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Designing a Framework for Power Exchange in Local Energy Market of a
Microgrid Using the Concept of Blockchain Technology

Rezaie, Farhad | 2020

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  1. Type of Document: M.Sc. Thesis
  2. Language: Farsi
  3. Document No: 52600 (46)
  4. University: Sharif University of Technology
  5. Department: Energy Engineering
  6. Advisor(s): Moeini Aghtaee, Moein
  7. Abstract:
  8. By entering the concepts of transactive energy systems, microgrids and peer-to-peer networks into the local energy market, it has made it possible to implement local energy market in the microgrids more than ever. In transactive energy systems, with the elimination of the intermediate entity, exchanges take place directly between the different parts of the system, which results in increased system flexibility and reduced system costs. In this study, by applying blockchains in local energy market and in micro-grids and transactive energy systems, a framework is proposed to implement local energy market in an energy micro-grid based on blockchain. By using blockchain features and structure, the challenges of local energy markets, including issues related to security and privacy, transparency and removal of intermediaries, can be resolved. To investigate using of blockchain on peer-to-peer transactions in the local energy market, a smart contract based on the blockchain platform for a local energy market has been coded in a hypothetical microgrid that with using the information and results of the written contract, the efficiency of the blockchain has been proven. The results show that a local energy market can be implemented on the blockchain platform and smart contracts can be used for power exchanges between producers and consumers without worrying about information security. At the end of the study, with using mathematical equations for calculating distribution network losses, it can be seen that the use of microgrids in the local energy market can lead to a significant reduction in distribution network losses, which using of blockchain can increase social acceptance in the local energy market that this would be resulting in a further reduction in distribution network losses
  9. Keywords:
  10. Energy Market ; Microgrid ; Blockchain ; Transactive Energy ; Renewable Energy Resources ; Peer-to-Peer Network

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