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Blockchain enabled decentralized local electricity markets with flexibility from heating sources

Abstract:

Electric power systems are transitioning towards a decentralized paradigm with the engagement of active prosumers (both producers and consumers) through using distributed multi-energy sources. This paper proposes a novel Blockchain based peer-to-peer trading architecture which integrates negotiation-based auction and pricing mechanisms in local electricity markets, through automating, standardizing, and self-enforcing trading procedures using smart contracts. The negotiation of the volume and...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1109/tsg.2022.3158732

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Institution:
University of Oxford
Division:
MPLS
Department:
Engineering Science
Role:
Author, Author
Publisher:
IEEE Publisher's website
Journal:
IEEE Transactions on Smart Grid Journal website
Volume:
14
Issue:
2
Pages:
1607-1620
Publication date:
2022-03-11
Acceptance date:
2022-02-23
DOI:
EISSN:
1949-3061
ISSN:
1949-3053
Language:
English
Keywords:
Pubs id:
1243762
Local pid:
pubs:1243762
Deposit date:
2022-03-13

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