Blockchain in Consumer-Centric Electricity Markets: An Overview

The power and energy sector transition into decentralized and distributed models brings a set of challenges that need to be overcome. Among them is consumer empowerment, which requires secure economic transactions and reliable system operation. Thus, new technologies and procedures such as blockchai...

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Bibliographic Details
Published in:	2022 IEEE PES Generation, Transmission and Distribution Conference and Exposition – Latin America (IEEE PES GTD Latin America) pp. 1 - 6
Main Authors:	Peters, Pedro, Aquino, Ettore P. L. B., Pinto, Diogo Barros, Soares, Tiago, Dias, Bruno
Format:	Conference Proceeding
Language:	English
Published:	IEEE 20-10-2022
Subjects:	Biological system modeling Blockchain Blockchains Complexity theory Consumer Centric Electricity Markets Electricity supply industry Legislation Systems operation Uncertainty
Online Access:	Get full text
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Summary:	The power and energy sector transition into decentralized and distributed models brings a set of challenges that need to be overcome. Among them is consumer empowerment, which requires secure economic transactions and reliable system operation. Thus, new technologies and procedures such as blockchain have gained prominence, due to their reliability and privacy-preserving capabilities. These characteristics are essential for the proliferation of energy community markets. Therefore, this paper provides an overview of blockchain technology applicability to consumer-centric electricity markets, highlighting existing projects and initiatives. Additionally, key enablers and barriers to blockchain deployment in local electricity markets are discussed, followed by a roadmap for the comprehensive adoption of such technology.
DOI:	10.1109/IEEEPESGTDLatinAmeri53482.2022.10037783