Analysis of Blockchain Assisted Energy Sharing Algorithms with Realistic Data Across Microgrids

Document Type

Conference Proceeding

Source of Publication

2024 6th International Conference on Blockchain Computing and Applications (BCCA)

Publication Date

11-29-2024

Abstract

With escalating energy demands, innovative solutions have emerged to supply energy affordably and sustainably. Energy sharing has also been proposed as a solution, addressing affordability issues while reducing consumers’ greed. In this paper, we analyse the feasibility of two energy sharing algorithms, centralized and peer-to-peer, within two scenarios, between microgrids within a county, and between microgrids across counties. In addition, we propose a new sharing algorithm named Selfish Sharing, where prosumers take advantage of consumers’ batteries in return for letting them consume part of the shared energy. The results for sharing between microgrids across counties show that the dependency on the grid could be reduced by approximately 5.72%, 6.12%, and 5.93% using the centralized, peer-to-peer and selfish sharing algorithms respectively, compared to trading only. The scenario of sharing between microgrids within a county has an average decrease in dependency on the grid by 5.66%, 6.0%, and 5.80% using the centralized, peer-to-peer and selfish algorithms respectively, compared to trading without sharing. We found that trading with batteries and the proposed sharing algorithms prove to be beneficial in the sharing between microgrids case. More specifically, the case of trading and sharing energy between microgrids across counties outperforms sharing within a county, with P2P sharing appearing to be superior.

ISBN

979-8-3503-5153-8

Publisher

IEEE

Volume

00

First Page

310

Last Page

317

Disciplines

Computer Sciences

Keywords

Blockchain, Energy sharing, Microgrids, Selfish Sharing, Peer-to-peer

Indexed in Scopus

no

Open Access

yes

Open Access Type

Green: A manuscript of this publication is openly available in a repository

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