Distributed generation management using the smart contract: Iran power distribution study

Abstract

In recent years, utilization of distributed generation systems has been announced as a strategic and tactical mission of Iran’s Ministry of Energy (IME) to supply electricity. Successful implementation of this mission needs to investigate the energy buying regulations and technical and financial considerations in the distribution processes. On the other hand, the development of blockchain technology as a safe and transparent platform for conducting financial transactions as well as providing smart contracts has been widely established in the last decade. Therefore, this paper tries to propose a conceptual framework to manage the electricity trade with Distributed Generation (DG) systems using the smart contract platform. Furthermore, the interactions between network members are discussed in detail.