The promise of peer-to-peer trading? The potential impact of blockchain on the actor configuration in the Dutch electricity system

M.C. Buth (Corresponding author), A.J. Wieczorek, G.P.J. Verbong

Onderzoeksoutput: Bijdrage aan tijdschriftTijdschriftartikelAcademicpeer review

1 Citaat (Scopus)

Uittreksel

This paper considers the potential of blockchain technology to empower distributed and decentralized local electricity markets. Although blockchain has gained considerable attention in the last few years as a facilitator for new electricity markets, no attention has yet been given to its potential influence on the configuration of the actors in the electricity system and its ability to transform the existing system. Based on a social network analysis, this paper investigates how blockchain can influence the actor configuration of the electricity system in the Netherlands. After describing the Dutch system, we compare the existing with the potential future system’ actor configuration and the corresponding expected shifts in functions and network position of the actors. We conclude that although many functions are likely to remain and new central authorities may be formed, the impact of blockchain does not seem to be as disruptive and decentralizing as may be expected. This study provides first contributions to the ongoing discussion about the potential of blockchain to disrupt and reshape the electricity system.

TaalEngels
Pagina's194-205
Aantal pagina's12
TijdschriftEnergy Research and Social Science
Volume53
DOI's
StatusGepubliceerd - 1 jul 2019

Vingerafdruk

electricity
Electricity
Electric network analysis
market
network analysis
social network
Netherlands
Power markets
ability

Trefwoorden

    Citeer dit

    @article{752dc041bec842fa9a0e9c336e73e243,
    title = "The promise of peer-to-peer trading? The potential impact of blockchain on the actor configuration in the Dutch electricity system",
    abstract = "This paper considers the potential of blockchain technology to empower distributed and decentralized local electricity markets. Although blockchain has gained considerable attention in the last few years as a facilitator for new electricity markets, no attention has yet been given to its potential influence on the configuration of the actors in the electricity system and its ability to transform the existing system. Based on a social network analysis, this paper investigates how blockchain can influence the actor configuration of the electricity system in the Netherlands. After describing the Dutch system, we compare the existing with the potential future system’ actor configuration and the corresponding expected shifts in functions and network position of the actors. We conclude that although many functions are likely to remain and new central authorities may be formed, the impact of blockchain does not seem to be as disruptive and decentralizing as may be expected. This study provides first contributions to the ongoing discussion about the potential of blockchain to disrupt and reshape the electricity system.",
    keywords = "Actor configuration, Blockchain, Decentralization, Electricity, Energy, Social network analysis, Transition",
    author = "M.C. Buth and A.J. Wieczorek and G.P.J. Verbong",
    year = "2019",
    month = "7",
    day = "1",
    doi = "10.1016/j.erss.2019.02.021",
    language = "English",
    volume = "53",
    pages = "194--205",
    journal = "Energy Research and Social Science",
    issn = "2214-6296",
    publisher = "Elsevier",

    }

    The promise of peer-to-peer trading? The potential impact of blockchain on the actor configuration in the Dutch electricity system. / Buth, M.C. (Corresponding author); Wieczorek, A.J.; Verbong, G.P.J.

    In: Energy Research and Social Science, Vol. 53, 01.07.2019, blz. 194-205.

    Onderzoeksoutput: Bijdrage aan tijdschriftTijdschriftartikelAcademicpeer review

    TY - JOUR

    T1 - The promise of peer-to-peer trading? The potential impact of blockchain on the actor configuration in the Dutch electricity system

    AU - Buth,M.C.

    AU - Wieczorek,A.J.

    AU - Verbong,G.P.J.

    PY - 2019/7/1

    Y1 - 2019/7/1

    N2 - This paper considers the potential of blockchain technology to empower distributed and decentralized local electricity markets. Although blockchain has gained considerable attention in the last few years as a facilitator for new electricity markets, no attention has yet been given to its potential influence on the configuration of the actors in the electricity system and its ability to transform the existing system. Based on a social network analysis, this paper investigates how blockchain can influence the actor configuration of the electricity system in the Netherlands. After describing the Dutch system, we compare the existing with the potential future system’ actor configuration and the corresponding expected shifts in functions and network position of the actors. We conclude that although many functions are likely to remain and new central authorities may be formed, the impact of blockchain does not seem to be as disruptive and decentralizing as may be expected. This study provides first contributions to the ongoing discussion about the potential of blockchain to disrupt and reshape the electricity system.

    AB - This paper considers the potential of blockchain technology to empower distributed and decentralized local electricity markets. Although blockchain has gained considerable attention in the last few years as a facilitator for new electricity markets, no attention has yet been given to its potential influence on the configuration of the actors in the electricity system and its ability to transform the existing system. Based on a social network analysis, this paper investigates how blockchain can influence the actor configuration of the electricity system in the Netherlands. After describing the Dutch system, we compare the existing with the potential future system’ actor configuration and the corresponding expected shifts in functions and network position of the actors. We conclude that although many functions are likely to remain and new central authorities may be formed, the impact of blockchain does not seem to be as disruptive and decentralizing as may be expected. This study provides first contributions to the ongoing discussion about the potential of blockchain to disrupt and reshape the electricity system.

    KW - Actor configuration

    KW - Blockchain

    KW - Decentralization

    KW - Electricity

    KW - Energy

    KW - Social network analysis

    KW - Transition

    UR - http://www.scopus.com/inward/record.url?scp=85063758598&partnerID=8YFLogxK

    U2 - 10.1016/j.erss.2019.02.021

    DO - 10.1016/j.erss.2019.02.021

    M3 - Article

    VL - 53

    SP - 194

    EP - 205

    JO - Energy Research and Social Science

    T2 - Energy Research and Social Science

    JF - Energy Research and Social Science

    SN - 2214-6296

    ER -