Peer-to-Peer Microgrid Electricity Market and Implementation on Blockchain

Detalhes bibliográficos
Autor(a) principal: Huang, Chung-Ting
Data de Publicação: 2023
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/160371
Resumo: Dissertation presented as the partial requirement for obtaining a Master's degree in Statistics and Information Management, specialization in Risk Analysis and Management
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spelling Peer-to-Peer Microgrid Electricity Market and Implementation on BlockchainPeer-to-peer energy marketContinuous and flexible market productBlockchain developmentPolkadot blockchainDomínio/Área Científica::Ciências Naturais::Ciências da Computação e da InformaçãoDissertation presented as the partial requirement for obtaining a Master's degree in Statistics and Information Management, specialization in Risk Analysis and ManagementPeer-to-peer (P2P) electricity trading will play an important role in the energy market as it can incentivize more prosumers to invest in distributed energy resources (DERs), lower costs for consumers, and reduce reliance on the traditional grid. Despite traction from the research community, there are challenges for communities to adopt and form their microgrid. First is the lack of realistic market design that considers both the inter-temporal constraint and flexibility in the scheduling of household appliances, generators, and storage devices. The second challenge is building a trading platform that is trusted, performant, and cost-effective. In this research, we proposed a mixed integer linear programming (MILP) model to optimize for overall social welfare that will address the challenge in market design. Then we developed a trading platform as a side chain of Polkadot, a blockchain of blockchains. Each side chain handles its transactions to achieve high throughput and low costs, while the aggregated state transactions are validated by the relay chain to guarantee security. Since MILP is a complicated computation not suitable to run on a blockchain, another software is developed to bridge the off-chain optimization with on-chain validation. Next, we ran a simulation using data from a published paper to show the advantages of our market design. Finally, the platform is benchmarked to demonstrate its performance.Scott, Ian JamesRUNHuang, Chung-Ting2023-10-262024-10-26T00:00:00Z2023-10-26T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/160371TID:203391454enginfo:eu-repo/semantics/embargoedAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:43:02Zoai:run.unl.pt:10362/160371Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:58:00.405744Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Peer-to-Peer Microgrid Electricity Market and Implementation on Blockchain
title Peer-to-Peer Microgrid Electricity Market and Implementation on Blockchain
spellingShingle Peer-to-Peer Microgrid Electricity Market and Implementation on Blockchain
Huang, Chung-Ting
Peer-to-peer energy market
Continuous and flexible market product
Blockchain development
Polkadot blockchain
Domínio/Área Científica::Ciências Naturais::Ciências da Computação e da Informação
title_short Peer-to-Peer Microgrid Electricity Market and Implementation on Blockchain
title_full Peer-to-Peer Microgrid Electricity Market and Implementation on Blockchain
title_fullStr Peer-to-Peer Microgrid Electricity Market and Implementation on Blockchain
title_full_unstemmed Peer-to-Peer Microgrid Electricity Market and Implementation on Blockchain
title_sort Peer-to-Peer Microgrid Electricity Market and Implementation on Blockchain
author Huang, Chung-Ting
author_facet Huang, Chung-Ting
author_role author
dc.contributor.none.fl_str_mv Scott, Ian James
RUN
dc.contributor.author.fl_str_mv Huang, Chung-Ting
dc.subject.por.fl_str_mv Peer-to-peer energy market
Continuous and flexible market product
Blockchain development
Polkadot blockchain
Domínio/Área Científica::Ciências Naturais::Ciências da Computação e da Informação
topic Peer-to-peer energy market
Continuous and flexible market product
Blockchain development
Polkadot blockchain
Domínio/Área Científica::Ciências Naturais::Ciências da Computação e da Informação
description Dissertation presented as the partial requirement for obtaining a Master's degree in Statistics and Information Management, specialization in Risk Analysis and Management
publishDate 2023
dc.date.none.fl_str_mv 2023-10-26
2023-10-26T00:00:00Z
2024-10-26T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/160371
TID:203391454
url http://hdl.handle.net/10362/160371
identifier_str_mv TID:203391454
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/embargoedAccess
eu_rights_str_mv embargoedAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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