Towards Transitioning from Community-Based Peer-to-Peer Electricity Trading to Fully Decentralized Models using Blockchain Technology

  • Aamna Ali Aljarwan

    Student thesis: Master's Thesis

    Abstract

    With the advent of distributed generation and decentralized technologies, electricity consumers are motivated to produce electricity at their convenience and contribute to a sharing economy by trading their excess electricity for an incentive without the involvement of utilities. Current peer-to-peer (P2P) electricity trading schemes include Virtual Power Plants (VPP) which is based on aggregators that aggregate small-scale Distributed Energy Resources (DERs) and allow entrance to the electricity market as one unit. In this research, such models are referred to as Community-based trading models (CBET). On the other hand, there are fully decentralized electricity trading models (FDET) that allow prosumers (consumers who produce electricity) to trade among themselves without aggregators or central intermediaries. These models can be enabled using the blockchain technology. Blockchain technology is still relatively new, where none of the FDET projects has moved beyond the pilot stage, and therefore their implications are not yet fully understood. This research analyzes the implications of transitioning from CBET to FDET models using blockchain technology on the infrastructure and institutions involved in the electricity market. The methodology used to collect data is through a series of qualitative approaches including exploratory methods, a multi-layered approach, and systematic literature review. Finally, a case study is done on the electricity market in Dubai to study a possible transition to FDET.
    Date of AwardApr 2019
    Original languageAmerican English

    Keywords

    • Peer-to-peer electricity trading
    • energy blockchain
    • community-based electricity trading
    • decentralized electricity market

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