A Flexibility Market Platform for Electricity System Operators Using Blockchain Technology
Valeri Mladenov, Veselin Chobanov, George Serițan, Radu Porumb, Bogdan–Adrian Enache, Vasiliki Vita, Marilena Stănculescu, Thong Vu Van, Dimitrios Bargiotas
Abstract
The paper’s main objective is to demonstrate the trading and flexibility of services amongst TSOs, DSOs, and Prosumers in a transparent, secure, and cost-effective manner using Blockchain-based TSO-DSO flexibility marketplace (EFLEX). The aim is to look for ways to help DSOs/TSOs be more flexible and more directly engaged in managing energy flows on the network. EFLEX will streamline the needs of both TSO and DSO on the same platform. Based on the paper’s proposed services, the pilot service demonstration will be carried out in Bulgaria and Romania, and the main focus will be on congestion management, TSO-DSO Coordination, and Marketplace. The proposed objective is achieved by using Blockchain-based smart contracts and distributed ledger technology.