학술논문

Blockchain based Energy Management and Trading System
Document Type
Conference
Source
2024 11th International Conference on Reliability, Infocom Technologies and Optimization (Trends and Future Directions) (ICRITO) Reliability, Infocom Technologies and Optimization (Trends and Future Directions) (ICRITO), 2024 11th International Conference on. :1-6 Mar, 2024
Subject
Communication, Networking and Broadcast Technologies
Components, Circuits, Devices and Systems
Computing and Processing
Engineering Profession
Robotics and Control Systems
Signal Processing and Analysis
Energy consumption
Costs
Electricity
Energy exchange
Smart contracts
Peak to average power ratio
Blockchains
Peer-to-Peer(P2P)
Renewable Energy Source(RES)
Prosume-to-Grid(P2G)
Peak-to-Average Ratio(PAR)
Smart Contract
Language
ISSN
2769-2884
Abstract
When renewable energy sources (RESs) are used to generate energy at user premises, the application of local energy creation and peer-to-peer (P2P) energy exchange in the local market can help reduce energy consumption costs and emissions of harmful gases while also enhancing the resilience of the smart grid. In order to establish a blockchain-based hybrid P2P energy trading market, this article suggests a method. Because a blockchain system is by its very nature decentralized, market players can easily communicate and exchange energy without the involvement of a middleman. Because they contain the necessary regulations for energy trading, smart contracts are very important in the blockchainbased energy trading market. In order to operationalize the hybrid electricity trading market, we have suggested three smart contracts. Participants in the market communicate with the main smart contract, which communicates with the prosumer-to-grid (P2G) and P2P smart contracts for additional processing. The main goals of this study are to create a model that will help construct an effective hybrid energy trading market with the least amount of expenses and peak-to-average ratio (PAR) of power.