Cardiff University | Prifysgol Caerdydd ORCA
Online Research @ Cardiff 
WelshClear Cookie - decide language by browser settings

Automation of the supplier role in the GB power system using blockchain based smart contracts

Thomas, Lee ORCID:, Long, Chao ORCID:, Burnap, Peter ORCID:, Wu, Jianzhong ORCID: and Jenkins, Nicholas ORCID: 2017. Automation of the supplier role in the GB power system using blockchain based smart contracts. Presented at: CIRED 2017 - International Conference on Electricity Distribution, Glasgow, UK, 12-15 June 2017.

There is a more recent version of this item available.
[thumbnail of LTetal CIRED Paper.pdf]
Download (1MB) | Preview


An electricity supply smart contract was developed and demonstrated to perform pre-time-of-use price negotiation between demand and generation and posttime-of-use settlement and payment. The smart contract was demonstrated with 1000 loads/generators with usages simulated using lognormal probability distributions. It combines payment of deposit, negotiation of price based on estimates, settlement based on actual usage and enactment of payments using crypto-currency. The settlement procedure rewards customers that adjusted to balance the system. The smart contract was written in the Solidity programming language and implemented with a simulated Ethereum blockchain using testrpc and go-ethereum. In the example test case, a price was agreed, settled and payment enacted.

Item Type: Conference or Workshop Item (Paper)
Date Type: Submission
Status: Unpublished
Schools: Computer Science & Informatics
Subjects: T Technology > TK Electrical engineering. Electronics Nuclear engineering
Funders: EPSRC
Related URLs:
Last Modified: 20 Jan 2024 14:49

Available Versions of this Item

Citation Data

Cited 33 times in Scopus. View in Scopus. Powered By Scopus® Data

Actions (repository staff only)

Edit Item Edit Item


Downloads per month over past year

View more statistics