Preprint Article Version 1 Preserved in Portico This version is not peer-reviewed

New Methods for Improved Prosumer Trading and Energy Poverty Mitigation in Microgrids using Crowdsourcing Concepts and Blockchain Technologies

Version 1 : Received: 13 August 2020 / Approved: 14 August 2020 / Online: 14 August 2020 (12:03:19 CEST)

A peer-reviewed article of this Preprint also exists.

Neagu, B.-C.; Ivanov, O.; Grigoras, G.; Gavrilas, M.; Istrate, D.-M. New Market Model with Social and Commercial Tiers for Improved Prosumer Trading in Microgrids. Sustainability 2020, 12, 7265. Neagu, B.-C.; Ivanov, O.; Grigoras, G.; Gavrilas, M.; Istrate, D.-M. New Market Model with Social and Commercial Tiers for Improved Prosumer Trading in Microgrids. Sustainability 2020, 12, 7265.

Journal reference: Sustainability 2020, 12, 7265
DOI: 10.3390/su12187265

Abstract

The deregulated markets have replaced the traditional way of trading electricity from the producers to the consumer, via government-owned organizations and regulated tariffs. Nowadays, electricity prices are determined by the offer-demand mechanism and consumers can negotiate tariffs with their supplier of choice. For classic wholesale suppliers, the tariffs are a result of the transactions performed on the wholesale market and the energy mix available in certain geographical regions. In parallel with becoming eligible and participating in retail electricity markets, the consumers use increasingly local generation sources based mostly on renewable energy technologies such as PV panels, and become prosumers. They want to be able to sell back to the market the generation surplus, in order to obtain the maximum benefits from their initial investment. Currently, several trading mechanisms for prosumers are available, ranging from the simplest, selling back the surplus to an aggregator at fixed tariffs, to more complex market schemes. This paper proposed a two-tier local market model for prosumers and consumers connected in microgrids, based on the blockchain technologies and other technologies and concepts such as remote sensing, smart grids, crowdsourcing and energy poverty.

Subject Areas

local electricity market, smart grids, distributed generation, prosumers, blockchain, energy poverty, market diversity.

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