Managing energy purchase agreements on a blockchain

A computer program product for managing energy supply agreements comprising a non-transitory computer readable storage medium having program instructions embodied therewith, the program instructions executable by a computer to cause the computer to perform a method comprising:

• connecting to a permissioned blockchain, the blockchain being accessible only by energy suppliers, energy transmission companies and government agencies that regulate a market for the supply of energy by energy suppliers to energy transmission companies;
• creating a new block for an energy purchase agreement that provides for the purchase of energy by an energy transmission company from an energy supplier;
• appending the new block having the energy purchase agreement to the blockchain;
• and
• responsive to the energy supplier supplying a quantity of energy to the energy transmission company in an individual energy transaction, appending the individual energy transaction as a block to the blockchain.

A system for managing energy supply agreements comprising:

• a permissioned blockchain, the blockchain being accessible only by energy suppliers, energy transmission companies and government agencies that regulate a market for the supply of energy by energy suppliers to energy transmission companies;
• a non-transitory storage medium that stores instructions;
• a computer that executes the instructions to perform the following functions:
• create a new block for an energy purchase agreement that provides for the purchase of energy by an energy transmission company from an energy supplier;
• append the new block having the energy purchase agreement to the blockchain;
• and
• responsive to the energy suppliers supply of a quantity of energy to the energy transmission company in an individual energy transaction, append the individual energy transaction as a block to the blockchain.