Mandating and delivering
For example, the development of local energy and flexibility markets requires visibility of current and future local assets, their exact location and the balancing responsible party.
Nearly every reform since the early ’70s has sought to expand this concept.
But even the best algorithms will always be undone by incomplete and disparate data.
Blockchain allows a different approach to the problem of centralised ownership and control of data.
While both delivery and ongoing costs can be lower than traditional approaches, greater benefits will be derived from: This collaborative approach based on distributed ledger technology has received widespread support within the energy industry.
A CSS is an opportunity to put in place the foundations that will support the transition to a smart and flexible energy system, but risks embedding the institutions that will hold it back.