This work presents the design and implementation of a blockchain system that enables the trustable transactive energy management for distributed energy resources (DERs). We model the interactions among DERs, including energy trading and flexible appliance scheduling, as a cost minimization problem. Considering the dispersed nature and diverse ownership of DERs, we develop a distributed algorithm to solve the optimization problem using the alternating direction method of multipliers (ADMM) method. Furthermore, we develop a blockchain system, on which we implement the proposed algorithm with the smart contract, to guarantee the transparency and correctness of the energy management. We prototype the blockchain in a small-scale test network and evaluate it through experiments using real-world data. The experimental results validate the feasibility and effectiveness of our design.
@article{arxiv.2106.02529,
title = {Blockchain for Transactive Energy Management of Distributed Energy Resources in Smart Grid},
author = {Qing Yang and Hao Wang and Xiaoxiao Wu and Taotao Wang and Shengli Zhang},
journal= {arXiv preprint arXiv:2106.02529},
year = {2021}
}
Comments
ACM International Conference on Future Energy Systems (ACM e-Energy) 2021. arXiv admin note: text overlap with arXiv:2105.00174