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A Novel Peer-To-Peer Energy Sharing Business Model for the Portuguese Energy Market

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  • Lurian Pires Klein

    (Innovation Department, Virtual Power Solutions (VPS), 3040-574 Coimbra, Portugal
    MIT Portugal Initiative, Energy for Sustainability Programme, University of Coimbra, 3030-194 Coimbra, Portugal)

  • Aleksandra Krivoglazova

    (Energia Simples, 4150-044 Porto, Portugal)

  • Luisa Matos

    (Innovation Department, Virtual Power Solutions (VPS), 3040-574 Coimbra, Portugal
    Saïd Business School, Oxford University, Oxford OX1 1HP, UK)

  • Jorge Landeck

    (Innovation Department, Virtual Power Solutions (VPS), 3040-574 Coimbra, Portugal
    LIBPhys, Department of Physics, University of Coimbra, 3000-370 Coimbra, Portugal)

  • Manuel de Azevedo

    (Energia Simples, 4150-044 Porto, Portugal
    Department of Physics, Institute of Engineering at the Polytechnic of Porto (ISEP), 4200-072 Porto, Portugal)

Abstract

The co-evolution of techno-economic, societal, environmental and political-institutional systems towards sustainable energy transitions is largely influencing the disruptive reconfiguration of the energy sector across the globe. At the heart of this disruption is the peer-to-peer energy sharing concept. Nonetheless, peer-to-peer energy sharing business models are yet very little put into practice due to the rigid energy market structures and lagging regulatory frameworks across the globe. In view of this, this paper presents a novel peer-to-peer energy sharing business model developed specifically for the context of the Portuguese energy market, which was successfully trialed in three pilot projects in Portugal under real market conditions. All things considered, the novelty of this paper lies on an innovative approach for the collaborative use of the surplus electricity generation from photovoltaic systems between end-users under the same low voltage/medium voltage transformer substation, which resulted in direct financial benefits to them. While absent deregulation obstructs the implementation of effective peer-to-peer energy sharing markets in Portugal, such demonstration projects are essential to challenge restrictive regulatory frameworks that do not keep pace with techno-economic and societal innovations, thus helping to build the emerging consumer-centric energy regime and disrupt the old one.

Suggested Citation

  • Lurian Pires Klein & Aleksandra Krivoglazova & Luisa Matos & Jorge Landeck & Manuel de Azevedo, 2019. "A Novel Peer-To-Peer Energy Sharing Business Model for the Portuguese Energy Market," Energies, MDPI, vol. 13(1), pages 1-20, December.
    • Handle: RePEc:gam:jeners:v:13:y:2019:i:1:p:125-:d:302048
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    References listed on IDEAS

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    Cited by:

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    2. Reis, Inês F.G. & Gonçalves, Ivo & Lopes, Marta A.R. & Antunes, Carlos Henggeler, 2022. "Towards inclusive community-based energy markets: A multiagent framework," Applied Energy, Elsevier, vol. 307(C).
    3. Schwidtal, J.M. & Piccini, P. & Troncia, M. & Chitchyan, R. & Montakhabi, M. & Francis, C. & Gorbatcheva, A. & Capper, T. & Mustafa, M.A. & Andoni, M. & Robu, V. & Bahloul, M. & Scott, I.J. & Mbavarir, 2023. "Emerging business models in local energy markets: A systematic review of peer-to-peer, community self-consumption, and transactive energy models," Renewable and Sustainable Energy Reviews, Elsevier, vol. 179(C).
    4. Alexander Theisen & Lynne Kiesling & Michael Munger, 2022. "From Airbnb to solar: electricity market platforms as local sharing economies," Public Choice, Springer, vol. 193(3), pages 141-162, December.
    5. Dmitriy Li & Jeong-Hwan Bae & Meenakshi Rishi, 2022. "A Preference Analysis for a Peer-to-Peer (P2P) Electricity Trading Platform in South Korea," Energies, MDPI, vol. 15(21), pages 1-20, October.
    6. Pablo Baez-Gonzalez & Felix Garcia-Torres & Miguel A. Ridao & Carlos Bordons, 2020. "A Stochastic MPC Based Energy Management System for Simultaneous Participation in Continuous and Discrete Prosumer-to-Prosumer Energy Markets," Energies, MDPI, vol. 13(14), pages 1-23, July.
    7. Sophie Adams & Donal Brown & Juan Pablo Cárdenas Álvarez & Ruzanna Chitchyan & Michael J. Fell & Ulf J. J. Hahnel & Kristina Hojckova & Charlotte Johnson & Lurian Klein & Mehdi Montakhabi & Kelvin Say, 2021. "Social and Economic Value in Emerging Decentralized Energy Business Models: A Critical Review," Energies, MDPI, vol. 14(23), pages 1-29, November.
    8. Capper, Timothy & Gorbatcheva, Anna & Mustafa, Mustafa A. & Bahloul, Mohamed & Schwidtal, Jan Marc & Chitchyan, Ruzanna & Andoni, Merlinda & Robu, Valentin & Montakhabi, Mehdi & Scott, Ian J. & Franci, 2022. "Peer-to-peer, community self-consumption, and transactive energy: A systematic literature review of local energy market models," Renewable and Sustainable Energy Reviews, Elsevier, vol. 162(C).
    9. Julia Morgan & Casey Canfield, 2021. "Comparing Behavioral Theories to Predict Consumer Interest to Participate in Energy Sharing," Sustainability, MDPI, vol. 13(14), pages 1-17, July.

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