Abstract :

In the local energy trade market peer to peer energy trading and generation of local energy can condense the cost of energy consumption and harmful gases emission ( results in to generate the energy at consumer’s end the renewable energy sources are used) and rise the resilience of smart grid. However, privacy issues and trust may available in the trading of local energy with peers. To manage the energy trading a centralized system can be utilized but it faces the several issues and also it promotes the overall system cost. In this tabloid, based on the blockchain system a hybrid P2P energy trading market is proposed. This system totally decentralized and this system allows that members in trading market can able to interact with each other member and can able to trade the energy without the third party involvement. In the blockchain based energy exchange market the smart agreements play a vital role. Smart agreements follows the all the essential rules in the energy trading. To develop the hybrid electricity exchange market the 3 smart agreements are proposed in this tabloid. The three smart agreements are Main Smart agreement, P2P smart agreement and Producer to Grid smart agreement. Initially the market member interacts with main smart agreement and for further process it follows the other 2 smart agreements. The implementation of an efficient hybrid energy exchange market is the main objective of this tabloid and also reduces the cost of energy and peak to average ratio of electricity.

---

Keywords :

Blockchain, consumers, energy trading, P2G, P2P, PAR, power., prosumer

---

References :

1. H. Hajiesmaili, M. Chen, E. Mallada, and C.-K. Chau, “Crowdsourced storage-assisted demand response in micro grids,” in Proceedings of the Eighth International Conference on Future Energy Systems. ACM, 2017, pp. 91–100.
2. Hahn, R. Singh, C. Liu, and S. Chen, “Smart contract-based campus demonstration of decentralized transactive energy auctions,” in 2017 IEEE PES Innovative Smart Grid Technologies, 2017.
3. Mengelkamp, J. G¨arttner, K. Rock, S. Kessler, L. Orsini, and C. Weinhardt, “Designing microgrid energy markets: A case study: The brooklyn microgrid,” Applied Energy, vol. 210, pp. 870–880, 2018.
4. Park, J. Lee, S. Bae, G. Hwang, and J. K. Choi, “Contribution based energy-trading mechanism in microgrids for future smart grid: A game theoretic approach,” IEEE Transactions on Industrial Electronics, vol. 63, no. 7, pp. 4255–4265, 2016.
5. Dileep, “A survey on smart grid technologies and applications,” Renew. Energy, vol. 146, pp. 2589–2625, 2020.
6. Gai, Y. Wu, L. Zhu, M. Qiu, and M. Shen, “Privacy-preserving energy trading using consortium blockchain in smart grid,” IEEE Transactions on Industrial Informatics, 2019
7. Rabiya and N. Javaid, ‘‘A blockchain-based decentralized energy management in a P2P trading system,’’ in Proc. IEEE ICC NGNI Symp., to be published.
8. Kakran and S. Chanana, “Smart operations of smart grids integrated with distributed generation: A review,” Renewable and Sustainable Energy Reviews, vol. 81, pp. 524–535, 2018.
9. U. Hassan, C. Yuen, and D. Niyato, “Blockchain technologies for smart energy systems: Fundamentals, challenges, and solutions,” IEEE Industrial Electronics Magazine, vol. 13, no. 4, pp. 106–118, 2019.
10. L. Di Silvestre, P. Gallo, M. G. Ippolito, E. R. Sanseverino, and G. Zizzo, ‘‘A technical approach to the energy blockchain in microgrids,’’ IEEE Trans Ind. Informat., vol. 14, no. 11, pp. 4792–4803, Nov. 2018.
11. Cao, “Energy internet blockchain technology,” in The Energy Internet. Elsevier, 2019, pp. 45–64.
12. Li,W.Yang, P.He, C.Chen, and X.Wang, ‘‘ Design and management of a distributed hybrid energy system through smart contract and blockchain,’’ Appl. Energy, vol. 248, pp. 390–405, Aug. 2019.
13. Zanghi, M. B. Do Coutto Filho, and J. C. S. De Souza, ‘‘Conceptual framework for blockchain-based metering systems,’’ Multiagent Grid Syst., vol. 15, no. 1, pp. 77–97, Mar. 2019.
14. Lin, ‘‘Analysis of blockchain-based smart contracts for peer-to-peer solar electricity transactive markets,’’ Ph.D. dissertation, Virginia Tech, Blacksburg, VA, USA, 2019.
15. Noor, W.Yang, M.Guo, K.H.vanDam, and X.Wang, ‘‘Energy demand side management within micro-grid networks enhanced by blockchain,’’ Appl. Energy, vol. 228, pp. 1385–1398, Oct. 2018.