Blockchain Energy Market Place Evaluation: An Agent-Based Approach

Abstract

The growing interest for decentralized production of renewable energies calls for new market approaches. In this context, the blockchain is considered as a key technology for enabling decentralized local energy markets. Following this idea, several market solutions were proposed by the academic community. However, their technical feasibility or economical viability are yet to be assessed due to the lack of simulation frameworks. In this paper, we propose an agent-based simulation framework to experiment blockchain-backed energy market places. Moreover, based on realistic data of households located in northern France, we perform a sensitivity analysis to assess the impact of parameters on economics and blockchain system performances. Finally, we have implemented our solution on Raspberry Pies IoT devices to measure the actual power consumption of such systems.