Distributed ledger technologies for peer-to-peer local markets in distribution networks
Fecha
2019-08-23Estado
info:eu-repo/semantics/publishedVersionMetadatos
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. Abstract: The newest Distributed Ledger Technology platforms, which delegate the execution of
complex tasks in the form of Smart Contracts, make it possible to devise novel local electricity market
frameworks, which are performed in a fully automated fashion. This paper proposes a novel fully
automated platform for energy and ancillary service markets in distribution networks, able to run
in a decentralized fashion, bypassing the need for a physical central authority. The proposed
platform, able to perform the role of Virtual Decentralized Market Authority, shows excellent potential
applications in the management of local ancillary service markets in local energy communities of
various sizes. The proposed Virtual Decentralized Market Authority showed reasonable running
costs and comparable technical management capabilities with respect to a physical, centralized
managing authority
Distributed ledger technologies for peer-to-peer local markets in distribution networks
Tipo de Actividad
Artículos en revistasISSN
1996-1073Palabras Clave
.local energy markets; Distributed Ledger Technologies; Blockchain; smart contracts; Continuous Double Auction; ancillary services; peer to peer