Distributed Peer-to-Peer Energy Trading in Virtual Microgrids: A
Blockchain Survey for Future Smart Grid
Abstract
Due to the apparent demands and constraints faced by energy systems
operating in the market world, the Prosumer Energy trade strategy was
selected as a potential opportunity for research and industries. Energy
trading has expanded due to the availability of dispersed energy sources
and power users who produce more electricity than they would otherwise
and can profitably export their excess fuel. The energy trading system
blends energy from various sources and effectively coordinates it to
ensure stable and optimal usage of available resources and better
facilities for energy users. Peer-to-peer (P2P) energy trading is a
joint research topic that involves various managerial and technical
challenges. This paper provides an overview of peer-to-peer energy
exchange and how blockchain can be used to increase transparency and
overall performance, including the degree of decentralization,
scalability, and device reliability. A thorough examination of the
Prosumer Smart Grid environment is explored and clarified. The energy
sharing mechanism among consumers comprises two major components:
information/digital technology and optimization techniques. Three
blockchain-based energy sharing models have been proposed to overcome
technical and market barriers to adopt this revolutionary technology.
The paper further discusses open topics and possible future paths for
peer-to-peer blockchain-based energy sharing.