Integrated Energy Transaction Mechanisms Based on Blockchain Technology

Shengnan Zhao, Beibei Wang, Yachao Li and Yang Li
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Shengnan Zhao: School of Electrical Engineering, Southeast University, Nanjing 210096, China
Beibei Wang: School of Electrical Engineering, Southeast University, Nanjing 210096, China
Yachao Li: School of Electrical Engineering, Southeast University, Nanjing 210096, China
Yang Li: School of Electrical Engineering, Southeast University, Nanjing 210096, China

Energies, 2018, vol. 11, issue 9, 1-19

Abstract: With the rapid development of distributed renewable energy (DRE), demand response (DR) programs, and the proposal of the energy internet, the current centralized trading of the electricity market model is unable to meet the trading needs of distributed energy. As a decentralized and distributed accounting mode, blockchain technology fits the requirements of distributed energy to participate in the energy market. Corresponding to the transaction principle, a blockchain-based integrated energy transaction mechanism is proposed, which divides the trading process into two stages: the call auction stage and the continues auction stage. The transactions among the electricity and heat market participants were used as examples to explain the details of the trading process. Finally, the smart contracts of the transactions were designed and deployed on the Ethereum private blockchain site to demonstrate the validity of the proposed transaction scheme.

Keywords: blockchain; decentralized market; integrated energy transaction; transaction scheme design (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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