Xiaojun Luo Xiaojun.Luo@uwe.ac.uk
Senior Lecturer in Financial Technology
Towards a blockchain and machine learning-based framework for decentralised energy management
Luo, Xiaojun; Mahdjoubi, Lamine
Authors
Lamine Mahdjoubi Lamine.Mahdjoubi@uwe.ac.uk
Professor in Info. & Communication & Tech.
Abstract
In most domestic buildings, gas and electricity are supplied by energy and utility companies through centralised energy systems. This often results in a high burden on central management systems and has adverse effects on energy prices. Blockchain-based peer-to-peer energy trading platforms can deliver strategic operation of decentralised multi-energy network among multiple domestic buildings to reduce global greenhouse gas emissions and address global climate change issues. However, prevailing blockchain-based energy trading platforms focused on system implementation for peer-to-peer electricity trading while lacking predictive control and energy scheduling optimisation. Therefore, this paper presents an integrated blockchain and machine learning-based energy management framework for multiple forms of energy (i.e., heat and electricity) allocation and transmission, among multiple domestic buildings. Machine learning is harnessed to predict day-ahead energy generation and consumption patterns of prosumers and consumers within the multi-energy network. The proposed blockchain and machine learning-based decentralised energy management framework will establish optimal and automated energy allocation among multiple energy users through peer-to-peer energy transactions. This approach focuses on energy-matching from both the supply and demand sides while encouraging direct energy trading between prosumers and consumers. The security and fairness of energy trading can also be enhanced by using smart contracts to strictly execute the energy trading and bill payment rules. A case study of 4 real-life domestic buildings is introduced to determine the economic and technical potential of the proposed framework. In comparison to prevailing approaches, a key benefit from the proposed approach is an improved computational load/failure of a single point, energy trading strategy, workload, and capital cost energy. Findings suggest that energy costs reduced between 7.60% and 25.41% for prosumer buildings and a fall of 5.40%-17.63% for consumer buildings. In practical applications, the proposed approach can involve a larger number of prosumer and consumer buildings within the community to decentralise multiple energy trading, thus significantly contributing to the reduction of greenhouse gas emissions and enhancing environmental sustainability.
Journal Article Type | Article |
---|---|
Acceptance Date | Nov 16, 2023 |
Online Publication Date | Nov 20, 2023 |
Publication Date | Jan 15, 2024 |
Deposit Date | Nov 30, 2023 |
Publicly Available Date | Dec 6, 2023 |
Journal | Energy and Buildings |
Print ISSN | 0378-7788 |
Publisher | Elsevier |
Peer Reviewed | Peer Reviewed |
Volume | 303 |
Article Number | 113757 |
DOI | https://doi.org/10.1016/j.enbuild.2023.113757 |
Keywords | Electrical and Electronic Engineering; Mechanical Engineering; Building and Construction; Civil and Structural Engineering |
Public URL | https://uwe-repository.worktribe.com/output/11470572 |
Additional Information | This article is maintained by: Elsevier; Article Title: Towards a blockchain and machine learning-based framework for decentralised energy management; Journal Title: Energy and Buildings; CrossRef DOI link to publisher maintained version: https://doi.org/10.1016/j.enbuild.2023.113757; Content Type: article; Copyright: Crown Copyright © 2023 Published by Elsevier B.V. |
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