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Peer-to-Peer Communication Trade-Offs for Smart Grid Applications [article]

Purboday Ghosh, Shashank Shekhar, Yashen Lin, Ulrich Muenz, Gabor Karsai
2022 arXiv   pre-print
This paper provides a flexible solution for application developers to prototype and deploy different virtual topologies that balances these trade-offs.  ...  However, such sparsely connected virtual topologies do not focus on the needs for smart grid applications, which is information dissemination throughout the network, and in turn degrade the performance  ...  Thus, the existing approaches do not solve the performance network usage trade-offs that are important for peer-to-peer smart grid applications, nor do they provide the flexibility for application developers  ... 
arXiv:2112.06848v2 fatcat:jpf26qcq55ej7d52svqloxjgee

Digitalised, Decentralised Power Infrastructures Challenge Blockchains

Geert Deconinck, Floris Vankrunkelsven
2020 Proceedings of the Institution of Civil Engineers - Smart Infrastructure and Construction  
The second part of the paper investigates whether blockchain technologies, and their associated smart contracts, offer advantages for larger-scale peer-to-peer energy-trading applications over a classic  ...  The conclusion indicates that in the current state of the art, a trade-off between decentralised and more classical (hierarchically centralised) solutions suits larger-scale peer-to-peer energy-trading  ...  Acknowledgements This research has partially been supported by the Fund for Scientific Research -Flanders by way of project FWO-SBO-S007619N-SNIPPET (Secure aNd prIvacy-friendly Peer-to-Peer Electricity  ... 
doi:10.1680/jsmic.20.00013 fatcat:ijeo5obudzen5p7ngbdnu7h324

P2P Energy Trading Application In Smart Grids Using Blockchain

Bharath Radhakrishnan
2021 International Journal for Research in Applied Science and Engineering Technology  
Abstract: This paper helps one to understand the concept of smart grids, blockchain, and their interaction with one another in a real-world application of the energy sector, specifically in the smart grids  ...  The current system is also highly centralized, and our proposed system; this is P2P energy trading in smart grids using blockchain aims to eliminate the above drawbacks.  ...  our blockchain model to enable Peer-to-Peer energy trading in smart grids using blockchain technology.  ... 
doi:10.22214/ijraset.2021.38415 fatcat:dcwi5selm5a4heunmynhgwvysy

Blockchain-Based Smart Renewable Energy: Review of Operational and Transactional Challenges

Jagdish Prasad Nepal, Nuttaya Yuangyai, Saroj Gyawali, Chumpol Yuangyai
2022 Energies  
This review studies various blockchain implementations in the smart energy domain and presents the findings on operational and transactional challenges in a blockchain-based smart renewable energy system  ...  Building on these findings, we discuss various challenges impacting the operational and transactional domains, which we believe have significant value for researchers, practitioners, policy makers, entrepreneurs  ...  Collective and Community Trading P2p energy market Provide insights in developing P2P energy markets [76] Peer-to-peer energy systems for connected communities: A review of recent advances and P2p energy  ... 
doi:10.3390/en15134911 doaj:9b67cf1412304d3aa1a9d3ead7d7d40c fatcat:yxb2hualxbfxbb7gu2os7bmqiq

Community Energy Groups: Can they Shield Consumers from the Risks of Using Blockchain for Peer-to-Peer Energy Trading?

Alexandra Schneiders, David Shipworth
2021 Energies  
Peer-to-peer (P2P) energy trading is emerging as a new mechanism for settling the exchange of energy between renewable energy generators and consumers.  ...  Energy communities across Europe have uncovered the potential of this technology and are currently running pilots to test its applicability in P2P energy trading.  ...  Acknowledgments: The authors would like to thank Iris Chiu (UCL Faculty of Laws) and Michael Fell (UCL Energy Institute) for their valuable input.  ... 
doi:10.3390/en14123569 fatcat:cdemkmttc5dungw4wfpm5cynce

Comparative Analysis of P2P Architectures for Energy Trading and Sharing

Olamide Jogunola, Augustine Ikpehai, Kelvin Anoh, Bamidele Adebisi, Mohammad Hammoudeh, Haris Gacanin, Georgina Harris
2018 Energies : open-access journal of related scientific research  
This paper investigates peer-to-peer (P2P) communication architectures for prosumers' energy trading and sharing.  ...  Whilst integration of distributed energy resources in micro-grids (MGs) has become the technique of choice for consumers to generate their energy, it also provides a unique opportunity to explore energy  ...  Acknowledgments: This research has been carried out within the Peer-to-Peer Energy Trading and Sharing-3M (Multi-times, Multi-scales, Multi-qualities) project funded by EPSRC (EP/N03466X/1).  ... 
doi:10.18154/rwth-2021-00704 fatcat:v32bpc2vmnat5cbhszhdhjcgc4

Blockchain for Future Smart Grid: A Comprehensive Survey [article]

Muhammad Baqer Mollah, Jun Zhao, Dusit Niyato, Kwok-Yan Lam, Xin Zhang, Amer M.Y.M. Ghias, Leong Hai Koh, Lei Yang
2019 arXiv   pre-print
On the other hand, blockchain has some excellent features which make it a promising application for smart grid paradigm.  ...  In this paper, we have an aim to provide a comprehensive survey on application of blockchain in smart grid.  ...  grid in smart community (SC).  ... 
arXiv:1911.03298v1 fatcat:wzjcufoqhnbuxjmn24yggh5f2e

Comparative Analysis of P2P Architectures for Energy Trading and Sharing

Olamide Jogunola, Augustine Ikpehai, Kelvin Anoh, Bamidele Adebisi, Mohammad Hammoudeh, Haris Gacanin, Georgina Harris
2017 Energies  
This paper investigates peer-to-peer (P2P) communication architectures for prosumers' energy trading and sharing.  ...  The IEEE 1547.3-2007 defined performance metrics for communication networks for integrating DER/MG applications into power networks.  ...  Acknowledgments: This research has been carried out within the Peer-to-Peer Energy Trading and Sharing-3M (Multi-times, Multi-scales, Multi-qualities) project funded by EPSRC (EP/N03466X/1).  ... 
doi:10.3390/en11010062 fatcat:32ztcx3xgjacjcf25s7a7b4jm4

Towards the decentralized revolution in energy systems using blockchain technology

Umit Cali
2019 International Journal of Smart Grid and Clean Energy  
This paper aims to present a comprehensive review of P2P energy trading related blockchain technology applications and proposes a comprehensive multi-layer energy model architecture for the peer to peer  ...  Blockchain technology allows decentralized and instant monetary and contractual transactions to occur over peer to peer private and public networks by satisfying cyber security concerns.  ...  Acknowledgements There are no acknowledgements for this publication.  ... 
doi:10.12720/sgce.8.3.245-256 fatcat:jy35dantcnewxinlv63cngaxza

Benefits and Risks of Using Blockchain in Smart Energy: A Literature Review

Emre Erturk, Dobrila Lopez, Wei Yang Yu
2020 Contemporary Management Research  
The Smart Energy domain has the potential to benefit from the use of Blockchain, by improving data and transaction management, through applications such as peer-to-peer energy trading, grid enhancement  ...  In this report, a qualitative literature review was performed to look into a sample of these application proposals and to try to identify the impacts of blockchain technology in Smart Energy.  ...  Based on these reports and the results from the literature, this report categorized the application of blockchain in the smart energy system into three types: peer-to-peer (P2P) energy trading, grid enhancement  ... 
doi:10.7903/cmr.19650 fatcat:znrbxhqntbamtp5bxogsiqfl7q

Peer-to-Peer Energy Trading and Grid Control Communications Solutions' Feasibility Assessment Based on Key Performance Indicators

Jussi Haapola, Samad Ali, Charalampos Kalalas, Juho Markkula, Nandana Rajatheva, Ari Pouttu, Jose Manuel Martin Rapun, Ivan Lalaguna, Francisco Vazquez-Gallego, Jesus Alonso-Zarate, Geert Deconinck, Hamada Almasalma (+4 others)
2018 2018 IEEE 87th Vehicular Technology Conference (VTC Spring)  
Selection of the most appropriate communications technology for a smart grid (SG) application is far from trivial.  ...  We propose such a feasibility assessment starting from identification of key performance indicators (KPIs) required for peer-to-peer (P2P) energy trading and grid control operations from a communications  ...  The KPI is relevant for P2P energy trading communications because it has to be conveyed in the demand bids that are exchanged among peers by the P2P trading algorithms. III.  ... 
doi:10.1109/vtcspring.2018.8417871 dblp:conf/vtc/HaapolaAKMRPRLG18 fatcat:hfkyoo5djfgh3apospupq62ujm

A Novel Bitcoin and Block Chain Based Energy Exchange in a New Microgrid Design

Dr. Ghous Bakhsh, Ghulam Rasool
2021 Zenodo  
This model will allow micro-grid prosumers to produce, consume and trade energy deprived of any barrier.  ...  This project is an effort to utilize blockchain methodology for the trade of sun-based power among members effectively, without any need of third party vendors.  ...  Though facts on the technical application of the blockchain based peer-to-peer trading stands are absent.  ... 
doi:10.5281/zenodo.5840101 fatcat:slu47n55bngubfhbyzhzzerapu

Smart contracts in energy systems: A systematic review of fundamental approaches and implementations

Desen Kirli, Benoit Couraud, Valentin Robu, Marcelo Salgado-Bravo, Sonam Norbu, Merlinda Andoni, Ioannis Antonopoulos, Matias Negrete-Pincetic, David Flynn, Aristides Kiprakis
2022 Renewable & Sustainable Energy Reviews  
The applications of smart contracts include coordination of smart electric vehicle charging, automated demand-side response, peer-to-peer energy trading and allocation of the control duties amongst the  ...  Our analysis focuses on the two mainstream application areas we identify for smart contract use in this area: energy and flexibility trading, and distributed control.  ...  Smart contracts have been used for the following specific applications: Peer-to-peer trading Smart contracts are often employed for P2P trading applications.  ... 
doi:10.1016/j.rser.2021.112013 fatcat:rvobi3rfyvb4xcx5ymm3v3f4ja

P2P, CSC and TE: A Survey on Hardware, Software and Data

Brian O'Regan, Fabio Silva, Eoin O'Leidhin, Farah Tahir, Karen Mould, Barry Hayes, Vahid Hosseinnezhad, Ruzanna Chitchyan, Padraig Lyons
2021 Energies  
Peer-to-Peer (P2P), Transactive Energy (TE) and Community Self-Consumption (CSC) are exciting energy generation and use models, offering several opportunities for prosumers, micro-grids and services to  ...  and energy trading.  ...  SolShare [54] Allowing rural communities to utilise solar through P2P Bangledsesh In the peer-to-peer energy match trading system, smart meter data, producer/generator pricing and information about consumer  ... 
doi:10.3390/en14133851 fatcat:bsyed7rcv5hrbhkedffb7s4auu

An Ecosystem View of Peer-to-Peer Electricity Trading: Scenario Building by Business Model Matrix to Identify New Roles

Mehdi Montakhabi, Fairouz Zobiri, Shenja van der Graaf, Geert Deconinck, Domenico Orlando, Pieter Ballon, Mustafa A. Mustafa
2021 Energies  
Secondly, in order to identify the main sources of uncertainty, the business model matrix framework is utilized to analyze peer-to-peer electricity trading.  ...  This article elaborates on the configuration of the value network in the electricity market and highlights the changes that peer-to-peer trading imposes to the status quo.  ...  The authors would like to thank Tom Seymons (imec-SMIT, Vrije Universiteit Brussel) and Laura Temmerman (imec-SMIT, Vrije Universiteit Brussel) for proofreading.  ... 
doi:10.3390/en14154438 fatcat:6huexcej5jfyzizrsg6jo2d73y
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