The price for electricity on our market is determined by supply and demand. Direct interaction between users via the blockchain allows them to actively influence prices rather than accept tariffs defined by a utility company. However, several decisions about the market design need to be made carefully as they can influence market outcomes and efficiency: Is the market being cleared continuously or cleared at discrete points in time? Should participants be actively involved in the pricing or will it be determined automatically by algorithms? How do prices develop within the local market, depending on the availability of solar energy and on the consumption patterns?
In addition to pricing, there are additional aspects that are affected by the market mechanism. Depending on that mechanism, there are different incentives for consumer behavior and price offers. Here, we examine different research questions relevant to the objective of the entire project, such as, Is local electricity preferred, even if it becomes more expensive than gray electricity, or do consumers always prefer the most inexpensive electricity? Which criteria determine the distribution of local electricity among consumers? How can batteries be included in the market and to whom should they belong?
Bits to Energy Lab, ETH
Scientific publication about Quartierstrom project
What energy exchange projects based on Blockchain are underway or have already been implemented? What ideas are they pursuing and what market mechanism is behind...
Sonniger Februar mit hoher Produktion und regem Handel
Die Quartierstrom-Daten von Februar 2019 im Rückblick. Wenig Niederschlag, viel Sonne und kaum mehr Schnee auf den PV-Anlagen: Die Quartierstrom-Gemeinschaft produzierte im Februar rund 19...
The Quartierstrom project is supported by the pilot, demonstration and lighthouse program of the Swiss Federal Office of Energy (SFOE).