scholarly journals Economic and Climatic Impacts of Different Peer-to-Peer Game Theoretic–Based Energy Trading Systems

IEEE Access ◽  
2020 ◽  
Vol 8 ◽  
pp. 195632-195644
Author(s):  
Usman Mussadiq ◽  
Anzar Mahmood ◽  
Saeed Ahmed ◽  
Sohail Razzaq ◽  
Insoo Koo
Keyword(s):  
Peer To Peer ◽  
Energy Trading ◽  
Trading Systems ◽  
Game Theoretic ◽  
Climatic Impacts

scholarly journals Transforming Energy Networks via Peer to Peer Energy Trading: Potential of Game Theoretic Approaches

2020 ◽  
Author(s):  
Wayes Tushar ◽  
Chau Yuen ◽  
Hamed Mohsenian-Rad ◽  
Tapan Saha ◽  
H. Poor ◽  
...  
Keyword(s):  
Peer To Peer ◽  
Energy Trading ◽  
Energy Networks ◽  
Game Theoretic

scholarly journals Blockchain-Based Peer-to-Peer Energy Trading and Charging Payment System for Electric Vehicles

2021 ◽  
Vol 13 (14) ◽  
pp. 7962
Author(s):  
Prince Waqas Khan ◽  
Yung-Cheol Byun
Keyword(s):  
Electric Vehicles ◽  
Smart Cities ◽  
Transportation Systems ◽  
Peer To Peer ◽  
Payment System ◽  
Human Interaction ◽  
Energy Trading ◽  
Trading Systems ◽  
Blockchain Technology ◽  
Charging Stations

The world is moving rapidly from carbon-producing vehicles to green transportation systems. Electric vehicles (EV) are a big step towards a friendly mode of transport. With the constant rise in the number of electric vehicles, we need a widespread and seamless charging infrastructure that supports seamless charging and billing. Some users generate electricity using solar panels and charge their electric vehicles. In contrast, some use charging stations, and they pay for vehicle charging. This raises the question of trust and transparency. There are many countries where laws are not strictly enforced to prevent fraud in payment systems. One of the preeminent problems presently existing with any of the trading systems is the lack of transparency. The service provider can overcharge the customer. Blockchain is a modern-day solution that mitigates trust and privacy issues. We have proposed a peer-to-peer energy trading and charging payment system for electric vehicles based on blockchain technology. Users who have excess electricity which they can sell to the charging stations through smart contracts. Electric vehicle users can pay the charging bills through electronic wallets. We have developed the electric vehicle’s automatic-payment system using the open-source platform Hyperledger fabric. The proposed system will reduce human interaction and increase trust, transparency, and privacy among EV participants. We have analyzed the resource utilization and also performed average transaction latency and throughput evaluation. This system can be helpful for the policymakers of smart cities.

Agent-Based Model of a Blockchain Enabled Peer-to-Peer Energy Market: Application for a Neighborhood Trial in Perth, Australia

Smart Cities ◽  
2020 ◽  
Vol 3 (3) ◽  
pp. 1072-1099 ◽  
Author(s):  
Jacob G. Monroe ◽  
Paula Hansen ◽  
Matthew Sorell ◽  
Emily Zechman Berglund
Keyword(s):  
Electricity Market ◽  
Energy System ◽  
Peer To Peer ◽  
Energy Market ◽  
Energy Trading ◽  
Agent Based ◽  
Trading Systems ◽  
Market Structures ◽  
Trade Offs ◽  
The Impact

The transfer of market power in electric generation from utilities to end-users spurred by the diffusion of distributed energy resources necessitates a new system of settlement in the electricity business that can better manage generation assets at the grid-edge. A new concept in facilitating distributed generation is peer-to-peer energy trading, where households exchange excess power with neighbors at a price they set themselves. However, little is known about the effects of peer-to-peer energy trading on the sociotechnical dynamics of electric power systems. Further, given the novelty of the concept, there are knowledge gaps regarding the impact of alternative electricity market structures and individual decision strategies on neighborhood exchanges and market outcomes. This study develops an empirical agent-based modeling (ABM) framework to simulate peer-to-peer electricity trades in a decentralized residential energy market. The framework is applied for a case study in Perth, Western Australia, where a blockchain-enabled energy trading platform was trialed among 18 households, which acted as prosumers or consumers. The ABM is applied for a set of alternative electricity market structures. Results assess the impact of solar generation forecasting approaches, battery energy storage, and ratio of prosumers to consumers on the dynamics of peer-to-peer energy trading systems. Designing an efficient, equitable, and sustainable future energy system hinges on the recognition of trade-offs on and across, social, technological, economic, and environmental levels. Results demonstrate that the ABM can be applied to manage emerging uncertainties by facilitating the testing and development of management strategies.

scholarly journals Peer-to-Peer Energy Trading in a Prosumer-Based Community Microgrid: A Game-Theoretic Model

2019 ◽  
Vol 66 (8) ◽  
pp. 6087-6097 ◽  
Author(s):  
Amrit Paudel ◽  
Kalpesh Chaudhari ◽  
Chao Long ◽  
Hoay Beng Gooi
Keyword(s):  
Peer To Peer ◽  
Theoretic Model ◽  
Energy Trading ◽  
Game Theoretic ◽  
Game Theoretic Model

scholarly journals A Motivational Game-Theoretic Approach for Peer-to-Peer Energy Trading in the Smart Grid

2020 ◽  
Author(s):  
Wayes Tushar ◽  
Tapan Saha ◽  
Chau Yuen ◽  
Thomas Morstyn ◽  
Malcolm McCulloch ◽  
...  
Keyword(s):  
Smart Grid ◽  
Peer To Peer ◽  
Theoretic Approach ◽  
Energy Trading ◽  
Game Theoretic ◽  
Game Theoretic Approach

scholarly journals Peer to Peer Energy Trading with Sustainable User Participation: A Game Theoretic Approach

2020 ◽  
Author(s):  
Wayes Tushar ◽  
Tapan Saha ◽  
Chau Yuen ◽  
Paul Liddell ◽  
Richard Bean ◽  
...  
Keyword(s):  
User Participation ◽  
Peer To Peer ◽  
Theoretic Approach ◽  
Energy Trading ◽  
Game Theoretic ◽  
Game Theoretic Approach

scholarly journals Transforming Energy Networks via Peer-to-Peer Energy Trading: The Potential of Game-Theoretic Approaches

2018 ◽  
Vol 35 (4) ◽  
pp. 90-111 ◽  
Author(s):  
Wayes Tushar ◽  
Chau Yuen ◽  
Hamed Mohsenian-Rad ◽  
Tapan Saha ◽  
H. Vincent Poor ◽  
...  
Keyword(s):  
Peer To Peer ◽  
Energy Trading ◽  
Energy Networks ◽  
Game Theoretic

scholarly journals Peer-to-Peer Energy Trading With Sustainable User Participation: A Game Theoretic Approach

IEEE Access ◽  
2018 ◽  
Vol 6 ◽  
pp. 62932-62943 ◽  
Author(s):  
Wayes Tushar ◽  
Tapan Kumar Saha ◽  
Chau Yuen ◽  
Paul Liddell ◽  
Richard Bean ◽  
...  
Keyword(s):  
User Participation ◽  
Peer To Peer ◽  
Theoretic Approach ◽  
Energy Trading ◽  
Game Theoretic ◽  
Game Theoretic Approach
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