A novel management scheme for power grid demand response based on blockchain

Abstract

The smart grid optimizes traditional power grids and provides more intelligent services for end users and utilities. However, due to the large number of unsafe devices in the smart grid, there are corresponding risks when implementing relevant solutions on these devices. Therefore, in this article, a security demand response management scheme based on blockchain is proposed to safely make energy trading decisions, thereby realizing the management of the overall load of users in the power grid. In this scheme, the miner node is the verifier. These nodes are responsible for verifying energy transactions in the smart grid (SG) and adding corresponding blocks to the blockchain. Successful energy transactions only occur in blocks in the blockchain. Here, the proposed method is validated through experiments on electric vehicles. The experimental results demonstrate the effectiveness of the proposed scheme in demand response management.