Blockchain-based trading of energy savings assets: Enhancing transparency and efficiency in the energy market

IF 5.6 2区工程技术 Q2 ENERGY & FUELS

Sustainable Energy Grids & Networks Pub Date : 2025-09-25 DOI:10.1016/j.segan.2025.101980

Amit S. Chopade , Nita R. Patne , Nitesh A. Funde

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引用次数: 0

Abstract

Rising energy demands and increasing carbon emissions have intensified the need for scalable, transparent energy efficiency (EE) mechanisms. This study presents a blockchain-based system for trading energy savings assets (ESAs) digitized representations of verified energy savings generated primarily through municipal public lighting projects under the energy service company (ESCO) model. The proposed system leverages Hyperledger Fabric (HLF), a permissioned blockchain platform, to enable secure, transparent, and automated trading of surplus energy savings among urban local bodies (ULBs). It integrates IoT-enabled smart meters for real-time energy monitoring, smart contracts for automated transaction execution, and a decentralized ledger for tamper-proof recordkeeping, eliminating the need for third-party physical verification. Experimental results demonstrate that most ULBs retrofitting conventional lights with LEDs achieve surplus energy savings beyond mandated benchmarks, qualifying for ESA generation. The system supports asset creation with a throughput of 0.44 requests per second and trade execution with an average response time of 6.64 s over HLF blockchain platform. By ensuring transparency, auditability, and operational efficiency, the system establishes a foundation for a trust-driven EE marketplace, particularly valuable for emerging economies aiming to advance smart city initiatives and meet carbon reduction goals.

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基于区块链的节能资产交易：提高能源市场的透明度和效率

不断增长的能源需求和不断增加的碳排放加剧了对可扩展、透明的能源效率机制的需求。本研究提出了一个基于区块链的系统，用于交易节能资产（esa），主要通过能源服务公司（ESCO）模式下的市政公共照明项目产生的经验证的节能的数字化表示。拟议的系统利用Hyperledger Fabric (HLF)，一个被许可的区块链平台，实现城市地方机构（ulb）之间剩余节能的安全、透明和自动化交易。它集成了支持物联网的智能电表，用于实时能源监控，用于自动交易执行的智能合约，以及用于防篡改记录保存的分散分类账，从而消除了第三方物理验证的需要。实验结果表明，大多数ulb用led改造传统灯，实现了超过规定基准的剩余能源节约，符合ESA发电的条件。在HLF区块链平台上，系统支持每秒0.44个请求的资产创建吞吐量和平均响应时间为6.64秒的交易执行。通过确保透明度、可审计性和运营效率，该体系为信任驱动的电子电气市场奠定了基础，对旨在推进智慧城市倡议和实现碳减排目标的新兴经济体尤其有价值。

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来源期刊

Sustainable Energy Grids & Networks Energy-Energy Engineering and Power Technology

CiteScore

7.90

自引率

13.00%

发文量

206

审稿时长

49 days

期刊介绍： Sustainable Energy, Grids and Networks (SEGAN)is an international peer-reviewed publication for theoretical and applied research dealing with energy, information grids and power networks, including smart grids from super to micro grid scales. SEGAN welcomes papers describing fundamental advances in mathematical, statistical or computational methods with application to power and energy systems, as well as papers on applications, computation and modeling in the areas of electrical and energy systems with coupled information and communication technologies.