A Privacy-Preserving and Accountable Billing Protocol for Peer-to-Peer Energy Trading Markets

Abstract

This paper proposes a privacy-preserving and accountable billing (PA-Bill) protocol for trading in peer-to-peer energy markets, addressing situations where there may be discrepancies between the volume of energy committed and delivered. Such discrepancies can lead to challenges in providing both privacy and accountability while maintaining accurate billing. To overcome these challenges, a universal cost splitting mechanism is proposed that prioritises privacy and accountability. It leverages a homomorphic encryption cryptosystem to provide privacy and employs blockchain technology to establish accountability. A dispute resolution mechanism is also introduced to minimise the occurrence of erroneous bill calculations while ensuring accountability and non-repudiation throughout the billing process. Our evaluation demonstrates that PA-Bill offers an effective billing mechanism that maintains privacy and accountability in peer-to-peer energy markets utilising a semi-decentralised approach.