Conference Publication Details
Mandatory Fields
Barry Hayes, Enda Barret, Subhasis Thakur
Medpower2020
Design of an Open-Source Laboratory Demonstrator for Peer-to-Peer Trading in Local Energy Markets
2020
November
Published
1
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Optional Fields
Cyprus
There 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.
Science Foundation Ireland, SFI 16/RC/3835 (VistaMilk), SFI/12/RC/2289_P2 (Insight)
Grant Details
Science Foundation Ireland (SFI)
Science Foundation Ireland, SFI 16/RC/3835 (VistaMilk), SFI/12/RC/2289_P2 (Insight)
Publication Themes
Informatics, Physical and Computational Sciences