Blockchain technology based decentralized energy management in multi-microgrids including electric vehicles

Abstract

This paper proposes an energy scheduling mechanism among multiple microgrids (MGs) and also within the individual MGs. In this paper, electric vehicle (EV) energy scheduling is also considered and is integrated in the operation of the microgrid (MG). With the advancements in the battery technologies of EVs, the significance of Vehicle-to-Grid (V2G) is increasing tremendously. So, designing the strategies for energy management of electric vehicles (EVs) is of paramount importance. The battery degradation cost of an EV is also taken into account. Vickrey second price auction is used for truthful bidding. To enhance the security and trust, blockchain technology can be incorporated. The market is shifted to decentralized state by using blockchain. To encourage the MGs to generate more, contribution index is allotted to each prosumer of a MG and to the MGs as a whole, depending on which priority is given during auction. The system was simulated using IEEE 118 bus feeder which consists of 5 MGs, which in turn contain EVs and prosumers.