Radical Innovation in the Energy Sector and the Impact on Regulation
24 Pages Posted: 3 Jun 2017 Last revised: 8 Jun 2017
Date Written: June 2, 2017
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: Suggested Citation