Power Ledger managing director and co-founder David Martin joined a panel discussion at Event Horizon 2019 on Peer-to-Peer (P2P) trading, and what it means to transition from a consumer to a prosumer.
The big elephant in the room – regulation.
Power Ledger is trying to resolve the issues around energy poverty for consumers who can’t afford to participate in this energy economy.
David Martin said Australia was ahead of the game for renewable energy, with the country implementing practices that the rest of the world will probably see in the next 3-5 years.
However, he cautioned that the impacts of the deep penetration of distributed renewables was driving up the cost of energy for everybody else.
“It’s great for people like me who can afford to put solar panels on their roof but for the guy next door who can’t afford that, he’s bearing the impact of my defection from the grid,” said Mr Martin.
As the cost of energy storage falls and the continued cost of delivering energy via the grid increases, there is greater incentive for consumers to self supply, store and disappear from the grid completely.
“You get a two-speed energy economy developing and the people who are most impacted by it are the ones who can least afford to do anything about it,” said Mr Martin.
Frédéric Wauquiez, Senior Product Manager for DER Orchestration – GE Renewable Energy
David Martin, Co-Founder and Managing Director – Power Ledger
Kerstin Eichmann, Managing Director & Machine Economy Lighthouse Lead – innogy Innovation Hub
Jean Michel Glachant, Director of the Florence School of Regulation