BLOCKCHAIN DISTRIBUTION ENERGY MANAGEMENT WITH OPTIMIZED BALANCING

A cyber-secure local electrical power market for a power grid with a utility operator transmitting power where a group of participating nodes within the distribution network operate together through respective computers on a blockchain architecture. The participating nodes have controllable resources with controllers in operative communication within the blockchain architecture, such as controllable generators and controllable loads. Decentralized market software operates on computers within the blockchain architecture and shares blockchain datasets that include financial information associated with the controllable resources and operating states of the grid. One or more of the computers in the blockchain architecture calculates Locational Marginal Pricing (LMP) across the participating nodes according to the set of financial information and determines a set of energy service orders corresponding to LMP for the controllable resources to change their operating states. The computers also preferably calculate an energy balance with the transmission system in determining the energy service orders.