A smart grid is a transactive grid.
- Lynne Kiesling
Blockchain: The Era Of The Energy Internet

Via Engineers Australia, an interesting brief for an upcoming presentation on how generation and blockchain are transforming legacy power networks into community owned economic engines:

Innovations from the sharing economy are now entering utilities, from which end users play a more active role in both production and consumption of electricity and where the marginal cost of this power will trend towards zero.
 
Our energy networks are a work in progress. We are now seeing the accelerated uptake of distributed generation, storage and blockchain applications transforming legacy electricity networks into community owned economic engines. Interconnected local energy markets have emerged as an anticipated outcome of a monumental shift in the electricity industry away from centralized network planning. Monolithic business models characterized by fossil fueled bulk generation and one-way delivery are being disrupted by decentralised renewable models complemented with storage. The lesser the distance between the generator and consumer means the opportunity exists to dramatically reduce network costs.


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About This Blog And Its Authors
Grid Unlocked is powered by two eco-preneurs who analyze and reference articles, reports, and interviews that can help unlock the nascent, complex and expanding linkages between smart meters, smart grids, and above all: smart markets.

Based on decades of experience and interest in conservation, Monty Simus and Jamie Workman believe that a truly “smart” grid must be a “transactive” grid, unshackled from its current status as a so-called “natural monopoly.”

In short, an unlocked grid must adopt and harness the power of markets to incentivize individual users, linked to each other on a large scale, who change consumptive behavior in creative ways that drive efficiency and bring equity to use of the planet's finite and increasingly scarce resources.