Blockchain-enabled Peer-to-Peer energy trading

Pornpit Wongthongtham, Daniel Marrable, Bilal Abu-Salih, Xin Liu, Greg Morrison

Research output: Contribution to journalArticlepeer-review

Abstract

The increasing amount of distributed power generation from rooftop solar panels allows new electricity markets to emerge in which prosumers and consumers can trade locally produced energy. The use of blockchain technology has increasingly emerged in energy markets and shows great potential to facilitate Peer-to-Peer energy trading. However, blockchain technology is still in its infancy meaning it is not yet being used to its’ full potential. In this paper, blockchain technology for Peer-to-Peer energy trading and its implications are explored, especially in view of the ‘trilemma’: scalability, security, and decentralisation. Peer-to-Peer energy trading is the focus of this paper, which ultimately proposes a blockchain scalability solution. This solution is empirically modelled using data collected in a trial case study. The proposed solution increases scalability without compromising security and decentralisation when compared to base layer models.

Original languageEnglish
Article number107299
JournalComputers and Electrical Engineering
Volume94
DOIs
Publication statusPublished - Sep 2021

Fingerprint

Dive into the research topics of 'Blockchain-enabled Peer-to-Peer energy trading'. Together they form a unique fingerprint.

Cite this