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Support schemes like the Feed-in-Tariff (FiT) have for many years been animportant driver for the deployment of distributed energy resources, and thetransition from consumerism to prosumerism. This democratization anddecarbonization of the energy system has led to both challenges andopportunities for the system operators, paving the way for emerging conceptslike local energy markets. The FiT approach has often been assumed as the lowereconomic bound for a prosumer's willingness to participate in such markets butis now being phased out in several countries. In this paper, a new pricingmechanism based on the Levelized Cost of Electricity is proposed, with theintention of securing profitability for the prosumers, as well as creating atransparent and fair price for all market participants. The mechanism isdesigned to function on a Distributed Ledger Technology-based platform and isfurther set up from a holistic perspective, defining the market framework asinteractions in a Cyber-Physical-Social-System. Schemes based on both fixed andvariable contracts with the wholesale supplier are analyzed and compared withboth the conventional FiT and to its proposed replacement options. The resultsshow a cost reduction for the consumers and a slight loss in revenue for theprosumers compared to the FiT scheme. Comparing it to the actual suggestedreplacements to the FiT, however, it is clear that the pricing mechanismproposed in this study provides a substantial increase of benefits for bothprosumers and consumers.

LCOE-based Pricing for DLT-enabled Local Energy Trading Platforms