Block-Chain Based Electricity Power Trading System Mechanisms and Operating Methods

Abstract

With a variety of distributed resources appearing in the power industry, the needs for many small power transactions are increasing. Many of these small quantities of electricity trading are not suitable for intermediating on the power exchange. However, operators that want to participate in power trading with such small distributed resources also want to trade their power through reliable systems and power trading intermediaries. For this reason, this paper presents examples of system development and demonstration where a number of disparate players can transact power through a trusted technology, block-chain.