enerDAG – Towards a DLT-based Local Energy Trading Platform

2020 ◽  
Author(s):  
Christoph Gros ◽  
Mark Schwed ◽  
Stefan Mueller ◽  
Oliver Bringmann
Keyword(s):  
Local Energy ◽  
Energy Trading

scholarly journals SynergyGrids: blockchain-supported distributed microgrid energy trading

2021 ◽  
Author(s):  
Moayad Aloqaily ◽  
Ouns Bouachir ◽  
Öznur Özkasap ◽  
Faizan Safdar Ali
Keyword(s):  
Energy Consumption ◽  
Energy Demand ◽  
Hybrid Approach ◽  
Energy Resources ◽  
Local Energy ◽  
Trading System ◽  
Data Set ◽  
Energy Trading ◽  
Hybrid Energy ◽  
Smart Contract

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.

Cournot oligopoly game-based local energy trading considering renewable energy uncertainty costs

2020 ◽  
Vol 159 ◽  
pp. 1117-1127
Author(s):  
Yajun Zhang ◽  
Chenghong Gu ◽  
Xiaohe Yan ◽  
Furong Li
Keyword(s):  
Renewable Energy ◽  
Cournot Oligopoly ◽  
Local Energy ◽  
Energy Trading

scholarly journals Two-step market clearing for local energy trading in feeder-based markets

2019 ◽  
Vol 2019 (18) ◽  
pp. 4775-4779 ◽  
Author(s):  
Mohsen Khorasany ◽  
Yateendra Mishra ◽  
Gerard Ledwich
Keyword(s):  
Local Energy ◽  
Market Clearing ◽  
Energy Trading

scholarly journals Engineering Energy Markets: The Past, the Present, and the Future

2021 ◽  
pp. 113-134
Author(s):  
Clemens van Dinther ◽  
Christoph M. Flath ◽  
Johannes Gaerttner ◽  
Julian Huber ◽  
Esther Mengelkamp ◽  
...  
Keyword(s):  
Energy Supply ◽  
Energy Transition ◽  
Energy System ◽  
Congestion Management ◽  
Energy Markets ◽  
Local Energy ◽  
Energy Trading ◽  
Good Market ◽  
Efficient Resource ◽  
Market Engineering

AbstractSince the beginning of the energy sector liberalization, the design of energy markets has become a prominent field of research. Markets nowadays facilitate efficient resource allocation in many fields of energy system operation, such as plant dispatch, control reserve provisioning, delimitation of related carbon emissions, grid congestion management, and, more recently, smart grid concepts and local energy trading. Therefore, good market designs play an important role in enabling the energy transition toward a more sustainable energy supply for all. In this chapter, we retrace how market engineering shaped the development of energy markets and how the research focus shifted from national wholesale markets to more decentralized and location-sensitive concepts.

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