Local Energy Marketplace Agents-Based Analysis

This research shows that prosumer consortium transactive models are useful for lowering the price of energy and increasing the stability and reliability of power in localized areas. The decentralized nature of blockchain and solar power prediction helps keep control within local areas, such as Education City Community Housing (ECCH), where many households have access to resources that would otherwise be expensive or otherwise impossible to manage. This could ultimately lead to the wider adoption of such models to reduce energy costs and create energy-conscious communities. Overall, prosumer consortium energy transactive models can create a win-win situation for the parties involved. Increasing communication between the participants, lowering costs, and eliminating intermediary organizations, allows prosumers to take control of their electricity usage, become self-sufficient, and contribute to an economy powered by distributed energy generation. Furthermore, it also allows institutions to become more sustainable, better manage their energy demand, and enjoy more reliable energy with reduced costs.