Conceptual Framework of Blockchain-based Electricity Trading for Neighborhood Renewable Energy

Abstract

Future electricity distribution grids will host a considerable share of variable renewable energy sources, such as roof photo voltaic and small wind power. The households will progressively become prosumers playing an active role on localized peer-to-peer electricity trading. This paper proposes a conceptual framework that enables households to autonomously exchange energy with neighbors based on blockchain techniques, aimed to locally balancing renewable energy production.