SynergyGrids: blockchain-supported distributed microgrid energy trading
<p>Growing intelligent cities is witnessing an increasing amount of local energy generation through renewable energy resources. Energy trade among the local energy generators (aka prosumers) and consumers can reduce the energy consumption cost and also reduce the dependency on conventional ene...
محفوظ في:
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| مؤلفون آخرون: | , , |
| منشور في: |
2022
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| الموضوعات: | |
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إضافة وسم
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| _version_ | 1864513567200378880 |
|---|---|
| author | Moayad Aloqaily (14158932) |
| author2 | Ouns Bouachir (14151918) Öznur Özkasap (14151921) Faizan Safdar Ali (14151924) |
| author2_role | author author author |
| author_facet | Moayad Aloqaily (14158932) Ouns Bouachir (14151918) Öznur Özkasap (14151921) Faizan Safdar Ali (14151924) |
| author_role | author |
| dc.creator.none.fl_str_mv | Moayad Aloqaily (14158932) Ouns Bouachir (14151918) Öznur Özkasap (14151921) Faizan Safdar Ali (14151924) |
| dc.date.none.fl_str_mv | 2022-11-22T21:15:03Z |
| dc.identifier.none.fl_str_mv | 10.1007/s12083-021-01199-y |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/SynergyGrids_blockchain-supported_distributed_microgrid_energy_trading/21597648 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Distributed computing and systems software Software engineering Computer Networks and Communications Software |
| dc.title.none.fl_str_mv | SynergyGrids: blockchain-supported distributed microgrid energy trading |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p>Growing intelligent cities is witnessing an increasing amount of local energy generation through renewable energy resources. Energy trade among the local energy generators (aka prosumers) and consumers can reduce the energy consumption cost and also reduce the dependency on conventional energy resources, not to mention the environmental, economic, and societal benefits. However, these local energy sources might not be enough to fulfill energy consumption demands. A hybrid approach, where consumers can buy energy from both prosumers (that generate energy) and also from prosumer of other locations, is essential. A centralized system can be used to manage this energy trading that faces several security issues and increase centralized development cost. In this paper, a hybrid energy trading system coupled with a smart contract named SynergyGrids has been proposed as a solution, that reduces the average cost of energy and load over the utility grids. To the best of our knowledge, this work is the first attempt to create a hybrid energy trading platform over the smart contract for energy demand prediction. An hourly energy data set has been utilized for testing and validation purposes. The trading system shows 17.8% decrease in energy cost for consumers and 76.4% decrease in load over utility grids when compared with its counterparts.</p><h2>Other Information</h2> <p> Published in: Peer-to-Peer Networking and Applications<br> License: <a href="https://creativecommons.org/licenses/by/4.0" target="_blank">https://creativecommons.org/licenses/by/4.0</a><br>See article on publisher's website: <a href="http://dx.doi.org/10.1007/s12083-021-01199-y" target="_blank">http://dx.doi.org/10.1007/s12083-021-01199-y</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_8a7ae55eb9b594baa1e43d310378296b |
| identifier_str_mv | 10.1007/s12083-021-01199-y |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/21597648 |
| publishDate | 2022 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | SynergyGrids: blockchain-supported distributed microgrid energy tradingMoayad Aloqaily (14158932)Ouns Bouachir (14151918)Öznur Özkasap (14151921)Faizan Safdar Ali (14151924)Distributed computing and systems softwareSoftware engineeringComputer Networks and CommunicationsSoftware<p>Growing intelligent cities is witnessing an increasing amount of local energy generation through renewable energy resources. Energy trade among the local energy generators (aka prosumers) and consumers can reduce the energy consumption cost and also reduce the dependency on conventional energy resources, not to mention the environmental, economic, and societal benefits. However, these local energy sources might not be enough to fulfill energy consumption demands. A hybrid approach, where consumers can buy energy from both prosumers (that generate energy) and also from prosumer of other locations, is essential. A centralized system can be used to manage this energy trading that faces several security issues and increase centralized development cost. In this paper, a hybrid energy trading system coupled with a smart contract named SynergyGrids has been proposed as a solution, that reduces the average cost of energy and load over the utility grids. To the best of our knowledge, this work is the first attempt to create a hybrid energy trading platform over the smart contract for energy demand prediction. An hourly energy data set has been utilized for testing and validation purposes. The trading system shows 17.8% decrease in energy cost for consumers and 76.4% decrease in load over utility grids when compared with its counterparts.</p><h2>Other Information</h2> <p> Published in: Peer-to-Peer Networking and Applications<br> License: <a href="https://creativecommons.org/licenses/by/4.0" target="_blank">https://creativecommons.org/licenses/by/4.0</a><br>See article on publisher's website: <a href="http://dx.doi.org/10.1007/s12083-021-01199-y" target="_blank">http://dx.doi.org/10.1007/s12083-021-01199-y</a></p>2022-11-22T21:15:03ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1007/s12083-021-01199-yhttps://figshare.com/articles/journal_contribution/SynergyGrids_blockchain-supported_distributed_microgrid_energy_trading/21597648CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/215976482022-11-22T21:15:03Z |
| spellingShingle | SynergyGrids: blockchain-supported distributed microgrid energy trading Moayad Aloqaily (14158932) Distributed computing and systems software Software engineering Computer Networks and Communications Software |
| status_str | publishedVersion |
| title | SynergyGrids: blockchain-supported distributed microgrid energy trading |
| title_full | SynergyGrids: blockchain-supported distributed microgrid energy trading |
| title_fullStr | SynergyGrids: blockchain-supported distributed microgrid energy trading |
| title_full_unstemmed | SynergyGrids: blockchain-supported distributed microgrid energy trading |
| title_short | SynergyGrids: blockchain-supported distributed microgrid energy trading |
| title_sort | SynergyGrids: blockchain-supported distributed microgrid energy trading |
| topic | Distributed computing and systems software Software engineering Computer Networks and Communications Software |