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Energy Trading Using Blockchain
Energy Trading Using Blockchain
On
Power Energy Trading
Using Blockchain
Submitted To
Submitted By- Dr. Yash Pal
Sanyam Nahta Professor
Roll No. - 11914152 Electrical Engineering Department
B.tech, Electrical Engineering NIT Kurukshetra
Introduction
HOUSE 2 HOUSE 2
Challenges of P2P Energy Trading[1][3][4]
Source - https://www.pwc.com/gx/en/industries/assets/pwc-blockchain-opportunity-for-energy-producers-and-consumers.pdf
Private & Public
Blockchain
Source - https://www.pwc.com/gx/en/industries/assets/pwc-blockchain-opportunity-for-energy-producers-and-consumers.pdf
P2P Energy Trading
BLOCKCHAIN With Blockchain
Source - https://ars.els-cdn.com/content/image/1-s2.0-S1364032118307184-gr5_lrg.jpg
McAfee’s double auction [6][7]
1) Increased Transparency
2) Reduced Transaction Costs
3) Improved Data Security
4) Enhanced Efficiency
5) Increased Accessibility
Source - https://ars.els-cdn.com/content/image/1-s2.0-S0142061521007389-gr3_lrg.jpg
Organizations using blockchain technology for energy trading
[1] Tushar W, Saha TK, Yuen C, Smith D, Poor HV. Peer-to-Peer Trading in Electricity Networks: An Overview. IEEE Trans Smart Grid
2020;11(4):3185–200. https://doi. org/10.1109/TSG.2020.2969657
[2] Paudel A, Chaudhari K, Long C, Gooi HB. Peer-to-peer energy trading in a prosumer-based community microgrid: A game-theoretic
model. IEEE Trans Ind Electron 2019;66(8):6087–97. https://doi.org/10.1109/TIE.2018.2874578.
[3] https://www.frontiersin.org/articles/10.3389/fenrg.2021.671133/full
[4] https://www.sciencedirect.com/science/article/pii/S1364032118307184
[5] https://www.mdpi.com/2079-9292/12/2/287
[6] Privacy-Preserving Energy Trade using Double Auction in Blockchain Offline Channels
[7] McAfee, R.: A dominant strategy double auction. Journal of Economic Theory 56(2), 434–450 (1992).
https://doi.org/https://doi.org/10.1016/0022-0531(92)90091-U,
https://www.sciencedirect.com/science/article/pii/002205319290091U
[8] https://www.sciencedirect.com/science/article/pii/S0142061521007389
[9]
https://www.researchgate.net/publication/332428841_When_Energy_Trading_Meets_Blockchain_in_Electrical_Power_System_The_State_
of_the_Art
THANK
YOU