Design of an open-source laboratory demonstrator for peer-to-peer trading in local energy markets

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dc.contributor.authorHayes, Barry P.
dc.contributor.authorThakur, Subhasis
dc.contributor.authorBarrett, Enda
dc.contributor.funderEnterprise Irelanden
dc.contributor.funderDepartment of Business, Enterprise and Innovationen
dc.date.accessioned2021-11-12T15:11:02Z
dc.date.available2021-11-12T15:11:02Z
dc.date.issued2020-01
dc.date.updated2021-11-12T14:56:47Z
dc.description.abstractThere is significant research interest in new energy trading mechanisms based on peer-to-peer or community-based markets, which are more consumer-centric and direct compared to traditional electricity retail markets. Such trading mechanisms require an electricity trading platform that can manage and settle energy transactions from vast numbers of small distributed energy resources, and therefore scalability and interoperability are major challenges. The hardware, communications and software required for implementing local energy trading platforms needs to be designed, tested and demonstrated in a real-time environment. Accordingly, this paper presents a design for an open-source laboratory demonstrator, which allows testing of the hardware and software required for peer-to-peer local energy trading using distributed ledger technology.en
dc.description.sponsorshipDepartment of Business, Enterprise and Innovation, Ireland (Government of Ireland’s Project 2040 Plan - “CENTS” project, contract DT 2018 0040-D); Enterprise Ireland (via the IERC project “EnerPort”, contract TC-2013-0002B)en
dc.description.statusPeer revieweden
dc.description.versionAccepted Versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.citationHayes, B. P., Thakur, S. and Barrett, E. (2020) 'Design of an open-source laboratory demonstrator for peer-to-peer trading in local energy markets', 12th Mediterranean Conference on Power Generation, Transmission, Distribution and Energy Conversion (MEDPOWER 2020), Online, 9 - 12 November, pp. 342-347. doi: 10.1049/icp.2021.1226en
dc.identifier.doi10.1049/icp.2021.1226en
dc.identifier.endpage347en
dc.identifier.isbn978-1-83953-524-6
dc.identifier.startpage342en
dc.identifier.urihttps://hdl.handle.net/10468/12213
dc.language.isoenen
dc.publisherInstitution of Engineering and Technology (IET)en
dc.relation.ispartof12th Mediterranean Conference on Power Generation, Transmission, Distribution and Energy Conversion (MEDPOWER 2020), Online, 9 - 12 November
dc.relation.urihttps://digital-library.theiet.org/content/conferences/10.1049/icp.2021.1226
dc.relation.urihttp://medpower2020.org/
dc.rights© 2020, Institution of Engineering and Technology (IET).en
dc.subjectDistributed ledger technologyen
dc.subjectDistribution networksen
dc.subjectLocal energy marketsen
dc.subjectPeer-to-peer energy tradingen
dc.subjectProsumeren
dc.titleDesign of an open-source laboratory demonstrator for peer-to-peer trading in local energy marketsen
dc.typeConference itemen
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