Radical Innovation in the Energy Sector and the Impact on Regulation

24 Pages Posted: 3 Jun 2017 Last revised: 8 Jun 2017

Saskia Lavrijssen

Tilburg University - TILEC

Arturo Carrilo

Tilburg Law and Economics Center (TILEC)

Date Written: June 2, 2017

Abstract

The electricity sector is in a transition towards a Smart Energy System where the roles of private and institutional actors are evolving. This work deals with the influence of some technological innovations on the regulation of the energy sector. It identifies the main radical innovations in the energy market and analyses the legal and related non-legal obstacles that may impede the empowerment of energy consumers. Some recommendations are provided to ensure that consumers are empowered and can benefit from these new technological innovations. The recommendations relate to an accurate definition of prosumers and active consumers, the integration of demand response, the evolving role of distribution network operators and the birth of peer-to-peer trading.

Keywords: energy transition, consumer empowerment, radical innovation, regulation, Peer to peer trading, digital platforms, block chain

JEL Classification: K23, K32

Suggested Citation

Lavrijssen, Saskia and Carrilo, Arturo, Radical Innovation in the Energy Sector and the Impact on Regulation (June 2, 2017). TILEC Discussion Paper No. DP 2017-017. Available at SSRN: https://ssrn.com/abstract=2979206 or http://dx.doi.org/10.2139/ssrn.2979206

Saskia Lavrijssen (Contact Author)

Tilburg University - TILEC

P.O. Box 90153
Tilburg, DC 5000 LE
Netherlands

Arturo Carrilo

Tilburg Law and Economics Center (TILEC)

Warandelaan 2
Tilburg, 5000 LE
Netherlands

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