We implemented the self-consumption maximisation through P2P energy trading scenario through a platform, based on the Distributed Ledger Technologies (DLT). The application of a P2P market platform enables prosumers in a local network to directly trade energy with each other, by avoiding renewables (RES) curtailment and future grid transport costs. The platform, based on blockchain, guarantees the transparency and security of the transaction, which remains permanently recorded in the platform, allowing all parties to audit the results. Fungible tokens based on ERC-20 standard are exploited as a payment for the purchase of energy between prosumers.
The main advantages of this approach are multi-fold:
The absence of a central owner of the market guarantees the satisfaction of all stakeholders’ interests without any catalysation around big players.
By design, the transactions in the blockchain are transparent and immutable. This can help the resolution of any disputes among the market participants and ensure non-repudiation for transactions performed.