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This sector will see increasing numbers of consumers producing their own energy, not only sharing it with one another but also customising it for their own personal use.
Our framework has implications for the ongoing debate over the labeling of food with genetically modified organisms (GMOs); it suggests that the relevant labels might prove misleading to some or many consumers, producing a potentially serious welfare loss.
That has pushed down borrowing costs for German businesses and consumers, producing some worrying consequences, including a sharp rise in real estate prices in urban areas, the Bundesbank warned.
The paper in particular addresses the impact of consumers producing, storing and supplying electricity peer-to-peer.
The next step is selling production through exports and to consumers, producing higher incomes on the way.
The number of consumers producing electricity at home, so-called prosumers [2], is rapidly increasing in many European countries including Sweden.
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This process, driven by energy consumers, produces the largest carbon cuts for the buck.
The waste consumers produce while at home or at work is unsightly, generates odor, threatens fresh groundwater supplies, and contributes to airborne dioxins.
It goes on to explain: "Our strategy up to 2020 will create a multi-channel business, trusted by consumers, produced in partnership with communities, and useful and high value in local lives and markets".
A producer and consumer keep producing values and consuming them across a buffer of finite length.
Rising Asian demand strains worldwide supply, threatening industry and consumers, and producing calls for a bold energy initiative.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com