APPLICATION OF BLOCKCHAIN TECHNOLOGY FOR MANAGEMENT OF NETWORKS WITH DISTRIBUTED GENERATION

Current study explored the application of blockchain technology and smart contracts for management of electrical networks that combines renewable energy sources and gas turbine units. Also, study proposes the algorithm of adaptation of smart contracts to automate electricity trading agreements, balance power capacities, and data protection. Moreover, a model of subnetwork was created that includes renewable sources of energy, a gas turbine power plant, and industrial and residential consumers. The simulation of isolated and parallel operation modes has been conducted. The results of the current study demonstrated an effectiveness of the algorithm in providing stability, fulfillment of power restriction and enhancement of energy system flexibility. This demonstrates the feasibility of implementation of the proposed approach in order to support the sustainable development of decentralized energy markets.