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Review Article

Barriers to blockchain-based decentralised energy trading: a systematic review

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Pages 41-71 | Received 01 Jun 2022, Accepted 28 Dec 2022, Published online: 13 Feb 2023

Figures & data

Figure 1. Transition in electric power grid. (a) Traditional power grid system. (b) Smart grid system.

Figure 1. Transition in electric power grid. (a) Traditional power grid system. (b) Smart grid system.

Figure 2. Blockchain overview.

Figure 2. Blockchain overview.

Figure 3. Blockchain data structure (chain of blocks).

Figure 3. Blockchain data structure (chain of blocks).

Figure 4. Network models.

Figure 4. Network models.

Figure 5. Possible pathways for electricity system transitions in Australia.

Figure 5. Possible pathways for electricity system transitions in Australia.

Figure 6. Energy consumption in megawatts at a different time of the day illustrates ‘The Duck curve problem’. Source: (Green, Martin, and Cojocar Citation2018).

Figure 6. Energy consumption in megawatts at a different time of the day illustrates ‘The Duck curve problem’. Source: (Green, Martin, and Cojocar Citation2018).

Figure 7. DSM activities.

Figure 7. DSM activities.

Table 1. A summary of the reviewed blockchain-based DET reviews.

Figure 8. The systematic mapping process.

Figure 8. The systematic mapping process.

Table 2. Minimal requirements for each blockchain role.

Figure 9. Screening process.

Figure 9. Screening process.

Figure 10. Classification scheme.

Figure 10. Classification scheme.

Table 3. Data extraction and synthesis template.

Figure 11. Components of a DET conceptual framework.

Figure 11. Components of a DET conceptual framework.

Figure 12. Energy trading value chains. (a) Traditional Centralised Energy Trading system. (b) Decentralised Energy Trading systems.

Figure 12. Energy trading value chains. (a) Traditional Centralised Energy Trading system. (b) Decentralised Energy Trading systems.

Table 4. Summary of the three market models.

Table 5. Technical barriers to blockchain-based DET and the currently proposed solutions.

Table 6. A summary of administrative, standardisation and economic barriers to blockchain-based DET and the currently proposed solutions.

Figure 13. BDET system attack taxonomy.

Figure 13. BDET system attack taxonomy.

Figure 14. High-level consumer-retailer workflow for an Australian energy market.

Figure 14. High-level consumer-retailer workflow for an Australian energy market.

Table 7. Consumer-retailer trade contract.