Towards Imposing Load Shedding Hierarchies based on Tokenised Self
Assessed Licenses
Abstract
This piece serves as an exploratory study into the combination of
blockchain-aware smart meters and radical economic paradigms. Load
shedding is examined through this novel lens. Load shedding is an
established means of preventing system collapse under emergency
conditions. An auctioned load shedding hierarchy method is proposed
whereby participating parties bid on tokens (SALtoks) guaranteeing
access to supply during load shedding. This method is based on the
recently developed Self Assessed Licenses Sold via Auction paradigm
developed. Under this paradigm, SALtoks are subject to taxes based on
valuations, while also being subject to continuous auction. A case study
is performed on a hypothetical island power system. Higher ranking
SALtoks are held by larger consumers. The method is found to mitigate
economic impacts by allowing industry to maintain supply during load
shedding. Smaller consumers, while subject to more frequent
interruptions, gain the public benefit of increased income from
taxation.