A Transactive Grid with Microgrids Using Blockchain for the Energy Internet
The changing nature of the energy grid has prompted innovative solutions to incoming challenges. In a distribution system with microgrids, residents with distributed energy resources (DERs) and interactive devices can interact with one another and the grid to exchange energy. Blockchain based transactive energy could dynamically align active grid elements to incentivize demand side energy resource investment and energy efficient behavior. This work models a blockchain in the loop framework and simulates it using a Hyperledger Fabric blockchain network and the transactive energy simulation platform (TESP) Blockchain smart contracts are used to coordinate a microgrid market. Three market coordination schemes are compared, namely two auction less schemes and one simple auction scheme, in a 30 home microgrid with different DER penetration levels. Results show that the auction less scheme is more beneficial to community residents if the energy mix within the microgrid is diverse.
2020 IEEE Power Energy Society Innovative Smart Grid Technologies Conference (ISGT)