Blockchain for Peer-to-Peer Energy Exchanges: Design and Recommendations

Abstract

Energy communities and peer-to-peer energy exchanges are expected to play an important role in the energy transition. In this context, the blockchain approach can be employed to foster this decentralized energy market. Our goal is to determine the design that should allow a Distribution System Operator (DSO) to accept peer-to-peer energy exchanges based on a distributed ledger supported by the blockchain technology. To this end, we will evaluate several designs based on criteria such as acceptance of the wholesale/retail market, the resilience of the consensus to approve a block, the accuracy, traceability, privacy and security of the proposed schemes.