Course

Syllabus

Overview of Electricity Markets: Participants, Pricing, Market Types (Wholesale, Retail), Day-Ahead, Real-Time, and Ancillary Services Markets. Tariff Design: Time-of-Use, Dynamic Pricing, Net Metering. Regulatory Roles: ISOs, RTOs, Utility Models, Smart Grids, Impact of Renewable Integration on Market Design. Digitalization in Energy: Demand Response, Virtual Power Plants.

Introduction to DERs: Solar, Wind, Storage, Microgrids. Grid Economics with DERs: Load Shaping, Curtailment, Forecasting. Peer-to-Peer (P2P) Energy Trading Models and Mechanisms. Energy as a Service (EaaS), Community Grids, and Local Energy Markets. Locational Marginal Pricing (LMP) and Congestion Management. Case Studies: P2P Market Pilots, Community DER Initiatives.

Blockchain Basics: Structure, Consensus Algorithms, Types (Public, Private). Smart Contracts: Concepts, Use in Automation (Solidity Overview). Blockchain Platforms in Energy: Ethereum, Hyperledger, Power Ledger. Applications: P2P Energy Trading, Renewable Energy Certificates (REC), Carbon Markets. Secure Metering, Billing, and Settlement on Blockchain, Challenges and Future Outlook: Regulation, Scalability, Interoperability

Pre-requisite: Nil

Course Objectives

• To enable students to understand the functioning, pricing mechanisms, and regulatory environment of modern electricity markets.
• To equip students with knowledge of the impact of distributed energy resources and digital technologies on energy market transformation.
• To develop proficiency in applying blockchain and smart contract technologies in decentralized energy systems, with practical lab integration.

Course Outcomes

CO1: Understand the structure of modern energy markets and the associated regulatory frameworks.

CO2: Analyze the impact of distributed energy resources (DERs), Peer-to-Peer (P2P) energy systems, and digital

transformation of market operations.

CO3: Understand the fundamentals of blockchain, consensus mechanisms, and smart contracts.

CO4: Design blockchain-based applications for energy trading, certification, and grid management scenarios.

CO5: Implement blockchain prototypes and simulate decentralized market models using tools.

CO-PO Mapping

1. Hongjian Sun, Weiqi Hua, Minglei Yu, Blockchain and Artificial Intelligence Technologies for Smart Energy Systems, CRC Press (Taylor & Francis Group), 2021.
2. Peter Fox-Penner, Power after Carbon: Building a Clean, Resilient Grid, Harvard University Press, 2020.
3. Weiqi Hua et al., Applications of Blockchain and Artificial Intelligence Technologies for Enabling Prosumers in Smart Grids: A Review, 2022.
4. Yihao Guo et al., When Blockchain Meets Smart Grids: A Comprehensive Survey, 2021.