Verifiable Settlement and Pricing for Local Energy Markets: Architecture and Deployment on Hyperledger Besu
In briefVerifiable Settlement and Pricing for Local Energy Markets on Hyperledger Besu
SummaryThis paper implements privacy-preserving local electricity trading on a Hyperledger Besu network with QBFT consensus, using an automated market maker to set prices. Individual electricity positions stay off-chain, while only aggregate supply and demand are published, and smart contracts compute prices every fifteen minutes. Poseidon2 commitments and UltraHonk zero-knowledge proofs generated from Noir circuits verify aggregation, payments, and daily balance updates. In a ten-household simulation, local trading covered 34.4% of demand and reduced grid-only costs by 30.5% under assumed tariffs.