on Energy Markets Michael Hinterstocker 27.06.2018 A blockchain - - PowerPoint PPT Presentation

27.06.2018

Potential Impact of Blockchain Solutions

• n Energy Markets

Michael Hinterstocker

1

A blockchain can be used to record transactions and data transparently, immutably and decentralized

• A blockchain is a form of distributed ledger
• Transactions are recorded and validated by all

participating parties

• No central authority necessary
• Transactions are collected in blocks which also

include time stamps and hashes

• Blocks are only valid in combination with

previous blocks, so a chain of blocks forms

• Transparency
• Decentralization
• Automation
• Pseudonymization
• Immutability
• Independence

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Key features

Project Objectives

Investigation of the applications, chances, risks and potentials of blockchain technology for the transformation of the energy system.

Key Data

• 10/2017–08/2018
• 8 project partners from the fields of

energy supply, grid operation, technology and industry association

• Goal: Identification of relevant use

cases for implementation in a follow-up project

Use Cases Assessment

… … Technical Evaluation Potentials Legal Framework

Implementation?

Potential applications and use cases of blockchain technology in the energy system are evaluated in our current project

3

Uses cases are identified, clustered and evaluated regarding market value and market effects

Identification of Use Cases

• Potential applications for

blockchain-based systems are collected from – literature review – expert surveys

• Clustering of identified

applications by – affected market segments – stages of the energy value chain

• Selection of representative

example per cluster

• Reduced number of use

cases for subsequent steps

Analysis of Use Cases

• Detailed analyses of

selected use cases with regard to (i.a.) – stakeholders – market mechanisms – pricing – infrastructure – processes

Evaluation of Use Cases

• Effects of alternative

blockchain solution on respective market parameters are estimated: – demand (D) – supply (S) – price (P) – liquidity (L)

• Estimated market value

(approximate monetary value which is affected) as a measure of disruptive potential

• Indication about potential

impact on markets

4

Analyses show only minor effects on market value and market conditions by blockchain-based systems

Use Case affects D S P L Balancing group management

   

Coupling of electricity generation with certificate cancellation

   

Simplified provision of industrial flexibility

 () () 

Standardized settlement of EV charging

   

Faster switching of electricity suppliers

   ()

Crowdfunding of RES

 ()  

Labeling of green electricity

   

Tenant electricity

 ()  

Pre-qualification process of control reserve

 () () ()

Representation of grid losses in grid fees

  () 

Peer-to-peer trading of electricity

   

5

No disruptive changes to the energy system are expected

No real disruptive potential observed, but in several cases reduction of process costs, simplified interactions between stakeholders or value-added services Evaluation of the effects of blockchain-based implementations based on estimation of market value Wide variety of proposed applications for blockchain systems in the energy sector reduced to representative examples Summary Verification of theoretical evaluations and general applicability Implementation of selected applications in field tests Outlook

Thank you very much for your attention. Any questions?

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Forschungsgesellschaft für Energiewirtschaft mbH Am Blütenanger 17 80995 München

27.06.2018

www.ffegmbh.de

Michael Hinterstocker +49 89 158121 53 mhinterstocker@ffe.de