Development of a Blockchain-Based Energy Trading Scheme for Prosumers

• Type: Article in International Conference Proceedings Book
• Date: 2021

Authors

Matthew Gough (Author) Other; Sérgio F. Santos (Author) Other; Artur Almeida (Author) Other; Mohammad Javadi (Author) Other; Tarek AlSkaif (Author) Other; Rui Castro (Author) Other; João P. S. Catalão (Author) FEUP

Conference proceedings International

Title: 2021 IEEE MADRID POWERTECH

Pages: 1-6

14th IEEE Madrid PowerTech Conference (IEEE POWERTECH)

ELECTR NETWORK, JUN 28-JUL 02, 2021

Indexing

ISI Web of Knowledge - 3 Citations

Scopus - 4 Citations

Other information

Authenticus ID: P-00V-JF8

DOI: 10.1109/powertech46648.2021.9494810

Abstract (EN): The combination of consumer owned Distributed Energy Resources, new Information and Communication Technologies (ICT), as well as changes to the national electricity regulations have created new opportunities for consumer engagement in the electricity sector. In this paper, this combination of technologies and regulations is examined in the Portuguese context. The new regulations dealing with self-consumption from prosumers are combined with smart contracts and distributed ledger technology to formulate an automated energy trading system for residential end-users in local energy markets. Results show that including prosumers in the local energy market brings significant benefits to all market participants. Additionally, results show that the newly created regulatory role of a Market Facilitator is beneficial to these type of local energy exchanges.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 6