Transforming the Energy System with P2P transactions between distributed generators and end consumers

Abstract

This   paper   aims   at   presenting   a   solution   that enables end customers of the energy system to participate innew   local   micro-energy-markets   by   providing   them   with   a distributed, decentralized, transparent and secure Peerto  Peer  (P2P)  payment  system,  which  functions  automatically applying    new    concepts    of    Machine    to   Machine    (M2M) communication  technologies.  This  work  was  performed  within the German project VK_2G, funded by the DBU.The   key   results   were:   Providing   means   to   perform   micro-transactions   in   a   P2P   fashion   between   end   consumers   and prosumers  in  local  communities  at  low  cost  in  a  transparent  and secure  manner;  Developing  a  platform  with  pre-defined  smart contracts able to be tailored to different end customers ‘needs in an easy way and; Integrating both the market platform as well as the  local  control  of  generation  and  loads.  This  solution has  been developed,  integrated  and  tested  in  a  Laboratory  prototype.  This paper  discusses  this  solution  and  presents  the  results  of  the  first test.