Decentralized Electricity Transaction Mechanism in Distribution Network Based on Blockchain Technology

Meng, Shiyu; Sun, Weiqing; Han, Dong; Zhang, Chengzhenghao

doi:10.1109/appeec45492.2019.8994519

Cited by 8 publications

(3 citation statements)

References 13 publications

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“…All payment processes between producers, consumers and the main grid happen through these contracts. It is important to promote the interaction and participation of prosumers and consumers [12], in order to have the maximum number of offers, and therefore, maximize gains for producers and consumers.…”

Section: Blockchain Implementationmentioning

confidence: 99%

See 1 more Smart Citation

Blockchain and Internet of Things for Electrical Energy Decentralization: A Review and System Architecture

Casquiço¹,

Mataloto²,

Ferreira³

et al. 2021

Energies

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The decentralization in the electrical power grids has gained increasing importance, especially in the last two decades, since transmission system operators (TSO), distribution system operators (DSO) and consumers are more aware of energy efficiency and energy sustainability issues. Therefore, globally, due to the introduction of energy production technologies near the consumers, in residential and industrial sectors, new scenarios of distributed energy resources (DER) are emerging. In order to guarantee an adequate power management in the electrical power grids, incorporating producers, consumers and producers-consumers (prosumers) together, it is important to adopt intelligent systems and platforms that allow the provision of information on energy consumption and production in real time, as well as for obtaining a fair price for the sale and purchase of energy. In this paper, we analyze the literature to identify the appropriate solutions to implement a decentralized electrical power grid based on sensors, blockchain and smart contracts, evaluating the current state of the art and pilot projects already in place. We also discuss a proposal for a power grid model, with renewable energy production, combining Internet of Things, blockchain and smart contracts.

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Section: Blockchain Implementationmentioning

confidence: 99%

“…The management of this entire system is carried out through a control mechanism that allows the information to be monitored and visible to each of the actors using data encryption protocols, ensuring the security of the process. In this way, it is possible to use more accurate mechanisms for forecasting energy supply and demand [12].…”

Section: Introductionmentioning

confidence: 99%

Blockchain and Internet of Things for Electrical Energy Decentralization: A Review and System Architecture

Casquiço¹,

Mataloto²,

Ferreira³

et al. 2021

Energies

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show abstract

“…However, this scheme provides certain rewards to users who actively adjust the price. Moreover, the solution proposed in [103] is based on the information exchanged between prosumers. Prosumers conduct real-time multilateral pricing bids based on their respective power needs and actual conditions.…”

Section: Fair Energy Pricingmentioning

confidence: 99%

When Blockchain Meets Smart Grids: A Comprehensive Survey

Guo¹,

Wan²,

Cheng³

2021

Preprint

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Recent years have witnessed an increasing interest in the blockchain technology, and many blockchainbased applications have been developed to take advantage of its decentralization, transparency, fault tolerance, and strong security. In the field of smart grids, a plethora of proposals have emerged to utilize blockchain for augmenting intelligent energy management, energy trading, security and privacy protection, microgrid management, and energy vehicles. Compared with traditional centralized approaches, blockchain-based solutions are able to exploit the advantages of blockchain to realize better functionality in smart grids. However, the blockchain technology itself has its disadvantages in low processing throughput and weak privacy protection. Therefore, it is of paramount importance to study how to integrate blockchain with smart grids in a more effective way so that the advantages of blockchain can be maximized and its disadvantages can be avoided.This article surveys the state-of-the-art solutions aiming to integrate the emergent blockchain technology with smart grids. The goal of this survey is to discuss the necessity of applying blockchain in different components of smart grids, identify the challenges encountered by current solutions, and highlight the frameworks and techniques used to integrate blockchain with smart grids. We also present thorough comparison studies among blockchain-based solutions for smart grids from different perspectives, with the aim to provide insights on integrating blockchain with smart grids for different smart grid management tasks. Finally, we list the current projects and initiatives demonstrating the current effort from the practice side. Additionally, we draw attention to open problems that have not yet been tackled by existing solutions, and point out possible future research directions.

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Distributed Power Trading Mechanism of Multiple Virtual Power Plants Based on Agency Alliance

Liu¹,

Huang²,

Ying³

et al. 2022

Lecture Notes in Electrical Engineering

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Decentralized Electricity Transaction Mechanism in Distribution Network Based on Blockchain Technology

Cited by 8 publications

References 13 publications

Blockchain and Internet of Things for Electrical Energy Decentralization: A Review and System Architecture

Blockchain and Internet of Things for Electrical Energy Decentralization: A Review and System Architecture

When Blockchain Meets Smart Grids: A Comprehensive Survey

Distributed Power Trading Mechanism of Multiple Virtual Power Plants Based on Agency Alliance

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