical Review
Autor(a) principal: | |
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Data de Publicação: | 2021 |
Outros Autores: | , , , , , , , , , , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10316/103877 https://doi.org/10.3390/en14237864 |
Resumo: | In recent years, numerous studies have explored the opportunities and challenges for emerging decentralized energy systems and business models. However, few studies have focussed specifically on the economic and social value associated with three emerging models: peer-to-peer energy trading (P2P), community self-consumption (CSC) and transactive energy (TE). This article presents the findings of a systematic literature review to address this gap. The paper makes two main contributions to the literature. Firstly, it offers a synthesis of research on the social and economic value of P2P, CSC and TE systems, concluding that there is evidence for a variety of sources of social value (including energy independence, local benefits, social relationships, environmental responsibility and participation and purpose) and economic value (including via self-consumption of renewable electricity, reduced electricity import costs, and improved electricity export prices). Secondly, it identifies factors and conditions necessary for the success of these models, which include willingness to participate, participant engagement with technology, and project engagement of households and communities, among other factors. Finally, it discusses conflicts and trade-offs in the value propositions of the models, how the three models differ from one another in terms of the value they aim to deliver and some of the open challenges that require further attention by researchers and practitioners. |
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Social and Economic Value in Emerging Decentralized Energy Business Models: A Critical Reviewsocial valueeconomic valuepeer-to-peer electricity tradingcommunity self-consumptiontransactive energyenergy business modelsIn recent years, numerous studies have explored the opportunities and challenges for emerging decentralized energy systems and business models. However, few studies have focussed specifically on the economic and social value associated with three emerging models: peer-to-peer energy trading (P2P), community self-consumption (CSC) and transactive energy (TE). This article presents the findings of a systematic literature review to address this gap. The paper makes two main contributions to the literature. Firstly, it offers a synthesis of research on the social and economic value of P2P, CSC and TE systems, concluding that there is evidence for a variety of sources of social value (including energy independence, local benefits, social relationships, environmental responsibility and participation and purpose) and economic value (including via self-consumption of renewable electricity, reduced electricity import costs, and improved electricity export prices). Secondly, it identifies factors and conditions necessary for the success of these models, which include willingness to participate, participant engagement with technology, and project engagement of households and communities, among other factors. Finally, it discusses conflicts and trade-offs in the value propositions of the models, how the three models differ from one another in terms of the value they aim to deliver and some of the open challenges that require further attention by researchers and practitioners.This publication is part of the work of the Global Observatory on Peer-to-Peer, Community Self-Consumption and Transactive Energy Models (GO-P2P), a Task of the User-Centred Energy Systems Technology Collaboration Programme (Users TCP), under the auspices of the International Energy Agency (IEA). GO-P2P benefits from the support of Australia, Belgium, Ireland, Italy, The Netherlands, Switzerland, the United Kingdom and United States. S.A. is funded by the Australian Renewable Energy Agency (ARENA) as part of ARENA’s International Engagement Program. D.B. is funded by the European Commission Horizon 2020 projects: PROSumers in the Energy Union (PROSEU) grant agreement No. 764056; and grant agreement No. 814945 (SolBio-Rev). J.P.C.Á. is funded by the UK Royal Academy of Engineering through a Transforming Systems through Partnership 20/21 Award (TSP2021/100067). R.C. is funded through UK Research & Innovation grants RES (EP/R007373/1) and EnergyREV (EP/S031863/1). M.J.F. is funded through UK Research and Innovation through the Centre for Research into Energy Demand Solutions, grant reference number EP/R035288/1, and UK Research and Innovation Grant No EP/S031863/1 “Energy Revolution Research Consortium—Core—EnergyREV”, administered by the Engineering and Physical Sciences Research Council (EPSRC). C.J. is funded by UK Research and Innovation through CREDS (EP/R035288/1). M.M. is funded by the Flemish Government through FWO SBO project SNIPPET S007619. N.W. is funded by UK Research and Innovation through the EPSRC Centre for Doctoral Training in Energy Demand (EP/LO1517X/1).MDPI2021info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://hdl.handle.net/10316/103877http://hdl.handle.net/10316/103877https://doi.org/10.3390/en14237864eng1996-1073Adams, SophieBrown, DonalCárdenas Álvarez, Juan PabloChitchyan, RuzannaFell, Michael J.Hahnel, Ulf J. J.Hojckova, KristinaJohnson, CharlotteKlein, LurianMontakhabi, MehdiSay, KelvinSingh, AbhigyanWatson, Nicoleinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-04-05T13:58:34Zoai:estudogeral.uc.pt:10316/103877Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T21:20:38.610879Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Social and Economic Value in Emerging Decentralized Energy Business Models: A Critical Review |
title |
Social and Economic Value in Emerging Decentralized Energy Business Models: A Critical Review |
spellingShingle |
Social and Economic Value in Emerging Decentralized Energy Business Models: A Critical Review Adams, Sophie social value economic value peer-to-peer electricity trading community self-consumption transactive energy energy business models |
title_short |
Social and Economic Value in Emerging Decentralized Energy Business Models: A Critical Review |
title_full |
Social and Economic Value in Emerging Decentralized Energy Business Models: A Critical Review |
title_fullStr |
Social and Economic Value in Emerging Decentralized Energy Business Models: A Critical Review |
title_full_unstemmed |
Social and Economic Value in Emerging Decentralized Energy Business Models: A Critical Review |
title_sort |
Social and Economic Value in Emerging Decentralized Energy Business Models: A Critical Review |
author |
Adams, Sophie |
author_facet |
Adams, Sophie Brown, Donal Cárdenas Álvarez, Juan Pablo Chitchyan, Ruzanna Fell, Michael J. Hahnel, Ulf J. J. Hojckova, Kristina Johnson, Charlotte Klein, Lurian Montakhabi, Mehdi Say, Kelvin Singh, Abhigyan Watson, Nicole |
author_role |
author |
author2 |
Brown, Donal Cárdenas Álvarez, Juan Pablo Chitchyan, Ruzanna Fell, Michael J. Hahnel, Ulf J. J. Hojckova, Kristina Johnson, Charlotte Klein, Lurian Montakhabi, Mehdi Say, Kelvin Singh, Abhigyan Watson, Nicole |
author2_role |
author author author author author author author author author author author author |
dc.contributor.author.fl_str_mv |
Adams, Sophie Brown, Donal Cárdenas Álvarez, Juan Pablo Chitchyan, Ruzanna Fell, Michael J. Hahnel, Ulf J. J. Hojckova, Kristina Johnson, Charlotte Klein, Lurian Montakhabi, Mehdi Say, Kelvin Singh, Abhigyan Watson, Nicole |
dc.subject.por.fl_str_mv |
social value economic value peer-to-peer electricity trading community self-consumption transactive energy energy business models |
topic |
social value economic value peer-to-peer electricity trading community self-consumption transactive energy energy business models |
description |
In recent years, numerous studies have explored the opportunities and challenges for emerging decentralized energy systems and business models. However, few studies have focussed specifically on the economic and social value associated with three emerging models: peer-to-peer energy trading (P2P), community self-consumption (CSC) and transactive energy (TE). This article presents the findings of a systematic literature review to address this gap. The paper makes two main contributions to the literature. Firstly, it offers a synthesis of research on the social and economic value of P2P, CSC and TE systems, concluding that there is evidence for a variety of sources of social value (including energy independence, local benefits, social relationships, environmental responsibility and participation and purpose) and economic value (including via self-consumption of renewable electricity, reduced electricity import costs, and improved electricity export prices). Secondly, it identifies factors and conditions necessary for the success of these models, which include willingness to participate, participant engagement with technology, and project engagement of households and communities, among other factors. Finally, it discusses conflicts and trade-offs in the value propositions of the models, how the three models differ from one another in terms of the value they aim to deliver and some of the open challenges that require further attention by researchers and practitioners. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10316/103877 http://hdl.handle.net/10316/103877 https://doi.org/10.3390/en14237864 |
url |
http://hdl.handle.net/10316/103877 https://doi.org/10.3390/en14237864 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
1996-1073 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.publisher.none.fl_str_mv |
MDPI |
publisher.none.fl_str_mv |
MDPI |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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