Distributed ledger technologies for peer-to-peer local markets in distribution networks

M. Troncia, M. Galici, M. Mureddu, E. Ghiani, F. Pilo

Energies Vol. 12, nº. 17, pp. 3249-1 - 3249-19

Resumen:

The newest Distributed Ledger Technology platforms, which delegate the execution of complex tasks in the form of Smart Contracts, make it possible to devise novel local electricity market frameworks, which are performed in a fully automated fashion. This paper proposes a novel fully automated platform for energy and ancillary service markets in distribution networks, able to run in a decentralized fashion, bypassing the need for a physical central authority. The proposed platform, able to perform the role of Virtual Decentralized Market Authority, shows excellent potential applications in the management of local ancillary service markets in local energy communities of various sizes. The proposed Virtual Decentralized Market Authority showed reasonable running costs and comparable technical management capabilities with respect to a physical, centralized managing authority. 

Palabras Clave: local energy markets; Distributed Ledger Technologies; Blockchain; smart contracts; Continuous Double Auction; ancillary services; peer to peer

Índice de impacto JCR y cuartil WoS: 2,702 - Q3 (2019); 3,200 - Q3 (2022)

Referencia DOI: https://doi.org/10.3390/en12173249

Publicado en papel: Septiembre 2019.

Publicado on-line: Agosto 2019.

Cita:
M. Troncia, M. Galici, M. Mureddu, E. Ghiani, F. Pilo, Distributed ledger technologies for peer-to-peer local markets in distribution networks. Energies. Vol. 12, nº. 17, pp. 3249-1 - 3249-19, Septiembre 2019. [Online: Agosto 2019]