Blockchain-Enabled Microgrids: Toward Peer-to-Peer Energy Trading and Flexible Demand Management
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,...
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| Format: | Article |
| Language: | English |
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MDPI AG
2023-09-01
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| Series: | Energies |
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| Online Access: | https://www.mdpi.com/1996-1073/16/18/6741 |
| _version_ | 1797580341480783872 |
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| author | Maarten Evens Patricia Ercoli Alessia Arteconi |
| author_facet | Maarten Evens Patricia Ercoli Alessia Arteconi |
| author_sort | Maarten Evens |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-03-10T22:49:38Z |
| format | Article |
| id | doaj.art-cb1d9279e30443bdbe684eecc82de0b5 |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-10T22:49:38Z |
| publishDate | 2023-09-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-cb1d9279e30443bdbe684eecc82de0b52023-11-19T10:29:25ZengMDPI AGEnergies1996-10732023-09-011618674110.3390/en16186741Blockchain-Enabled Microgrids: Toward Peer-to-Peer Energy Trading and Flexible Demand ManagementMaarten Evens0Patricia Ercoli1Alessia Arteconi2Department of Mechanical Engineering, KU Leuven, 3000 Leuven, BelgiumDipartimento di Ingegneria Industriale e Scienze Matematiche, Università Politecnica delle Marche, 60131 Ancona, ItalyDepartment of Mechanical Engineering, KU Leuven, 3000 Leuven, BelgiumThe 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.https://www.mdpi.com/1996-1073/16/18/6741distributed energy resourcesmicrogridsblockchainpeer-to-peer energy tradingenergy flexibilitytransactive energy |
| spellingShingle | Maarten Evens Patricia Ercoli Alessia Arteconi Blockchain-Enabled Microgrids: Toward Peer-to-Peer Energy Trading and Flexible Demand Management Energies distributed energy resources microgrids blockchain peer-to-peer energy trading energy flexibility transactive energy |
| title | Blockchain-Enabled Microgrids: Toward Peer-to-Peer Energy Trading and Flexible Demand Management |
| title_full | Blockchain-Enabled Microgrids: Toward Peer-to-Peer Energy Trading and Flexible Demand Management |
| title_fullStr | Blockchain-Enabled Microgrids: Toward Peer-to-Peer Energy Trading and Flexible Demand Management |
| title_full_unstemmed | Blockchain-Enabled Microgrids: Toward Peer-to-Peer Energy Trading and Flexible Demand Management |
| title_short | Blockchain-Enabled Microgrids: Toward Peer-to-Peer Energy Trading and Flexible Demand Management |
| title_sort | blockchain enabled microgrids toward peer to peer energy trading and flexible demand management |
| topic | distributed energy resources microgrids blockchain peer-to-peer energy trading energy flexibility transactive energy |
| url | https://www.mdpi.com/1996-1073/16/18/6741 |
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