DERs Orchestration and Gen3 Blockchain Integration in P2P Trading Based Distribution Network

Abstract

This paper discusses the advantages of orchestrating distribution energy resources (DERs) within the distribution network and integrating third generation (Gen3) blockchain technology among a diverse range of customers. The implementation of peer-to-peer (P2P) energy trading aims to optimize local energy utilization, reduce energy costs for participants, and provide insights into profit margins for aggregators and the distribution system operator (DSO). The study focuses on three types of DERs, namely electric vehicles (EVs), photovoltaic (PV) systems, and battery energy storage systems (BESSs), to facilitate transparent and secure P2P energy trading. The results underscore the importance of Gen3 blockchain technology in expediting and enhancing energy trading processes, thereby benefiting a wide range of participants.