scholarly journals SynergyGrids: blockchain-supported distributed microgrid energy trading

Author(s):  
Moayad Aloqaily ◽  
Ouns Bouachir ◽  
Öznur Özkasap ◽  
Faizan Safdar Ali

AbstractGrowing intelligent cities is witnessing an increasing amount of local energy generation through renewable energy resources. Energy trade among the local energy generators (aka prosumers) and consumers can reduce the energy consumption cost and also reduce the dependency on conventional energy resources, not to mention the environmental, economic, and societal benefits. However, these local energy sources might not be enough to fulfill energy consumption demands. A hybrid approach, where consumers can buy energy from both prosumers (that generate energy) and also from prosumer of other locations, is essential. A centralized system can be used to manage this energy trading that faces several security issues and increase centralized development cost. In this paper, a hybrid energy trading system coupled with a smart contract named SynergyGrids has been proposed as a solution, that reduces the average cost of energy and load over the utility grids. To the best of our knowledge, this work is the first attempt to create a hybrid energy trading platform over the smart contract for energy demand prediction. An hourly energy data set has been utilized for testing and validation purposes. The trading system shows 17.8% decrease in energy cost for consumers and 76.4% decrease in load over utility grids when compared with its counterparts.

2020 ◽  
Vol 15 (3) ◽  
pp. 183-190
Author(s):  
Kshitiz Khanal ◽  
Bivek Baral

As most nations have adopted the Sustainable Development agenda to achieve the 17 Sustainable Development Goals (SDGs) by 2030, it is vital that planning of energy systems at local, regional and national levels also align with the agenda in order to achieve the goals. This study explores the sustainability of primary energy resources of a rural community to meet growing demands of the community, in order to achieve SDGs for energy access Goal no. 7 (SDG7) at local level. Using a linear back-casting techno-economic energy access model that informs the expected change in energy demand in order to reach SDG7 targets, this study examined whether local energy resources would be enough to achieve the targets for Barpak VDC (named such at the time of data collection before Nepal’s administrative restructuring), and explored the possibility of importing electricity from national grid to attain SDG7 targets. By analyzing the outputs of the model for Barpak, we found that currently assessed local energy resources are insufficient to meet the energy access targets. Importing electricity from national grid, in addition to the mini-hydropower plant currently in operation at Barpak is needed to achieve the targets. Huge cost investment and timely expansion of transmission and distribution infrastructure is crucial. By 2030, total energy demand is expected to grow up to 50,000 Gigajoules per year. Electricity import from national grid grows steadily, reaching up to 45,000 Gigajoules in 2030. The social costs of energy will continue to be dominated by household sector till 2030, reaching up to 30 million Nepali Rupees per year in total. Use of wood as fuel, the only significant source of emission in the model is modeled to decrease linearly and stop by 2030, as required by SDGs. Emission of 17 Metric Tonnes of Carbon-dioxide and 4.5 million kg Methane equivalent is reduced to zero at 2030. This model serves as an innovative approach to integrate SDG targets to local and regional energy planning process, and can be adopted for energy systems and policy planning for various regions in Nepal.


2020 ◽  
Vol 210 ◽  
pp. 13036
Author(s):  
Anna Grabar ◽  
Darya Starkova ◽  
Olga Soboleva ◽  
Tatyana Kondratyeva

Forecasting significance in the energy market is extremely high. Demand for electricity determines the key decisions on its purchase and production, load transfer and transmission control. Over the past few decades, several methods have been developed to accurately predict the future of energy consumption. This article discusses various methods for forecasting energy demand. Three blocks of methods are considered: statistical, methods using artificial intelligence and hybrid. Authors defined the metrics that show the quality of the models and help to compare the results of the models: mean absolute error (MAE), mean absolute percentage error (MAPE), root-mean-square deviation (RMSE), minimum and maximum errors on the test sample. A comparative analysis of forecasting methods has been lunched on the open data set. The best result is obtained using a combined model based on the Lasso regression method. The accuracy and speed of predictions helps to get an economic effect from regulating generation by selling electricity at the peak of consumption.


Author(s):  
Nihar Ranjan Pradhan ◽  
Akhilendra Pratap Singh ◽  
Kaibalya Prasad Panda ◽  
Diptendu Sinha Roy

Abstract The vital dependence of peer to peer (P2P) energy trading frameworks on creative Internet of Things (IoT) has been making it more vulnerable against a wide scope of attacks and performance bottlenecks like low throughput, high latency, high CPU, memory use, etc. This hence compromises the energy exchanging information to store, share, oversee, and access. Blockchain innovation as a feasible solution, works with the rule of untrusted members. To alleviate this threat and performance issues, this paper presents a Blockchain based Confidential Consortium (CoCo) P2P energy trading system that works on the trust issues among the energy exchanging networks and limits performance parameters. It reduces the duplicate validation by creating a trusted network on nodes, where participants identities are known and controlled. A Java-script-based smart contract is sent over the Microsoft CoCo system with Proof of Elapsed Time (PoET) consensus protocol. Also, a functional model is designed for the proposed framework and the performance bench-marking has been done considering about latency, throughput, transaction rate control, success and fail transaction, CPU and memory usage, network traffic. Additionally, it is shown that PoET’s performance is superior to proof of work (PoW) for multi-hosting conditions. The measured throughput and latency moving toward database speeds with more flexible, business-specific confidentiality models, network policy management through distributed governance, support for non-deterministic transactions, and reduced energy consumption.


2020 ◽  
Vol 15 (3) ◽  
pp. 1105-1136
Author(s):  
Kamal Pandey ◽  
Bhaskar Basu

Purpose The rapid urbanization of Indian cities and the population surge in cities has steered a massive demand for energy, thereby increasing the carbon emissions in the environment. Information and technology advancements, aided by predictive tools, can optimize this energy demand and help reduce harmful carbon emissions. Out of the multiple factors governing the energy consumption and comfort of buildings, indoor room temperature is a critical one, as it envisages the need for regulating the temperature. This paper aims to propose a mathematical model for short-term forecasting of indoor room temperature in the Indian context to optimize energy consumption and reduce carbon emissions in the environment. Design/methodology/approach A study is conducted to forecast the indoor room temperature of an Indian corporate building structure, based upon various external environmental factors: temperature and rainfall and internal factors like cooling control, occupancy behavior and building characteristics. Expert insight and principal component analysis are applied for appropriate variables selection. The machine learning approach using Box–Jenkins time series models is used for the forecasting of indoor room temperature. Findings ARIMAX model, with lagged forecasted and explanatory variables, is found to be the best-fit model. A predictive short-term hourly temperature forecasting model is developed based upon ARIMAX model, which yields fairly accurate results for data set pertaining to the building conditions and climatic parameters in the Indian context. Results also investigate the relationships between the forecasted and individual explanatory variables, which are validated using theoretical proofs. Research limitations/implications The models considered in this research are Box–Jenkins models, which are linear time series models. There are non-linear models, such as artificial neural network models and deep learning models, which can be a part of this study. The study of hybrid models including combined forecasting techniques comprising linear and non-linear methods is another important area for future scope of study. As this study is based on a single corporate entity, the models developed need to be tested further for robustness and reliability. Practical implications Forecasting of indoor room temperature provides essential practical information about meeting the in-future energy demand, that is, how much energy resources would be needed to maintain the equilibrium between energy consumption and building comfort. In addition, this forecast provides information about the prospective peak usage of air-conditioning controls within the building indoor control management system through a feedback control loop. The resultant model developed can be adopted for smart buildings within Indian context. Social implications This study has been conducted in India, which has seen a rapid surge in population growth and urbanization. Being a developing country, India needs to channelize its energy needs judiciously by minimizing the energy wastage and reducing carbon emissions. This study proposes certain pre-emptive measures that help in minimizing the consumption of available energy resources as well as reducing carbon emissions that have significant impact on the society and environment at large. Originality/value A large number of factors affecting the indoor room temperature present a research challenge for model building. The paper statistically identifies the parameters influencing the indoor room temperature forecasting and their relationship with the forecasted model. Considering Indian climatic, geographical and building structure conditions, the paper presents a systematic mathematical model to forecast hourly indoor room temperature for next 120 h with fair degree of accuracy.


2013 ◽  
Vol 291-294 ◽  
pp. 1245-1250
Author(s):  
Jun Yang

Applied with the methodologies of investigation, contrast and analysis this paper becomes more scientific, realistic and effective. Based on the careful study of the energy industry in Henan region the paper proposes some innovative and developmental suggestions. The study of the topic has testified that the local economic development nowadays much relies on energy than anytime before. Because of the oneness and finites of energy resources in Henan region there are very serious existing issues in Henan energy industry. If the increasing speed of energy supply lags behind the increasing speed of energy consumption Henan regional economy would be received a strong impact. The degree how the energy demand is met and the degree how safe the energy supply is, are even much important than manpower, capital and technology in determining the stabilization and growth of future economy. Pushcing on the technicval upgrading and suatainable innovation of energy industry should be the key tasks to remain the local economic growth in the future.


Sensors ◽  
2021 ◽  
Vol 21 (6) ◽  
pp. 1985
Author(s):  
Jae Geun Song ◽  
Eung seon Kang ◽  
Hyeon Woo Shin ◽  
Ju Wook Jang

We implement a peer-to-peer (P2P) energy trading system between prosumers and consumers using a smart contract on Ethereum blockchain. The smart contract resides on a blockchain shared by participants and hence guarantees exact execution of trade and keeps immutable transaction records. It removes high cost and overheads needed against hacking or tampering in traditional server-based P2P energy trade systems. The salient features of our implementation include: 1. Dynamic pricing for automatic balancing of total supply and total demand within a microgrid, 2. prevention of double sale, 3. automatic and autonomous operation, 4. experiment on a testbed (Node.js and web3.js API to access Ethereum Virtual Machine on Raspberry Pis with MATLAB interface), and 5. simulation via personas (virtual consumers and prosumers generated from benchmark). Detailed description of our implementation is provided along with state diagrams and core procedures.


2010 ◽  
pp. 116-120
Author(s):  
Miklós Szabó ◽  
Béla Szabó ◽  
Sándor Bányácski ◽  
László Simon

The world is in a continuous progress, as a result of which energy consumption and with this the release of gases with adverse impact show rapid increase. As a result of the survey conducted by the International Energy Agency, if the major economic powers do not initiate a change in their energy policy, the increase of energy consumption may as well reach 40 % by 2030. This increased energy demand is getting more and more difficult to fulfill with the fossil energy resources, which is to lead to an increasing significance of renewable energy resources. In Hungary, these energy resources are the best to provide with biomass growth. Biomass growth for energetic purpose can mostly be provided by energy plants, out of which “energy willow” (Salix viminalis L.) is outstanding with its high yield and with its excellent burning technology characteristics of its timber. The willow’s cropping technology is being established in our country. One of our tasks is to work out an adequate weed control plan. The professional and safe use of herbicides can increase the success of production. In our paper, we discuss the weed flora data collected on  treatments applied in the different fertilizer and compost. We started our survey in 2010. We examined twelve different fertilizer and compost treated areas. The dominant weeds were: Amaranthus retroflexus, Chenopodium album, Echinochloa crus-galli among annuals; Cirsium arvense and Agropyron repens among the perennials. 


2020 ◽  
Vol 12 (8) ◽  
pp. 3385 ◽  
Author(s):  
Adamu Sani Yahaya ◽  
Nadeem Javaid ◽  
Fahad A. Alzahrani ◽  
Amjad Rehman ◽  
Ibrar Ullah ◽  
...  

With the increase in local energy generation from Renewable Energy Sources (RESs), the concept of decentralized peer-to-peer Local Energy Market (LEM) is becoming popular. In this paper, a blockchain-based LEM is investigated, where consumers and prosumers in a small community trade energy without the need for a third party. In the proposed model, a Home Energy Management (HEM) system and demurrage mechanism are introduced, which allow both the prosumers and consumers to optimize their energy consumption and to minimize electricity costs. This method also allows end-users to shift their load to off-peak hours and to use cheap energy from the LEM. The proposed solution shows how energy consumption and electricity cost are optimized using HEM and demurrage mechanism. It also provides economic benefits at both the community and end-user levels and provides sufficient energy to the LEM. The simulation results show that electricity cost is reduced up to 44.73% and 28.55% when the scheduling algorithm is applied using the Critical Peak Price (CPP) and Real-Time Price (RTP) schemes, respectively. Similarly, 65.15% and 35.09% of costs are reduced when CPP and RTP are applied with demurrage mechanism. Moreover, 51.80% and 44.37% electricity costs reduction is observed when CPP and RTP are used with both demurrage and scheduling algorithm. We also carried out security vulnerability analysis to ensure that our energy trading smart contract is secure and bug-free against the common vulnerabilities and attacks.


2017 ◽  
Vol 10 (13) ◽  
pp. 305
Author(s):  
Ankush Rai ◽  
Jagadeesh Kannan R

The development of any region or territory stems from its own dynamic nature. Distribution and consumption of energy resources are varied territorially which in turn is ruled by the number of anthropogenic activities in association with geospatial localization. Such territorial dynamics necessitate considerable modifications of the energy infrastructure. Thus, the development of a computational multi-scale unified energy consumption model with the usage of geographic information help in automating data analysis processes for sustainable urban planning, allocation of energy saving infrastructures and strategic deployment of the renewable energy resources in order to finely regulate the utilization of energy resources for sustainable energy consumption. But the integration of city-wide energy system models and Geographic Information Systems (GIS) is still in its infancy. Thus we propose a computational infrastructure for modeling city wide geospatial energy consumption and automating the data analysis process to provide the sustainable environmental policy which require artificial intelligence based geospatial aware comprehensive planning regarding the modification of the energy supply, consumption, activities and infrastructures in cities. Thus end result of the presented research research work is fine-grained energy demand estimation from data sources, decentralized storage facility and automated sustainable planning; investigation of GIS based anthropogenic activities or mobility pattern influencing the wastage of energy resources, the transition from purely structural to operational planning, and, finally, the development of a new dynamic based power market design.


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