Application of distributed ledger technology in distribution networks

Zhou, Yue ORCID: https://orcid.org/0000-0002-6698-4714, Manea, Andrei, Hua, Weiqi, Wu, Jianzhong ORCID: https://orcid.org/0000-0001-7928-3602, Zhou, Wei ORCID: https://orcid.org/0000-0002-6698-4714, Yu, James and Rahman, Saifur 2022. Application of distributed ledger technology in distribution networks. Proceedings of the IEEE 110 (12) , pp. 1963-1975. 10.1109/JPROC.2022.3181528

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Abstract

In the transition to a society with net-zero carbon emissions, high penetration of distributed renewable power generation and large-scale electrification of transportation and heat are driving the conventional distribution network operators (DNOs) to evolve into distribution system operators (DSOs) that manage distribution networks in a more active and flexible way. As a radical decentralized data management technology, distributed ledger technology (DLT) has the potential to support a trustworthy digital infrastructure facilitating the DNO–DSO transition. Based on a comprehensive review of worldwide research and practice, as well as the engagement of relevant industrial experts, the application of DLT in distribution networks is identified and analyzed in this article. The DLT features and DSO needs are first summarized, and the mapping relationship between them is identified. Detailed DSO functions are identified and classified into five categories (i.e.“, planning”, “operation”, “market”, “asset”, and “connection”) with the potential of applying DLT to various DSO functions assessed. Finally, the development of seven key DSO functions with high DLT potential is analyzed and discussed from the technical, legal, and social perspectives, including peer-to-peer energy trading, flexibility market facilitation, electric vehicle charging, network pricing, distributed generation register, data access, and investment planning.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Engineering
Publisher:	Institute of Electrical and Electronics Engineers (IEEE)
ISSN:	0018-9219
Date of First Compliant Deposit:	7 June 2022
Date of Acceptance:	29 May 2022
Last Modified:	19 Nov 2024 23:30
URI:	https://orca.cardiff.ac.uk/id/eprint/150279

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