Decentralized Electricity Trading in the Microgrid: Implementation of Decentralized Peer-to-Peer Concept for Electricity Trading (P2PCET)

Abstract

Ongoing decentralization of electricity generation enables households to invest in small renewable energy sourced generation and to benefit from those investments by selling electricity and by selling their flexibility in demand and generation. Individual households including end consumers, producers and prosumers (acting as peers) could trade within community microgrids. The idea of decentralized electricity trading in a microgrid can be achieved with distributed ledger technology for peer-to-peer transactions. In this paper, this issue is examined and some ideas behind the concept discussed.