Pricing Strategy Comparison in Blockchain based Distributed Energy Systems

Abstract

Nowadays, researchers are trying to improve and find new ways and methods to mitigate climate change and increase energy efficiency. Areas of study include smart grid, smart grid, distributed energy systems, accumulative and renewable energy sources. Renewable energy integration, system operation, transparent spending system and data integrity are the common challenges facing distribution network providers. The overall, holistic view of the technologies listed above about delivering and consuming any kind of energy has many aspects that need to be studied and optimized. Good compatibility with distribution systems is characterized by modern blockchain technology and multi-agent system. Blockchain has very good data protection, immutability and transparency properties in transactions. Its decentralized nature and automatic calculation system can bring great potential in terms of financing and calculation in the energy sector. In this thesis article a novel process to coordinate, allocate and settle energy transactions in a district multi-carrier energy system. The process operates in a decentralized way, fully on-chain. The design leaves producers the freedom to choose their preferred pricing strategy for profit maximization. The price-availability-based allocation system guarantees consumers the lowest possible cost.