Collaborative economy, also called the sharing economy, is growing, and it can be understood as a synonym for resource efficiency and increased asset utilization. It also allows the energy transition. How? An example; car sharing, offers increased asset utilization of the vehicles and fosters the energy transition with more sustainable mobility.
In the energy sector, and in the case of utilities, this is not very common, but let’s try to look at some trends;
For example, grid interconnections, as proposed with the EU Energy Union policy, is part of a more collaborative economy. It means the sharing of power capacity and available renewable resources in an extended market. Of course it is not peer-to-peer, but instead “grid-to-grid”. Interconnections improve asset utilization (of the most competitive assets at least, as well as avoiding investments in peaking capacity) and also help toward the energy transition as abundant renewable power can be exchanged between countries.
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For Spain, with high generation overcapacity, to increase interconnections is key to making use of existing power capacity and avoiding wind spilling, for example.
However, there is another example of improved asset utilization where there is a conflict with the energy transition…