Real-Time Home Energy Management with IoT and Blockchain

Balancing Consumption and Peer-to-Peer Trading

Authors

  • Eissa Jaber Al-Reshidi Department of Information and Computer Science, College of Computer Science and Engineering, University of Ha’il, 81481, Ha’il, Saudi Arabia
  • Rabie Α. Ramadan College of Economics, Management, and Information Systems, Department of Information Systems,University of Nizwa, Oman | Computer Engineering Department, College of Computer Science and Engineering, University of Ha’il, 81481, Ha’il, Saudi Arabia | Computer Engineering Department, Faculty of Engineering, Cairo University, Egypt
  • Bassam W. Aboshosha Department of Communication and Computer Engineering, Higher Institute of Engineering, El Shorouk Academy, Egypt
  • Marwa Salem Computer Engineering Department, College of Computer Science and Engineering, University of Ha’il, 81481, Ha’il, Saudi Arabia
  • Abdulaziz Mohammed Alayba Software Engineering Department, College of Computer Science and Engineering, University of Ha’il, 81481, Ha’il, Saudi Arabia
Volume: 14 | Issue: 3 | Pages: 14014-14021 | June 2024 | https://doi.org/10.48084/etasr.7188

Abstract

As a result of the exponential increase in energy consumption, energy shortages, and augmented energy costs have become a significant problem for households. Solar cells are used in many homes and/or buildings to address these problems. However, managing renewable energy sources in homes can be difficult due to the irregular nature of renewable energy production. Internet of Things (IoT) devices can provide real-time data on energy production and consumption, offering a promising solution to this issue. The current study proposes a framework based on IoT and blockchain technology for home energy management by predicting future energy consumption patterns and optimizing energy use in real time. The blockchain module facilitates peer-to-peer energy trading between renewable energy-generating homeowners and consumers. The proposed framework was tested employing a dataset based on smart homes with solar panels and wind turbines. The results manifest a reduction in energy costs and a possible 30% increase in their traditional gain.

Keywords:

energy consumption, smart homes, peer-to-peer, energy trading, prediction

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How to Cite

[1]
E. Jaber Al-Reshidi, Ramadan R. Α., B. W. Aboshosha, M. Salem, and A. M. Alayba, “Real-Time Home Energy Management with IoT and Blockchain: Balancing Consumption and Peer-to-Peer Trading”, Eng. Technol. Appl. Sci. Res., vol. 14, no. 3, pp. 14014–14021, Jun. 2024.

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