Weiqi, Weiqi, Hua, Weiqi, Jing, Rui, Zhou, Yue, Zhang, Xi, Jiang, Jing and Sun, Hongjian (2021) Blockchain Smart Contracts for Grid Connection Management in Achieving Net Zero Energy Systems. Energy Proceedings, 18. p. 210. ISSN 2004-2965
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Abstract
Energy systems are transitioning towards a decentralized and decarbonized paradigm with the integration of distributed renewable energy sources. Blockchain smart contracts have the increasing potential to facilitate the transition of energy systems due to the natures of automation, standardization, and selfenforcement. This paper proposes a Blockchain smart contracts based platform to manage the grid connection for both large scale generation companies and individual prosumers (both producers and consumers). Through evaluating the capacity margin and carbon intensity for each substation or feeder in power networks, the incurred connection fee and low carbon incentive are formulated for incentivizing the local energy balance and connection of renewable energy sources. Case studies testify the effectiveness for encouraging the low carbon grid connection.
Energy systems are transitioning towards a decentralized and decarbonized paradigm with the integration of distributed renewable energy sources. Blockchain smart contracts have the increasing potential to facilitate the transition of energy systems due to the natures of automation, standardization, and selfenforcement. This paper proposes a Blockchain smart contracts based platform to manage the grid connection for both large scale generation companies and individual prosumers (both producers and consumers). Through evaluating the capacity margin and carbon intensity for each substation or feeder in power networks, the incurred connection fee and low carbon incentive are formulated for incentivizing the local energy balance and connection of renewable energy sources. Case studies testify the effectiveness for encouraging the low carbon grid connection.
| Item Type: | Article |
|---|---|
| Additional Information: | Funding information: This work was supported by the EPSRC/NSFC Multi-energy Control of Cyber-Physical Urban Energy Systems (MC2) project (EP/T021969/1). ICAE 2021, the 13th International Conference on Applied Energy 29/11/21 → 2/12/21 Bangkok, Thailand |
| Uncontrolled Keywords: | Blockchain smart contracts, grid connection, net zero emissions, prosumers, renewable energy |
| Subjects: | H600 Electronic and Electrical Engineering H800 Chemical, Process and Energy Engineering |
| Department: | Faculties > Engineering and Environment > Mathematics, Physics and Electrical Engineering |
| Depositing User: | Rachel Branson |
| Date Deposited: | 09 Dec 2022 14:52 |
| Last Modified: | 09 Dec 2022 15:00 |
| URI: | https://nrl.northumbria.ac.uk/id/eprint/50849 |
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