Co-designing Blockchain and Market in the Dutch Electricity Sector

Creating a conceptual market design for the Dutch intraday market based on the effects of blockchain facilitated data coordination

Master thesis (2018)

Authors

M.F.S. van den Hoven Technology, Policy and Management

Contributors

J. Ubacht (graduation committee member)
M.P.C. Weijnen (graduation committee member)
Ron Heynens (mentor)
Faculty
Technology, Policy and Management, Technology, Policy and Management
Copyright: © 2018 Maurits van den Hoven
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Published Date

25-04-2018

Language

English

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Faculty

Technology, Policy and Management

Abstract

Blockchain technology provides new methods of value transferring and data coordination, which could potentially benefit the changing management needs for the Dutch electricity sector. However, little research is done on how such a blockchain should be implemented and how it could best cooperate with the electricity markets. The goal of this report is thus to identify market design interventions that will best facilitate blockchain in the Dutch electricity sector. To reach this goal, three phases are performed; literature and stakeholder analysis for use case research, transaction cost theory application for use case selection, and a design process to redesign and evaluate the Dutch intraday electricity market. The conclusion of the design process is that the currently functional intraday market design would work best in cooperation with a data coordination blockchain, which shares bidding information between traders. The data coordination blockchain would in this case provide only limited added benefit over conventional data sharing systems, but could provide a valuable first step towards the implementation of more elaborate blockchain systems in the electricity sector.