Close
Forgotten Password?
Login?
Register Me
Home
About
Contact
More
More
Network Operators
Funding Timeline
LCNI Presentations
Annual Innovation Summary
Funding Documents
Document Templates
Events
Login
Home
About
Contact
Network Operators
Funding Timeline
LCNI Presentations
Annual Innovation Summary
Funding Documents
Document Templates
Events
Project Details
R
eport
pt
P
rint
rn
D
ownload
/L
Save
Share
Share
Facebook
Twitter
Google
Electricity Transmission
Project Details
Documents
Ideas for future projects?
Mar 2018
Electricity Transmission and Electricity Distribution
Distributed Ledger Technology-enabled Distribution System Operation (Phase 1)
Reference:
NIA_SPEN_1801
Status:
Live
Start Date:
Mar 2018
End Date:
Mar 2020
Funding Licencee(s):
SP Energy Networks, Scottish and Southern Electricity Networks, SP Distribution, SP Manweb and UK Power Networks
Contact:
James Yu (SPEN), Kate Jones (SSEN, kate.l.jones@sse.com), Boris-Emanuel Yazadzhiyan (UKPN, Boris.Yazadzhiyan@ukpowernetworks.co.uk)
Click here to send a question to the contact.
Funding Mechanism
Network Innovation Allowance
Research Area:
ED - Network improvements and system operability, ED - New technologies and commercial evolution and ET - New technologies and commercial evolution
Core Technology(ies):
Commercial
Estimated Expenditure:
£400,000.00
Introduction:
This project will investigate the use of Distributed Ledger Technology for smart contracts in Distribution Network Operation.
Objectives:
The over-arching objective is to investigate
the viability of using DLT based smart contracts for distribution network operation, including the potential transition to a system operator role. To do this, the project aims to encode rules for agreement in to DLT based smart contracts. In doing this, the objective is to create knowledge and transfer know-how to the participating networks, and the wider industry, in the arrangement and safe deployment of, and interaction with, DLT based smart contracts. The project also aims to inform network licensees of the commercial and technical potential for DLT enabled smart contracts to be integrated into business as usual practices; and to provide a basis for evaluating commercial offerings. Finally, the project will also inform industry steering groups and governing bodies as to the potential for, as well as any practical limitations of, such technologies to lower the system-wide cost of operation through governance changes.