Technical brochure
TB 893 WG C5.33

Trading Electricity with Blockchain Systems

On the wave of the development of new ICT technologies and renewable energy, the power system will certainly experience great changes to its outdated architecture over the next several decades. One of the key drivers of change in the power system are distributed energy resources. They are completely changing the paradigm of the power system as a system with a centralized hierarchy and one-way power flows from generation to customer and from high voltage to low voltage. Because the goals of net zero greenhouse gas emissions are gathering pace and are being accepted by countries around the world, slowdown in the integration of distributed energy resources cannot be expected. Another reason why we can expect faster integration is the development of technology for energy production which is becoming more available to power consumers. Because of the problems that are currently occurring in the distribution system it is clear that the system must be modernized in line with the development of these technologies. The technology that will likely have the greatest impact on the modernization of the power system is blockchain technology combined with the smart grid paradigm. Blockchain has the ability to completely change the way the power system is managed and optimized for performance.

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Electricity markets and regulation

This Technical Brochure has been created by a Working Group from the CIGRE Electricity markets and regulation Study Committee which is one of CIGRE's 16 domains of work.
Analysis of the impacts on the planning and operation of electric power systems of different market approaches and solutions; and of new structures, institutions, actors and stakeholders. The role of competition and regulation in improving end-to-end efficiency of the electric power system.

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