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Stakeholders’ Perceptions of the Peer-to-Peer Energy Trading Model Using Blockchain Technology in Indonesia

Author

Listed:
  • Faisal Yusuf

    (School of Environmental Science, Universitas Indonesia, Central Jakarta 10430, Indonesia)

  • Riri Fitri Sari

    (Faculty of Engineering, Universitas Indonesia, Depok 16424, Indonesia)

  • Purnomo Yusgiantoro

    (Faculty of Mining and Petroleum Engineering, Bandung Institute of Technology, Bandung 40132, Indonesia)

  • Tri Edhi Budhi Soesilo

    (School of Environmental Science, Universitas Indonesia, Central Jakarta 10430, Indonesia)

Abstract

The energy transition toward Net Zero Emission by 2060 hinges on the renewable energy power plants in Indonesia. Good practices in several countries suggest a peer-to-peer (P2P) energy trading system using blockchain technology, supported by renewable energy (solar panels), an innovation to provide equal access to sustainable electricity while reducing the impact of climate change. The P2P energy trading concept has a higher social potential than the conventional electricity buying and selling approach, such as that of PLN (the state-owned electricity company in Indonesia), which applies the network management concept but does not have a sharing element. This model implements a solar-powered mini-grid system and produces a smart contract that facilitates electricity network users to buy, sell, and trade electricity in rural areas via smartphones. This study aims to measure the stakeholders’ perceptions of the peer-to-peer (P2P) energy trading model using blockchain technology in the Gumelar District, Banyumas Regency, Central Java Province, Indonesia. The stakeholders in question are representatives of Households (producers and consumers), Government, State Electricity Company (PLN), Non-Governmental Organizations, Private Sector and Academician. Measurement of perception in this study used a questionnaire approach with a Likert scale. The results of filling out the questionnaire were analyzed using four methods: IFE/EFE matrix; IE matrix; SWOT matrix; and SPACE matrix to assess the results and their suitability to each other. The results of the stakeholder perception assessment show that there are 44 internal factors and 33 external factors that can influence this model. We obtained an IFE and EFE score of 2.92 and 2.83 for the internal and external results using the IE matrix. These place the model in quadrant V, meaning the P2P model can survive in the long term to generate profits. Based on the SWOT analysis results, this model is located at the coordinate point ?0.40, 0.31, placing it in quadrant II. This means that the P2P model is in a competitive situation and faces threats but still has internal strengths. Based on the SPACE matrix, stakeholder perception states that the P2P model is at coordinate point 1, ?0.3. This shows that the P2P model has the potential to be a competitive advantage in its type of activity that continues to grow. In conclusion, our findings show that stakeholders’ perceptions of P2P models using blockchain technology can be implemented effectively and provide social, economic, and environmental incentives.

Suggested Citation

  • Faisal Yusuf & Riri Fitri Sari & Purnomo Yusgiantoro & Tri Edhi Budhi Soesilo, 2024. "Stakeholders’ Perceptions of the Peer-to-Peer Energy Trading Model Using Blockchain Technology in Indonesia," Energies, MDPI, vol. 17(19), pages 1-23, October.
    • Handle: RePEc:gam:jeners:v:17:y:2024:i:19:p:4956-:d:1491937
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    References listed on IDEAS

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