EnerPort: Irish Blockchain project for peer- to-peer energy trading

Verma, Piyush; O’Regan, Brian; Hayes, Barry; Thakur, Subhasis; Breslin, John G.

doi:10.1186/s42162-018-0057-8

Cited by 26 publications

(20 citation statements)

References 4 publications

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“…Smart electricity markets comprise electricity consumers, prosumers (producers and consumers), and service providers or aggregators as equal participants [132]. Small consumers and prosumers would be free to bundle their demand in an aggregator group or offer electricity self-reliantly on a blockchain network [108].…”

Section: Subsidiary Peer-to-peer (P2p) Marketsmentioning

confidence: 99%

“…New combinations of wireless internet communication and blockchain technology could be used to transmit information on free flexibilities even from remote locations and would, at the same time, allow all prosumers to interconnect their electronic devices through the internet of things [108].…”

Section: Subsidiary Peer-to-peer (P2p) Marketsmentioning

confidence: 99%

“…Flexible grid participants, disposing of adequate storage media do not depend on continuous electricity consumption or feed-in according to their on-time requirement but decide, when they take recourse to electricity on the grid [134]. Electric cars and shared charging piles would take an important buffering role [108]. Prices would then be adaptive to grid conditions, i.e., electricity is cheaper in periods of high inflow and low demand and more expensive for high demand and low inflow [135].…”

Section: Subsidiary Peer-to-peer (P2p) Marketsmentioning

confidence: 99%

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Regional Flexibility Markets—Solutions to the European Energy Distribution Grid—A Systematic Review and Research Agenda

Rösch

Treffinger

Koch³

2021

Energies

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The German government is aiming to increase the share of renewable energies in the electricity supply to 80% in 2050. To date, however, neither the technical requirements nor the market requirements to implement this aim are provided: Germany is struggling to establish the technical requirements and the market requirements to meet this goal. As an important incentive mechanism, the German government has used and continues to use support measures, such as guaranteed feed-in tariffs, and continuously adapts these to market developments and requirements of the European Union. The purpose of the study is to outline a concept for the implementation of regional flexibility markets in Europe based on a thorough review of technical solutions. The method of a comprehensive review of research in regional flexibility markets of electricity, distribution, and pricing from the study is applied to summarize and discuss the opportunities, risks, and future potentials of grid distribution technology. Based on the insights, a new market-based supply and distribution scheme for electricity, which is aimed to benefit of a fully regenerative, decentral and fairly priced electricity markets on the European level is presented. The study suggests a blockchain based pricing mechanism which shall allow equal market access for consumer, providers, and grid operators and rewards regenerative production and short-distance transmission.

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Section: Subsidiary Peer-to-peer (P2p) Marketsmentioning

confidence: 99%

Section: Subsidiary Peer-to-peer (P2p) Marketsmentioning

confidence: 99%

Section: Subsidiary Peer-to-peer (P2p) Marketsmentioning

confidence: 99%

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Regional Flexibility Markets—Solutions to the European Energy Distribution Grid—A Systematic Review and Research Agenda

Rösch

Treffinger

Koch³

2021

Energies

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“…Figure 2 shows the key blockchain based energy applications. In energy trading applications either at the wholesale [10] or local level, such as peer-to-peer energy trading [11,12], blockchain will provide a reliable verification process for trading without needing authentication from a third party. Having a standardized global blockchain infrastructure can also provide frictionless cross-border energy trading.…”

Section: Current Blockchain In Energy Applicationsmentioning

confidence: 99%

Blockchain in Energy Efficiency: Potential Applications and Benefits

et al. 2019

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Blockchain technology is ready to disrupt nearly every industry and business model, and the energy sector is no exception. Energy businesses across the world have already started exploring the use of blockchain technology in large-scale energy trading systems, peer-to-peer energy trading, project financing, supply chain tracking, and asset management among other applications. Information and Communication Technologies (ICTs) recently started revolutionizing the energy landscape, and now blockchain technology is providing an additional opportunity to make the energy system more intelligent, efficient, transparent, and secure in the longer term. The idea of this paper is to examine more closely the use of blockchain technology for its possible application in the energy efficiency industry and to determine how it could make energy efficiency markets more secure and transparent in the longer term. This paper examines in detail the key benefits and implications of using blockchain in the energy efficiency sector through the presentation and discussion of two case studies as possible blockchain applications—(i) the UK Energy Company Obligation scheme and (ii) the Italian White Certificate Scheme. We have presented how the key issues around trading energy efficiency savings—correctly estimating the savings, data transparency among stakeholders, and inefficient administrative processes—can be solved through the application of a blockchain-based smart contract system. Finally, this paper presents an implementation of a smart contract for trading of energy-saving certificates achieved via execution of smart contract transactions on the Ethereum blockchain.

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“…(2019), é o alto consumo de energia da mesma(BÜRER et al, 2019;DI SILVESTRE et al, 2020;WU;TRAN, 2018). O autor DI SILVESTRE et al(2020) destaca ainda que além dos altos custos de energia, a tecnologia blockchain também apresenta como desafio técnico a escalabilidade, e a velocidade.Nos estudosde POP et. al.…”

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