Two-way dynamic pricing mechanism of hydrogen filling stations in electric-hydrogen coupling system enhanced by blockchain

Longze Wang, Shucen Jiao, Yu Xie, Shiwei Xia, Delong Zhang, Yan Zhang and Meicheng Li

Energy, 2022, vol. 239, issue PC

Abstract: Hydrogen filling stations can provide hydrogen by consuming renewable electricity, and are an important part of the electric-hydrogen coupling system. An appropriate pricing mechanism for renewable-dominated hydrogen stations is urgently required. In this paper, we propose a dynamic pricing mechanism for such hydrogen stations enhanced by blockchain technology. First, a two-way decentralized trading mode is constructed in the electricity/hydrogen energy markets. Second, a series of propensity factors are integrated into the two-way pricing mechanism, which is a mathematical characterization of various real-time information in the system. Blockchain cross-chain interoperability technology can ensure seamless and effective performance of the proposed pricing mechanism. A case study is presented, and our simulation results show that our method has obvious advantages in improving trading profit and renewable energy utilization efficiency over the method of a constant energy price. Finally, we developed a double-chain blockchain decentralized application to illustrate how the system can implement a two-way dynamic pricing mechanism in an electric-hydrogen coupling system.

Keywords: Pricing mechanism; Hydrogen filling stations; Blockchain; Cross-chain interoperability; Electric-hydrogen coupling system (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0360544221024427
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:239:y:2022:i:pc:s0360544221024427

DOI: 10.1016/j.energy.2021.122194

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().