Prosumers: New actors in EU energy security

Rafael Leal-Arcas, Feja Lasniewska, Filippos Proedrou

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    Abstract

    This paper critically analyses the new challenges and opportunities that prosumers, as new energy actors, bring to achieving energy security goals in the context of the European Union (EU). Following trends in the EU towards new levels of cooperation in energy governance, decentralization, and the emergence of a gig economy, the energy sector is currently undergoing a large-scale transition. One of its core aspects is the progressive top-down diffusion of potential, competences, and leverage across the energy value chain from states and corporate actors towards prosumers. While this trend creates ample potential for facilitating and improving the EU’s security of supply, as well as fulfilling its climate change targets, several caveats exist. These caveats are not confined within energy security prerogatives; they also extend to the critical management of digital security, which the digitalization of energy services brings to the fore. Private and public finance should be effectively attracted and
    directed to infrastructure schemes that will enable a transition from the traditional centralized power network to the decentralized nexus of smart grids. Technology will play a crucial role in facilitating the role of prosumers in the new market-in-the-making.
    Original languageEnglish
    Title of host publicationNetherlands Yearbook of International Law 2017
    Subtitle of host publicationShifting Forms and Levels of Cooperation in International Economic Law: Structural Developments in Trade, Investment and Financial Regulation
    PublisherSpringer
    Pages139-172
    Number of pages35
    Volume48
    ISBN (Electronic)978-94-6265-243-9
    ISBN (Print)978-94-6265-242-2
    DOIs
    Publication statusPublished - 2018

    Publication series

    NameNetherlands Yearbook of International Law
    PublisherCambridge University Press
    Volume48
    ISSN (Print)0167-6768

    Keywords

    • prosumers
    • gig economy
    • decentralisation
    • climate change
    • renewable energy
    • security
    • European Union

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