Unification of Edge Energy Grids for Empowering Small Energy Producers

Evangelos K. Markakis, Yannis Nikoloudakis, Kalliopi Lapidaki, Konstantinos Fiorentzis and Emmanuel Karapidakis
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Evangelos K. Markakis: Department of Electrical and Computer Engineering, Hellenic Mediterranean University, GR-71004 Heraklion, Greece
Yannis Nikoloudakis: Department of Electrical and Computer Engineering, Hellenic Mediterranean University, GR-71004 Heraklion, Greece
Kalliopi Lapidaki: Adrestia Research and Development PPC, GR-71202 Heraklion, Greece
Konstantinos Fiorentzis: Department of Electrical and Computer Engineering, Hellenic Mediterranean University, GR-71004 Heraklion, Greece
Emmanuel Karapidakis: Department of Electrical and Computer Engineering, Hellenic Mediterranean University, GR-71004 Heraklion, Greece

Sustainability, 2021, vol. 13, issue 15, 1-9

Abstract: The current energy landscape is largely comprised of big stakeholders, who are often the monopolistic drivers of their local market. This fact does not leave any room for smaller players to participate in this procedure by contributing their part in the energy pool. Moreover, the dynamic demand for power along with the current power production rate are not corelated, rendering the power distribution grid, a best effort network, prone to power failures, due to the inevitable irregularities in demand. This paper introduces a novel concept that allows small energy producers, such as solar panel grids, to offer their production excess through an intelligent energy brokerage blockchain-based framework. The proposed framework ingests the vast amounts of bigdata stemming from the distributed smart energy grids smart metering and allows for automatic commercial transactions of power between the participants of a dedicated marketplace. Values dynamically fluctuate depending on the real-time offer and demand and the grid’s state. Thus, all partaking stakeholders are able to take the most out of their product by leveraging the intelligence provided by the energy marketplace, and contribute to the overall stabilization of the energy grid.

Keywords: energy grids; energy producers; cold spinning reserve; DLT; brokerage; SMEs; energy optimisation (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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