Multi-layer aggregation in smart grids a business model approach

Abstract

This paper describes a business model innovation approach to multi-layer aggregation in smart power grids. Multi-layer aggregation makes it possible to sell and buy electrical power in the local market. To make this feasible, it is necessary to innovate an efficient business model and technology to handle the transactions between sellers and buyers. The proposed business model will use blockchain and smart contracts to handle transactions between the actors.