Blockchain for energy sharing and trading in distributed prosumer communities

Petri, Ioan; Barati, Masoud; Rezgui, Yacine; Rana, Omer

doi:10.1016/j.compind.2020.103282

Cited by 52 publications

(21 citation statements)

References 39 publications

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“…The use of local, prosumer energy sources will require initiatives from building managers and residents themselves. A new model of energy billing between local prosumers, using blockchain technology, would be useful in this solution (smart contracts, peer-topeer market, energy transactions) [81][82][83][84][85][86][87], which requires the appropriate legal changes [88]. However, the use of blockchain in the energy sector will not be limited to settlement issues alone [85,89].…”

Section: Consequence: Digital Settlements For Energy Exchangementioning

confidence: 99%

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Impact of the Lockdown during the COVID-19 Pandemic on Electricity Use by Residential Users

et al. 2021

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The COVID-19 pandemic and the associated lockdown can be regarded as a forced social experiment, the results of which show how to use energy under specific conditions. During this period, there was a reduction in electricity consumption at the level of the power system, but a different specificity distinguishes the group of household users. The article aims at presenting and analysing the identified issues concerning residential electricity users based on the experience from the COVID-19 pandemic lockdown. Data from energy meters from almost 7000 flats in Warsaw’s housing estates during the lockdown in 2020 and the analogous period before the pandemic were used. The analysis showed that, on average, residential users staying practically the whole day in their flats increased their energy consumption, but without increasing their average daily peak power, smoothing the profile in the morning hours to the level reaching the peak power that had occurred in the analogous period before the lockdown. The peak power of the sections feeding the different numbers of dwellings also remained practically unchanged during the lockdown compared to the pre-pandemic period. The pressure to work and educate remotely should contribute to an increase in the digital competence of society, which may result in an increased interest in new forms of activity and cooperation based on demand-side response and prosumption mechanisms, with digital settlements for energy exchange and services.

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Section: Consequence: Digital Settlements For Energy Exchangementioning

confidence: 99%

“…Blockchain can be utilised as a means to support energy exchanges in a community of prosumers [86]. A holistic exploration and conceptualization of blockchain-based microgrids, as well as practical implications for institutional development and academic research, are presented in [82].…”

Section: Consequence: Digital Settlements For Energy Exchangementioning

confidence: 99%

Impact of the Lockdown during the COVID-19 Pandemic on Electricity Use by Residential Users

et al. 2021

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“…Soto et al [32] structured the research in this area in the form of a literature review and conclude that although blockchain technology has the potential to make trading platforms more secure and efficient, challenges in the speed of data transmission and security levels remain. Further reviews of blockchain technology in the energy sector [33][34][35] recognize the transition from a centralized to a decentralized system in the energy sector, admitting the stage of an early development phase of DLT applications. For the emissions trading, a necessity to meet the Paris Agreement lies in a paradigm shift from international to transnational trading and is assumed to rely on information technology (IT) solutions within a public-private governance framework [36].…”

Section: Related Literaturementioning

confidence: 99%

A European Emissions Trading System Powered by Distributed Ledger Technology: An Evaluation Framework

Mandaroux

Dong

Li³

2021

Sustainability

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The European Union Emissions Trading System (EU ETS) is a major pillar of the European energy policy to reduce greenhouse gas emissions. However, the reportedly pervasive frauds in this market are constraining the beneficial role of the EU ETS. In this conceptual paper, we propose to digitalize the EU ETS by distributed ledger technology (DLT), enabling the verification of authenticity and provenance, proof of ownership, and lifecycle traceability of carbon certificates and assets. Our platform allows verifiable credentials to validate emission allowances, real-time tracking of trading participants’ emissions, and the audit trail reporting of the decentralized trading records. Furthermore, we complement the DLT application concept with a structured interdisciplinary evaluation framework. Our framework and analysis aim to stimulate further interdisciplinary research in this area to support regulators, such as the European Commission, in designing effective digital emissions trading systems.

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“…Old, out-dated, or somewhat close simulation tools that were initially implemented for classical Peer-to-Peer networks, such as PeerSim ( Montresor & Jelasity, 2009 ), may not be able to cover all the mechanisms of a modern BC system. Although some recently proposed systems use PeerSim, such as Petri et al (2020) , it surly required vast amount of changes, modifications, and additions to redesign it into a BC simulation tool.…”

Section: Introductionmentioning

confidence: 99%

FoBSim: an extensible open-source simulation tool for integrated fog-blockchain systems

Baniata¹,

Kertész²

2021

PeerJ Computer Science

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A lot of hard work and years of research are still needed for developing successful Blockchain (BC) applications. Although it is not yet standardized, BC technology was proven as to be an enhancement factor for security, decentralization, and reliability, leading to be successfully implemented in cryptocurrency industries. Fog computing (FC) is one of the recently emerged paradigms that needs to be improved to serve Internet of Things (IoT) environments of the future. As hundreds of projects, ideas, and systems were proposed, one can find a great R&D potential for integrating BC and FC technologies. Examples of organizations contributing to the R&D of these two technologies, and their integration, include Linux, IBM, Google, Microsoft, and others. To validate an integrated Fog-Blockchain protocol or method implementation, before the deployment phase, a suitable and accurate simulation environment is needed. Such validation should save a great deal of costs and efforts on researchers and companies adopting this integration. Current available simulation environments facilitate Fog simulation, or BC simulation, but not both. In this paper, we introduce a Fog-Blockchain simulator, namely FoBSim, with the main goal to ease the experimentation and validation of integrated Fog-Blockchain approaches. According to our proposed workflow of simulation, we implement different Consensus Algorithms (CA), different deployment options of the BC in the FC architecture, and different functionalities of the BC in the simulation. Furthermore, technical details and algorithms on the simulated integration are provided. We validate FoBSim by describing the technologies used within FoBSim, highlighting FoBSim’s novelty compared to the state-of-the-art, discussing the event validity in FoBSim, and providing a clear walk-through validation. Finally, we simulate case studies, then present and analyze the obtained results, where deploying the BC network in the fog layer shows enhanced efficiency in terms of total run time and total storage cost.

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Blockchain for energy sharing and trading in distributed prosumer communities

Cited by 52 publications

References 39 publications

Impact of the Lockdown during the COVID-19 Pandemic on Electricity Use by Residential Users

Impact of the Lockdown during the COVID-19 Pandemic on Electricity Use by Residential Users

A European Emissions Trading System Powered by Distributed Ledger Technology: An Evaluation Framework

FoBSim: an extensible open-source simulation tool for integrated fog-blockchain systems

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