scholarly journals A novel decentralized platform for peer-to-peer energy trading market with blockchain technology

2021 ◽  
Vol 282 ◽  
pp. 116123
Author(s):  
Ayman Esmat ◽  
Martijn de Vos ◽  
Yashar Ghiassi-Farrokhfal ◽  
Peter Palensky ◽  
Dick Epema
Keyword(s):  
Peer To Peer ◽  
Energy Trading ◽  
Blockchain Technology ◽  
Trading Market

scholarly journals Emergence of blockchain-technology application in peer-to-peer electrical-energy trading: a review

Clean Energy ◽  
2021 ◽  
Vol 5 (1) ◽  
pp. 104-123
Author(s):  
Manish Kumar Thukral
Keyword(s):  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Research Work ◽  
Energy Sector ◽  
Peer To Peer ◽  
Renewable Energy Resources ◽  
Energy Trading ◽  
Technology Application ◽  
Blockchain Technology ◽  
The Common

Abstract Renewable-energy resources require overwhelming adoption by the common masses for safeguarding the environment from pollution. In this context, the prosumer is an important emerging concept. A prosumer in simple terms is the one who consumes as well as produces electricity and sells it either to the grid or to a neighbour. In the present scenario, peer-to-peer (P2P) energy trading is gaining momentum as a new vista of research that is viewed as a possible way for prosumers to sell energy to neighbours. Enabling P2P energy trading is the only method of making renewable-energy sources popular among the common masses. For making P2P energy trading successful, blockchain technology is sparking considerable interest among researchers. Combined with smart contracts, a blockchain provides secure tamper-proof records of transactions that are recorded in distributed ledgers that are immutable. This paper explores, using a thorough review of recently published research work, how the existing power sector is reshaping in the direction of P2P energy trading with the application of blockchain technology. Various challenges that are being faced by researchers in the implementation of blockchain technology in the energy sector are discussed. Further, this paper presents different start-ups that have emerged in the energy-sector domain that are using blockchain technology. To give insight into the application of blockchain technology in the energy sector, a case of the application of blockchain technology in P2P trading in electrical-vehicle charging is discussed. At the end, some possible areas of research in the application of blockchain technology in the energy sector are discussed.

A Peer-to-Peer energy trading market model based on time-driven prospect theory in a smart and sustainable energy community

2021 ◽  
Vol 28 ◽  
pp. 100542
Author(s):  
Sobhan Dorahaki ◽  
Masoud Rashidinejad ◽  
Seyed Farshad Fatemi Ardestani ◽  
Amir Abdollahi ◽  
Mohammad Reza Salehizadeh
Keyword(s):  
Prospect Theory ◽  
Sustainable Energy ◽  
Peer To Peer ◽  
Market Model ◽  
Energy Trading ◽  
Model Based ◽  
Trading Market ◽  
Energy Community

A peer-to-peer verifiable and secure energy trading framework based on blockchain technology

2021 ◽  
Author(s):  
Santiago de Diego ◽  
Inaki Seco ◽  
Marisa Escalante ◽  
Nikolaos Vakakis ◽  
Schoinas Alexandros ◽  
...  
Keyword(s):  
Peer To Peer ◽  
Energy Trading ◽  
Blockchain Technology

scholarly journals Application of blockchain in integrated energy system transactions

2020 ◽  
Vol 165 ◽  
pp. 01014
Author(s):  
Jianhua Liu ◽  
Shengbo Sun ◽  
Zheng Chang ◽  
Bo Zhou ◽  
Yongli Wang ◽  
...  
Keyword(s):  
Energy Systems ◽  
Energy System ◽  
Peer To Peer ◽  
Energy Trading ◽  
Integrated Energy Systems ◽  
Blockchain Technology ◽  
Centralized Management ◽  
Trading Model ◽  
Integrated Energy System ◽  
Management Method

Blockchain technology is the underlying technology of Bitcoin, which is fair, transparent and decentralized. The integrated energy system has the characteristics of open interconnection, user-centered and distributed peer-to-peer sharing, and its energy trading model will also be developed centrally to distributed. The characteristics of blockchain technology make it naturally applicable to energy transactions in integrated energy systems. This article first analyzes the characteristics of the integrated energy system market and summarizes the participants in the market. Then, based on the existing research and analysis, a blockchain-based energy transaction architecture is designed, and a weakly centralized management method is introduced. finally, the problems and challenges faced by the application of blockchain in energy transactions are analyzed.

scholarly journals Blockchain-Based Peer-to-Peer Energy Trading and Charging Payment System for Electric Vehicles

2021 ◽  
Vol 13 (14) ◽  
pp. 7962
Author(s):  
Prince Waqas Khan ◽  
Yung-Cheol Byun
Keyword(s):  
Electric Vehicles ◽  
Smart Cities ◽  
Transportation Systems ◽  
Peer To Peer ◽  
Payment System ◽  
Human Interaction ◽  
Energy Trading ◽  
Trading Systems ◽  
Blockchain Technology ◽  
Charging Stations

The world is moving rapidly from carbon-producing vehicles to green transportation systems. Electric vehicles (EV) are a big step towards a friendly mode of transport. With the constant rise in the number of electric vehicles, we need a widespread and seamless charging infrastructure that supports seamless charging and billing. Some users generate electricity using solar panels and charge their electric vehicles. In contrast, some use charging stations, and they pay for vehicle charging. This raises the question of trust and transparency. There are many countries where laws are not strictly enforced to prevent fraud in payment systems. One of the preeminent problems presently existing with any of the trading systems is the lack of transparency. The service provider can overcharge the customer. Blockchain is a modern-day solution that mitigates trust and privacy issues. We have proposed a peer-to-peer energy trading and charging payment system for electric vehicles based on blockchain technology. Users who have excess electricity which they can sell to the charging stations through smart contracts. Electric vehicle users can pay the charging bills through electronic wallets. We have developed the electric vehicle’s automatic-payment system using the open-source platform Hyperledger fabric. The proposed system will reduce human interaction and increase trust, transparency, and privacy among EV participants. We have analyzed the resource utilization and also performed average transaction latency and throughput evaluation. This system can be helpful for the policymakers of smart cities.

A peer-to-peer energy trading market embedded with residential shared energy storage units

2022 ◽  
Vol 308 ◽  
pp. 118400
Author(s):  
Boshen Zheng ◽  
Wei Wei ◽  
Yue Chen ◽  
Qiuwei Wu ◽  
Shengwei Mei
Keyword(s):  
Energy Storage ◽  
Peer To Peer ◽  
Energy Trading ◽  
Trading Market ◽  
Storage Units

scholarly journals Novel Gaussian flower pollination algorithm with IoT for unit price prediction in peer-to-peer energy trading market

2021 ◽  
Author(s):  
Satyabrata Sahoo ◽  
Saratchandra Swain ◽  
Ritesh Dash ◽  
Sanjeevikumar P. ◽  
Jyotheeswara Reddy K. ◽  
...  
Keyword(s):  
Peer To Peer ◽  
Unit Price ◽  
Flower Pollination Algorithm ◽  
Energy Trading ◽  
Price Prediction ◽  
Flower Pollination ◽  
Trading Market

scholarly journals Privacy-Preserving Peer-to-Peer Energy Trading in Blockchain-Enabled Smart Grids Using Functional Encryption

Energies ◽  
2020 ◽  
Vol 13 (6) ◽  
pp. 1321 ◽  
Author(s):  
Ye-Byoul Son ◽  
Jong-Hyuk Im ◽  
Hee-Yong Kwon ◽  
Seong-Yun Jeon ◽  
Mun-Kyu Lee
Keyword(s):  
Distribution System ◽  
Smart Grids ◽  
Renewable Energy Sources ◽  
Peer To Peer ◽  
Smart Contracts ◽  
Functional Encryption ◽  
Smart Meters ◽  
Trade Surplus ◽  
Energy Trading ◽  
Blockchain Technology

Advanced smart grid technologies enable energy prosumers to trade surplus energy from their distributed renewable energy sources with other peer prosumers through peer-to-peer (P2P) energy trading. In many previous works, P2P energy trading was facilitated by blockchain technology through blockchain’s distributive nature and capacity to run smart contracts. However, the feature that all the data and transactions on a blockchain are visible to all blockchain nodes may significantly threaten the privacy of the parties participating in P2P energy trading. There are many previous works that have attempted to mitigate this problem. However, all these works focused on the anonymity of participants but did not protect the data and transactions. To address this issue, we propose a P2P energy trading system on a blockchain where all bids are encrypted and peer matching is performed on the encrypted bids by a functional encryption-based smart contract. The system guarantees that the information encoded in the encrypted bids is protected, but the peer matching transactions are performed by the nodes in a publicly verifiable manner through smart contracts. We verify the feasibility of the proposed system by implementing a prototype composed of smart meters, a distribution system operator (DSO) server, and private Ethereum blockchain.

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