Blockchain-based Distributed Power Market Trading Mechanism

Abstract

Distributed power market trading has the characteristics of large number of participants, scattered locations, small single trading scale, and point-to-point trading. The traditional centralized power trading model has the problems of large load, low efficiency, high cost, reliance on third parties and unreliable data. With the characteristics of decentralization and nontampering, blockchain can establish a point-to-point trusted trading environment and provide effective solutions to the above problems. Therefore, this paper proposed a distributed power market trading framework based on blockchain. In this framework, the distributed power supply characteristics and trading needs of each participant are analyzed, a complete distributed trading process based on blockchain is designed. In addition, we have studied the key technologies of distributed power market trading. With the goal of power service reputation and maximum revenue of distributed power providers, we have established a matching degree model, a distributed power market trading optimization model, and designed a smart contract-based power market trading optimization strategy and power trading settlement strategy. Finally, we designed experiments to verify the performance of the proposed framework.

Research on the Trading Mechanism and Trading Strategy of Electric Power Market under the Background of new Electric Power System

“…Based on the current research background at home and abroad, combined with the current clean energy affordable given rules and electricity spot market trading operation mechanism, puts forward the optimization of clean energy given trading mechanism, with distributed electricity build compensation mechanism, on the premise of protecting the rights and interests of the market, improper planning of clean energy electricity quotation, in order to increase the cost of market trading mechanism to regulate the electricity spot market trading mechanism. [1]…”

Distributed energy storage participating in power trading mechanism for power system flexibility

“…Given adequate computational power, it can integrate centralized and distributed trading modes. Reference (Cui et al, 2022) introduced a method for utilizing blockchain technology to facilitate the integration and interconnection of trading and scheduling businesses under the regulatory system. Meanwhile, reference (Yan and Chen, 2022) established a two-layer operatorcommunity-user energy storage capacity sharing model based on centralized energy storage power stations.…”