Blockchain and Smart Contract for Peer-to-Peer Energy Trading Platform: Legal Obstacles and Regulatory Solutions

48 Pages Posted: 13 Apr 2020

See all articles by Joseph Lee

Joseph Lee

School of Law, University of Exeter

Vere Marie Khan

affiliation not provided to SSRN

Date Written: March 18, 2020

Abstract

This paper discusses the legal risks and regulatory solutions for a peer-to-peer energy trading platform (P2P-ETP) in creating a sustainable energy ecosystem. Part I discusses the conceptual framework of P2P-ETP, which enables consumers to become energy ‘producers' and traders. Smart technologies — smart contracts, smart meters, and distributed ledger technology (DLT) — are the main components of this platform. The study examines the legal basis and regulatory framework for these components. Part II analyses the legal uncertainty of the smart contract, such as its enforceability, and the inadequate protection for consumers and their individual rights through price manipulation, violation of rights to privacy, and data breaches. Part III discusses the potential policy implementations and the principles behind a legal and regulatory framework for establishing a trusted peer-to-peer energy trading platform.

Keywords: Peer-to-Peer, Energy Trading, Sustainability, Tokenisation, Smart Technologies, Blockchain

Suggested Citation

Lee, Joseph and Khan, Vere Marie, Blockchain and Smart Contract for Peer-to-Peer Energy Trading Platform: Legal Obstacles and Regulatory Solutions (March 18, 2020). Available at SSRN: https://ssrn.com/abstract=3556260 or http://dx.doi.org/10.2139/ssrn.3556260

Joseph Lee (Contact Author)

School of Law, University of Exeter ( email )

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Exeter, Devon EX4 4QJ
United Kingdom
44(0)1392 725548 (Phone)

HOME PAGE: http://socialsciences.exeter.ac.uk/law/staff/jlee/

Vere Marie Khan

affiliation not provided to SSRN

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