Transactive energy management system for smart grids using Multi-Agent Modeling and Blockchain

Abstract

Technological approaches for effective energy regulation are required due to incorporating contemporary electrical systems with sustainable power resources. Our article suggests a Transactive Energy Managing System (T.E.M.S.) using Blockchain-based technologies and Multiple-Agent Modelling (M.A.M.) to improve the long-term viability and dependability of energy-efficient grids. The framework utilizes a decentralized methodology enabled by self-governing agents. These units include services, sellers, and customers in the electricity system. Such entities engage in vibrant interactions, trading energy according to current economic circumstances, choices, and facts. Blockchain-based technology promotes a more robust and decentralized power industry by eliminating the demand for centralized mediators and improving information security. The suggested T.E.M.S. aims to tackle issues such as demand-response administration, incorporation of sustainable energy resources, and grid reliability. The efficiency of the mechanism in maximizing power use, lowering load spikes, and fostering an improved power environment is proved via modelling and evaluation. The research advances intelligent grid technology by providing an extensive, decentralized approach that aligns with the changing power industry. In this era of connected layouts, integrating Blockchain-based technologies with Multiple-Agent Modelling offers a solid basis for creating flexible and adaptable power control technologies.