Microgrid optimisation: blockchain-enabled peer-to-peer energy trading

Microgrids efficiently integrate renewable energy sources, supporting green and sustainable energy goals. However, with the widespread adoption of renewable energy, microgrids encounter new challenges in energy management. This paper proposes a blockchain-based P2P energy trading market for microgrids, along with a coordinated trading mechanism for optimal energy trading and scheduling. To ensure transaction fulfilment, market stability, and incentivise participation, a compliance trading deposit mechanism is introduced. Simulation results demonstrate that this approach effectively facilitates P2P energy trading and significantly reduces energy imbalances within microgrids.