Paper Info
Title
Transactive Energy Management with Blockchain Smart Contracts for P2P Multi-Settlement Markets
Abstract
Integration of renewables and energy storage, leading to rise of prosumers, has created localized bidirectional flows. As the result, the utility demand has decreased and traditional centralized controller can no longer realize the optimal performance of ever growing distribution systems. To achieve scalable control, exploiting the potential of smart loads and Distributed Energy Resource (DER) controllability, a framework for decentralized Peer-To-Peer (P2P) energy management has been developed to manage localized micro-energy markets. Such decentralized management approach could, in theory, sustain diverse prosumer and utility business models. We have been developing an autonomous decentralized management solution that maximizes the benefit of prosumers while protecting utility assets. This P2P energy trading market leverages Blockchain technology and its Smart Contract framework. This paper presents 1) transactive energy market for P2P multi-settlement markets, 2) architecture of blockchain-based energy management system, 3) smart contract design that solves an economic dispatch problem of DERs to maximize the profit of pro/consumers.
Year
DOI
Venue
2019
10.1109/ISGT.2019.8791652
2019 IEEE Power & Energy Society Innovative Smart Grid Technologies Conference (ISGT)
Keywords
Field
DocType
Blockchain,Smart Contract,Transactive Energy,Multi-Settlement Market,Peer-To-Peer Transactions,Distributed Energy Resources
Economic dispatch,Energy management,Prosumer,Computer science,Distributed generation,Business model,Energy management system,Environmental economics,Smart contract,Scalability
Conference
ISSN
ISBN
Citations 
2167-9665
978-1-5386-8233-3
1
PageRank 
References 
Authors
0.39
0
3
Name
Order
Citations
PageRank
Kiyoshi Nakayama110.39
Ramin Moslemi210.72
Ratnesh K. Sharma348353.37