Tailored energy markets are of interest for local communities with the aim to maximise the exploitation of local resources. Demand side integration policies allow controllable loads participating in the microgrid control. In this scenario, a double-sided market for ancillary service which exploits a continuous double auction as trading mechanism and a Blockchain platform as a settlement tool is proposed in this paper. The aim is to make microgrid participants responsible for their imbalances, quickly solve the decentralised resource allocation problem by identifying the parties for the P2P service provision. Furthermore, settlement requirements are reduced due to transactions automatically executed by smart contracts. By combining the three topics, a unique framework for a market-based microgrid control is formalised.

Blockchain local markets for the distributed control of microgrids

Marco GALICI
Software
;
Emilio GHIANI
Conceptualization
;
Fabrizio PILO
Conceptualization
;
Simona RUGGERI
Membro del Collaboration Group
;
Matteo TRONCIA
Conceptualization
2019-01-01

Abstract

Tailored energy markets are of interest for local communities with the aim to maximise the exploitation of local resources. Demand side integration policies allow controllable loads participating in the microgrid control. In this scenario, a double-sided market for ancillary service which exploits a continuous double auction as trading mechanism and a Blockchain platform as a settlement tool is proposed in this paper. The aim is to make microgrid participants responsible for their imbalances, quickly solve the decentralised resource allocation problem by identifying the parties for the P2P service provision. Furthermore, settlement requirements are reduced due to transactions automatically executed by smart contracts. By combining the three topics, a unique framework for a market-based microgrid control is formalised.
978-2-9602415-0-1
Microgrid, Local Energy Community, Peer-to-Peer (P2P) energy transactions, Blockchain
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11584/276991
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