Blockchain Based Sustainable Local Energy Trading Considering Home Energy Management and Demurrage Mechanism

• Published in: Sustainability Vol. 12; no. 8; p. 3385
• Main Authors: Yahaya, Adamu Sani, Javaid, Nadeem, Alzahrani, Fahad A., Rehman, Amjad, Ullah, Ibrar, Shahid, Affaf, Shafiq, Muhammad
• Format: Journal Article
• Language: English
• Published: Basel MDPI AG 01.04.2020
• Subjects: Algorithms; Alternative energy sources; Blockchain; Computer simulation; Consumers; Cost control; Costs; Digital currencies; Electric vehicles; Electricity; Electricity consumption; Electricity distribution; Energy conservation; Energy consumption; Energy industry; Energy management; Energy resources; Energy sources; Negotiations; Peak load; Peer to peer computing; Privacy; Renewable energy sources; Residential energy; Security; Self sufficiency; Sustainability

With the increase in local energy generation from Renewable Energy Sources (RESs), the concept of decentralized peer-to-peer Local Energy Market (LEM) is becoming popular. In this paper, a blockchain-based LEM is investigated, where consumers and prosumers in a small community trade energy without t...