Abstract
The electricity retailers or suppliers promote business models focused on consumers-centred services except few of them. The reader could even doubt their interest in offering the most appropriate tariffs since lower tariffs imply lower revenue and consequently lower profit. No one-fit-for-all service can actively engage the electricity consumers. Most of the electricity consumers do not understand their consumption behaviour because they do not know it, they do not have real access to the consumption data. The current web portals do not share the consumption data with third parties, thus there is no market solutions. In this paper, we propose a distributed database architecture on blockchain technology for electricity transactions that innovate and increase the market competition in the era of digitalization enhancing the consumers awareness and transparent transitions.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.