Blockchain based transactive energy systems for voltage regulation in active distribution networks
Transactive energy systems (TES) are modern mechanisms in electric power systems that allow disparate control agents to utilise distributed generation units to engage in energy transactions and provide ancillary services to the grid. Although voltage regulation is a crucial ancillary grid service wi...
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doaj-655ae8a7125d448f80b18c9d949095e52021-04-02T18:14:49ZengWileyIET Smart Grid2515-29472020-04-0110.1049/iet-stg.2019.0286IET-STG.2019.0286Blockchain based transactive energy systems for voltage regulation in active distribution networksShivam Saxena0Hany E.Z. Farag1Hany E.Z. Farag2Hjalmar Turesson3Henry Kim4York UniversityYork UniversityYork UniversitySchulich School of Business, York UniversitySchulich School of Business, York UniversityTransactive energy systems (TES) are modern mechanisms in electric power systems that allow disparate control agents to utilise distributed generation units to engage in energy transactions and provide ancillary services to the grid. Although voltage regulation is a crucial ancillary grid service within active distribution networks (ADNs), previous work has not adequately explored how this service can be offered in terms of its incentivisation, contract auditability, and enforcement. Blockchain technology shows promise in being a key enabler of TES, allowing agents to engage in trustless, persistent transactions that are both enforceable and auditable. To that end, this study proposes a blockchain based TES that enables agents to receive incentives for providing voltage regulation services by (i) maintaining an auditable reputation rating for each agent that is increased proportionately with each mitigation of a voltage violation, (ii) utilising smart contracts to enforce the validity of each transaction and penalise reputation ratings in case of a mitigation failure, and (iii) automating the negotiation and bidding of agent services by implementing the contract net protocol as a smart contract. Experimental results on both simulated and real-world ADNs are executed to demonstrate the efficacy of the proposed system.https://digital-library.theiet.org/content/journals/10.1049/iet-stg.2019.0286voltage controldistribution networksdistributed power generationpower gridsprotocolssmart power gridsmulti-agent systemsgrid computingpower distribution controlcontractsagent servicescontract net protocolsmart contractblockchain based transactive energy systemsactive distribution networksmodern mechanismselectric power systemsdisparate control agentsdistributed generation unitsenergy transactionsancillary servicescrucial ancillary grid servicecontract auditabilityblockchain technologytrustless transactionspersistent transactionsblockchain based tesvoltage regulation servicesauditable reputation ratingvoltage violationpenalise reputation ratings |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Shivam Saxena Hany E.Z. Farag Hany E.Z. Farag Hjalmar Turesson Henry Kim |
spellingShingle |
Shivam Saxena Hany E.Z. Farag Hany E.Z. Farag Hjalmar Turesson Henry Kim Blockchain based transactive energy systems for voltage regulation in active distribution networks IET Smart Grid voltage control distribution networks distributed power generation power grids protocols smart power grids multi-agent systems grid computing power distribution control contracts agent services contract net protocol smart contract blockchain based transactive energy systems active distribution networks modern mechanisms electric power systems disparate control agents distributed generation units energy transactions ancillary services crucial ancillary grid service contract auditability blockchain technology trustless transactions persistent transactions blockchain based tes voltage regulation services auditable reputation rating voltage violation penalise reputation ratings |
author_facet |
Shivam Saxena Hany E.Z. Farag Hany E.Z. Farag Hjalmar Turesson Henry Kim |
author_sort |
Shivam Saxena |
title |
Blockchain based transactive energy systems for voltage regulation in active distribution networks |
title_short |
Blockchain based transactive energy systems for voltage regulation in active distribution networks |
title_full |
Blockchain based transactive energy systems for voltage regulation in active distribution networks |
title_fullStr |
Blockchain based transactive energy systems for voltage regulation in active distribution networks |
title_full_unstemmed |
Blockchain based transactive energy systems for voltage regulation in active distribution networks |
title_sort |
blockchain based transactive energy systems for voltage regulation in active distribution networks |
publisher |
Wiley |
series |
IET Smart Grid |
issn |
2515-2947 |
publishDate |
2020-04-01 |
description |
Transactive energy systems (TES) are modern mechanisms in electric power systems that allow disparate control agents to utilise distributed generation units to engage in energy transactions and provide ancillary services to the grid. Although voltage regulation is a crucial ancillary grid service within active distribution networks (ADNs), previous work has not adequately explored how this service can be offered in terms of its incentivisation, contract auditability, and enforcement. Blockchain technology shows promise in being a key enabler of TES, allowing agents to engage in trustless, persistent transactions that are both enforceable and auditable. To that end, this study proposes a blockchain based TES that enables agents to receive incentives for providing voltage regulation services by (i) maintaining an auditable reputation rating for each agent that is increased proportionately with each mitigation of a voltage violation, (ii) utilising smart contracts to enforce the validity of each transaction and penalise reputation ratings in case of a mitigation failure, and (iii) automating the negotiation and bidding of agent services by implementing the contract net protocol as a smart contract. Experimental results on both simulated and real-world ADNs are executed to demonstrate the efficacy of the proposed system. |
topic |
voltage control distribution networks distributed power generation power grids protocols smart power grids multi-agent systems grid computing power distribution control contracts agent services contract net protocol smart contract blockchain based transactive energy systems active distribution networks modern mechanisms electric power systems disparate control agents distributed generation units energy transactions ancillary services crucial ancillary grid service contract auditability blockchain technology trustless transactions persistent transactions blockchain based tes voltage regulation services auditable reputation rating voltage violation penalise reputation ratings |
url |
https://digital-library.theiet.org/content/journals/10.1049/iet-stg.2019.0286 |
work_keys_str_mv |
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