The Digital Energy Transition

Digitalisation is not a universal remedy, but it can help to smooth out some of the fundamental challenges that decentralized energy poses. For example, pricing on the central wholesale market is obsolete. It is incompatible with the structures involved in decentralized energy provision, which entails supplying the electrical, heat and transport sectors with power generated from renewables. Digital applications can help in this area because they enable specific price signals (e.g., through machine learning algorithms) and innovative financial models (e.g., blockchain). However, they challenge existing market structures and the roles of individual players as they re-define them. This has an impact on social sustainability. On the one hand, it opens up the arena for brand-new forms of participation. Prosumers, for instance, can use digital technology to increase their market share, which used to be solely concentrated in the hands of large companies. On the other hand, the issue of responsibly using data acquired from digital applications raises a whole host of new questions about data security and sovereignty.
The Digital Energy Transition project serves to determine the potential impacts of the new digital order in the energy market on the social sustainability of a future energy system.

The second stage of the project will focus on presenting specific solutions.

 

Contact: René Mono