Blockchain-Enabled Intelligent Dispatching and Credit-Based Bidding for Microgrids

Abstract

As a new direction of smart grids, the smart microgrid is a self-sufficient energy system that can generate and distribute energy in limited areas. However, existing work faces issues such as data privacy security, single-power supply mode, and unreasonable scheduling, which bring challenges to the application of smart microgrids. In light of this, we formalize a blockchain-based smart microgrid system, preserving the tracking capability of the system and ensuring the privacy of user data. In addition, we propose an intelligent dispatching scheme, in which meteorological factors are considered in power prediction and a prediction results-based intelligent allocation algorithm is designed. Furthermore, we introduce a credit bidding mechanism, which can make companies participate in the dispatching more fairly and proportionately. Numerical results show that our proposed scheme performs well in terms of prediction results and the cost of intelligent dispatching.