Workshop: How can P2P energy trading be an enabler for Local Energy Communities
P2P energy trading - good practices exchange
Peer-to-Peer (P2P) energy trading represents direct energy trading between peers, where energy from small-scale Distributed Energy Resources (DERs) is traded among local energy prosumers and consumers.
Sharing electrons directly with peers sounds revolutionary, but why do it in the first place? Would it help the grid and the entire energy system?
The workshop will :
1) Identify the opportunities and limitations of the P2P energy trading through a best practice exchange. Based on that exchange, discussing the further, sustainable grid development that allows for P2P participation
2) Discuss the EU regulatory framework needed for the further development of the P2P energy trading in Europe
3) Identify the most suitable channels for communicating the regulatory needs to the national and European regulators
Examples of good practices presented during the first part of the workshop:
Examples/Potential good practices:
1) Pylon Network
A team of Spanish engineers developing a Blockchain based platform to enable renewable energy co-ops to exchange the power they generate.
2) Repowering London & Verv https://communityenergyengland.org/news/repowering-london-and-verv-have-performed-uk-s-first-blockchain-powered-p2p-energy-trading-pilot
Repowering London in partnership with Verv have executed the ‘first’ peer to peer trade in the UK using blockchain technology. This took place within the so-called ‘regulatory sandbox’ and is not something that would be possible under current regulatory arrangements in the UK.
3) Energy Local http://www.energylocal.co.uk/
A community energy scheme in the UK which is an example of a ‘local balancing tariff’ where consumers are offered a tariff based on the production of a local hydro facility.
4) Cornwall Local Energy Market https://www.centrica.com/innovation/cornwall-local-energy-market
This is a UK innovation project looking to develop a pseudo-peer to peer marketplace for both energy and flexibility in Cornwall in the south west of England.