A Framework of Decentralized Electricity Market Based on The Collaborative Mechanism of Blockchain and Edge Computing

Abstract

Distributed generations are expected to develop rapidly in the electric power system. As an essential infrastructure, the structure of electricity market moves to distributed or decentralized network. Without a central coordinator, transaction security and optimal dispatch will be a challenge. In this paper, blockchain and edge computing are used to be a potential solution of decentralized electricity market. A decentralized electricity pricing algorithm is installed in the onsite edge computing terminal, and then the transactions are implemented in blockchain. Case studies are presented to demonstrate the availability of pricing mechanism.