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(English)Manuscript (preprint) (Other academic)
Abstract [en]
The energy distribution infrastructure is a vital part of any modern society. Thus, renewable energy sources are becoming increasingly important as a substitute for energy produced with fossil fuels. However, renewable energy production faces several challenges in the energy market and its management, such as inflexible pricing models and inaccurate green consumption information. A decentralized electricity marketplace may address these challenges. However, such a platform must guarantee that the transactions follow the market rules and regulations, cannot be manipulated, and are consistent with the energy generated. One of the ways to provide these guarantees is to leverage blockchain technology. Our previous studies demonstrate the current energy trade regulations result in partial marketplace centralization around governmental authority. The governmental authority, i.e., the regulator, oversees marketplace operations and requires energy providers to share private data about electricity generation and energy trade settlement. This study proposes amendments to D2018/2001 legislation and the governmental regulator actor to improve marketplace flexibility and data privacy. Further, we propose a new blockchain-based P2P energy marketplace model with increased flexibility and scalability while addressing actors' privacy and trust requirements. The marketplace utilizes a private permissioned blockchain Hyperledger Fabric (HF) due to its privacy-preserving and trust-enabling capabilities. This study provides HF comparison with Ethereum-based competitor Hyperledger Besu (HB). Further, based on the identified advantages and limitations, we discuss the rationale for the choice of HF. We utilize HF's smart contracts to enable P2P energy trade settlement orchestration and management. Based on previous studies, we propose an improvement towards HF security by utilizing a Byzantine Fault Tolerant (BFT) consensus mechanism, which is protected against malicious system actors. The results demonstrate that while protecting the blockchain network from malicious system actors, the BFT mechanism shows a similar throughput to the RAFT Crash Fault Tolerant consensus in the context of the P2P energy marketplace. Finally, BFT consensus enables legislation enhancements, resulting in increased flexibility and data privacy in the energy trade marketplace.
Keywords
Renewable Energy Marketplace, Blockchain Technology, Peer-To-Peer Energy Trading, Data Privacy, Trusted Execution
National Category
Computer Sciences Energy Systems
Research subject
Computer Science
Identifiers
urn:nbn:se:bth-24769 (URN)
2023-06-082023-06-082023-09-08Bibliographically approved