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What is Peer-To-Peer Energy Trading

Chapter 6
Energy Transition in the African Economy Post 2050
A business model, based on an interconnected platform, that serves as an online marketplace where consumers and producers meet to trade electricity directly, without the need for an intermediary.
Published in Chapter:
Peer-to-Peer Energy Trading Using Blockchain in Sub-Saharan Africa: Towards a Policy and Regulatory Framework
Mirana Njakatiana Andriarisoa (Institute for Water and Energy Sciences Including Climate Change, Pan African University, Germany), Erick G. Tambo (Institute for Environment and Human Security, United Nations University, Germany), David Tsuanyo (National Committee for Development of technologies, Ministry of Scientific Research and Innovation, Cameroon), and Axel Nguedia Nguedoung (Institute for Environment and Human Security, United Nations University, Germany)
Copyright: © 2023 |Pages: 37
DOI: 10.4018/978-1-7998-8638-9.ch006
Abstract
Peer-to-peer (P2P) energy trading using blockchain is presented as a great innovative potential to promote rural electrification. Opportunities and challenges assessment for the implementation of this technology in Sub-Saharan Africa shows that it is only at its embryonic stage in the region. The decreasing cost of stand-alone solar technology and the expansion of investment in mini-grid sector are among the opportunities. However, the considerable restriction of private participation in the mini-grid sector, the difficulty of the regulatory process and licensing requirements, the issues with tariff framework, and the uncertainty of the regulation about the future grid integration are among the main challenges. This chapter proposes a policy and regulation framework for the promotion of P2P energy trading using blockchain in Sub-Saharan Africa.
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