A new architecture for Smart Contracts definition in Demand Response Programs

Silvestre, Maria Luisa Di; Gallo, Pierluigi; Sanseverino, Eleonora Riva; Sciumè, Giuseppe; Zizzo, Gaetano

doi:10.1109/eeeic.2019.8783960

Cited by 10 publications

(10 citation statements)

References 4 publications

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“…This work is an improvement of [43]. It shows the use of the blockchain technology and smart contracts for creating a reliable and transparent DR remuneration mechanism.…”

Section: Discussionmentioning

confidence: 98%

“…The smart contract then computes the support that each customer can provide to fulfill the requested load modification and remunerates customers proportionally to their contribution with DRtokens. The improvements with respect to [43] consist in the CBL calculation, evaluated using a well known averaging method, and the evaluation of the customers' potential contribution to the next DR event, evaluated considering the "Availability Profile" of the customers. Moreover, a novelty was introduced, with the aim of improving data privacy in the network.…”

Section: Discussionmentioning

confidence: 99%

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Aggregation and remuneration in Demand-Response with a blockchain-based framework

Silvestre

Gallo

Sanseverino

et al. 2020

IEEE Trans. on Ind. Applicat.

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This paper describes the possibility to use the blockchain technology for load and generation aggregation in a new distributed Demand Response (DR) service and customers remuneration system. The blockchain technology and the use of smart contracts for DR allow the creation of a distributed system in which customers can communicate directly, in a transparent, secure and traceable way, with the grid operator to provide their flexibility. In this paper, the DR problem formulation takes into account several aspects, which are periodically executed. First, the blockchain records customers' energy consumption or production, then, the smart contract starts calculating the baseline and the potential support provided by each customer to fulfill the requested load adaptation. Customers' availability for generation and load profile modulation is also taken into account, as well as their privacy and an updated definition of the roles of grid and market operators in a new Demand-Response scenario supported by the blockchain technology. The blockchain used is Hyperledger Fabric, since it turned to be flexible for smart contracts implementation while supporting multi-tenancy. Results show the possibility to successfully apply the blockchain technology to this particular topic, even considering privacypreserving issues.

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“…This work is an improvement of [43]. It shows the use of the blockchain technology and smart contracts for creating a reliable and transparent DR remuneration mechanism.…”

Section: Discussionmentioning

confidence: 98%

Section: Discussionmentioning

confidence: 99%

Aggregation and remuneration in Demand-Response with a blockchain-based framework

Silvestre

Gallo

Sanseverino

et al. 2020

IEEE Trans. on Ind. Applicat.

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“…In other words, the power losses resulting from energy exchange is charged, as ancillary services or dynamic mining fees, on top of the respective transactions. In another work, Di Silvestre et al (2019aSilvestre et al ( , 2019b studied the possibility to use a smart contract for defining a distributed demand-response mechanism. Such a system allows the consumers to request a IJPCC 18,4 specific energy resource ahead of time, and then the producer generates the requested resources only, thus minimizing energy losses.…”

Section: Related Workmentioning

confidence: 99%

“…Smart metering is important for source-based reconciliation and smart contract triggering. Smart metering has been frequently used in utility resource trading systems (Di Silvestre et al, 2019a, 2019bPop et al, 2018) and is considered to be a key factor in financial settlement. Our proposed framework incorporates smart metering.…”

Section: Framework Requirementsmentioning

confidence: 99%

“…Existing solutions are still in the infancy stages, especially when the business models motivating parties to adopt these solutions have hardly been explored. Energy trading platforms have been heavily discussed (Mengelkamp et al , 2018; Di Silvestre et al , 2018; Di Silvestre et al , 2019a, 2019b; Pop et al , 2018; Zeadally and Abdo, 2019), but having a per-utility platform is not the optimal solution. To address this issue, in this work, we propose a multi-utility market framework for exchanging resources/utilities.…”

Section: Introductionmentioning

confidence: 99%

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Multi-utility framework: blockchain exchange platform for sustainable development

Abdo

Zeadally

2020

IJPCC

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Purpose The purpose of this paper is to design a sustainable development platform for water and energy peer-to-peer trading that is financially and economically feasible. Water and other resources are becoming scarcer every day, and developing countries are the neediest for an immediate intervention. Water, as a national need, is considered to be one of the most precious commodities, but it is also one of the main causes for conflicts in the 21st century. Rainwater harvesting and peer-to-peer trading of the harvested water is one of the most convenient, scalable and sustainable solutions but faces organization challenges such as the absence of suitable business models motivating normal users to sell their generated resources (such as water and energy), currency and financial settlement complexities and single utility markets. Design/methodology/approach This paper proposes a multi-utility trading platform based on the blockchain technology which can address the challenges faced by peer-to-peer trading for resources such as energy and water. Findings This paper presents a peer-to-peer multi-utility trading platform that solves the shortcomings of existing utility frameworks reported in the current literature. Originality/value This proposed platform meets the needs of developing countries as well as rural areas of developed countries. The open nature of the proposed design makes it suitable for adoption and use by various stakeholders.

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Market models and optimization techniques to support the decision-making on demand response for prosumers

Silva

Henrique

Silva

et al. 2022

Electric Power Systems Research

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A new architecture for Smart Contracts definition in Demand Response Programs

Cited by 10 publications

References 4 publications

Aggregation and remuneration in Demand-Response with a blockchain-based framework

Aggregation and remuneration in Demand-Response with a blockchain-based framework

Multi-utility framework: blockchain exchange platform for sustainable development

Market models and optimization techniques to support the decision-making on demand response for prosumers

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