When Energy Trading meets Blockchain in Electrical Power System: The State of the Art
It addresses challenges in decentralized energy trading for power systems, but is incremental as it reviews existing work.
This survey investigates blockchain-based energy trading in electrical power systems, identifying challenges like low efficiency and high costs, and categorizes existing schemes into energy transaction, consensus mechanism, and system optimization, while noting many unsolved problems remain.
With the rapid growth of renewable energy resources, the energy trading began to shift from centralized to distributed manner. Blockchain, as a distributed public ledger technology, has been widely adopted to design new energy trading schemes. However, there are many challenging issues for blockchain-based energy trading, i.e., low efficiency, high transaction cost, security & privacy issues. To tackle with the above challenges, many solutions have been proposed. In this survey, the blockchain-based energy trading in electrical power system is thoroughly investigated. Firstly, the challenges in blockchain-based energy trading are identified. Then, the existing energy trading schemes are studied and classified into three categories based on their main focus: energy transaction, consensus mechanism, and system optimization. And each category is presented in detail. Although existing schemes can meet the specific energy trading requirements, there are still many unsolved problems. Finally, the discussion and future directions are given.