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Energies
Article . 2023 . Peer-reviewed
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Energies
Article . 2023
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Energies
Article . 2023 . Peer-reviewed
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Blockchain-Enabled Microgrids: Toward Peer-to-Peer Energy Trading and Flexible Demand Management

Authors: Maarten Evens; Patricia Ercoli; Alessia Arteconi;

Blockchain-Enabled Microgrids: Toward Peer-to-Peer Energy Trading and Flexible Demand Management

Abstract

The energy transition to a decarbonized energy scenario leads toward distributed energy resources in which end users can both generate and consume renewable electricity. As a result, several challenges arise in terms of decentralized energy resource management and grid reliability. With microgrids, the cooperation of distributed energy resources is improved, and with peer-to-peer energy exchange and demand response programs, better energy allocation and flexible management of consumption loads according to the needs of supply systems are achieved. However, effective peer-to-peer energy allocation and flexible demand management in microgrids require the development of market structures, pricing mechanisms, and demand response strategies enabled by a reliable communication system. In this field, blockchain offers a decentralized communication tool for energy transactions that can provide transparency, security, and immutability. Therefore, this paper provides a comprehensive review of key factors for peer-to-peer energy trading and flexible energy demand management in blockchain-enabled microgrids. The goal is to provide guidelines on the basic components that are useful in ensuring efficient operation of microgrids. Finally, using a holistic view of technology adoption as a tool for peer-to-peer communication in microgrids, this paper reviews projects aimed at implementing blockchain in energy trading and flexible demand management.

Related Organizations
Keywords

blockchain, Technology, transactive energy, microgrids, T, peer-to-peer energy trading, distributed energy resources, energy flexibility

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    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
10
Average
Average
Top 10%
gold