scholarly journals Distributed Power Trading System Based on Blockchain Technology

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-12
Author(s):  
Shuguo Chen ◽  
Weibin Ding ◽  
Zhongzheng Xiang ◽  
Yuanyuan Liu
Keyword(s):  
Power Supply ◽  
Electricity Market ◽  
Price Competition ◽  
Supply And Demand ◽  
Supply Side ◽  
Business Systems ◽  
Trading System ◽  
Adaboost Algorithm ◽  
Blockchain Technology ◽  
Power Trading

The power trading system has the characteristics of nonlinearity, dynamics, and complexity. Part of the business data in the trading system needs to be exposed to numerous external business systems. The traditional centralized power trading model has some problems, such as low data security and trust crisis of regulators. Blockchain technology provides prominent ideas for solving these problems. Firstly, the improved AdaBoost algorithm is used to predict the supply and demand gap of power trading nodes. Secondly, based on the fact that the information on the blockchain is only open to the power supply side, a two-stage game model of asymmetric information between the power supply side and the power user is constructed to capture the price competition behavior between them in order to find the Nash equilibrium price in two stages. Finally, the US PJM market electricity market data are used to carry out an example analysis to verify the effectiveness of the algorithm and model.

Electricity Price of Hybrid Power System and Decision Making of Renewable Energy Investment Capacity

2018 ◽  
Vol 6 (3) ◽  
pp. 193-213 ◽  
Author(s):  
Jiaping Xie ◽  
Weisi Zhang ◽  
Yu Xia ◽  
Ling Liang ◽  
Lingcheng Kong
Keyword(s):  
Renewable Energy ◽  
Power System ◽  
Power Supply ◽  
Electricity Market ◽  
Sensitivity Coefficient ◽  
Electricity Price ◽  
Supply Side ◽  
Hybrid Power System ◽  
Hybrid Power ◽  
Installed Capacity

Abstract In the existing electricity market, the traditional power suppliers and renewable energy generators coexist in the power supply side. In the power supply side, renewable energy generators generate power by wind and other natural conditions, leading renewable energy output a certain randomness. However, the low marginal generating cost and the reduction of carbon emissions, and thus brings a certain advantage for renewable energy compared to alternative energy. Electricity, as a special commodity, stable and adequate power supply is a necessary guarantee for economic and social development. Power shortage situation is not allowed in the power system, and the extra power needs to be handled for the purpose of safety. In this paper, the hybrid power generated by renewable energy generators and traditional energy generators is used as power supply, and then the electricity market sells hybrid power to electricity consumers, the hybrid power system determines the optimal daytime price, nighttime price, and the optimal installed capacity of the renewable energy suppliers. We find that the installed capacity of renewable energy increases first and then decreases with the increase of the price sensitivity coefficient of traditional energy supply. Electricity demand is negatively related to electricity price in the current period, and is positively related to price in the other period. The average price of day and night is only related to the total potential demand of day and night and the total generation probability of renewable energy. The price difference between daytime and nighttime is positively related to potential electricity demand, and negatively related to the sensitivity coefficient of electricity price.

scholarly journals Implementation of blockchain-based energy trading system

2017 ◽  
Vol 11 (3) ◽  
pp. 322-334 ◽  
Author(s):  
Se-Chang Oh ◽  
Min-Soo Kim ◽  
Yoon Park ◽  
Gyu-Tak Roh ◽  
Chin-Woo Lee
Keyword(s):  
Design Methodology ◽  
Experimental Results ◽  
Trading System ◽  
Energy Trading ◽  
Content Type ◽  
Trading Systems ◽  
Blockchain Technology ◽  
Power Trading ◽  
Node Connectivity ◽  
Exchange Transactions

Purpose The centralized processes of today’s power trading systems are complex and pose a risk of price tampering and hacking. The decentralized and unmodifiable nature of the blockchain technology that has recently been highlighted offers the potential to improve this power trading process. The purpose of this study is to implement a system to apply the blockchain technology to the problem of power trading. Design/methodology/approach The authors modeled the power trading problem as the interaction between admin, producer and consumer nodes. And a power trading scenario has been created for this model using a blockchain platform called Multichain which is both fast and highly scalable. To verify this scenario, they implemented a trading system using Savoir, a Python-based JsonRPC module. Findings Experimental results show that all processes, such as blockchain creation, node connectivity, asset issuance and exchange transactions have been correctly handled according to the scenario. Originality/value In this study, the authors have proposed and implemented a power trading method that determines price according to the pure market principle and cannot be manipulated or hacked. It is based on the nature of blockchain technology that is decentralized and cannot be tampered.

scholarly journals An Integration Mechanism between Demand and Supply Side Management of Electricity Markets

Energies ◽  
2018 ◽  
Vol 11 (12) ◽  
pp. 3314 ◽  
Author(s):  
Zixu Liu ◽  
Xiaojun Zeng ◽  
Fanlin Meng
Keyword(s):  
Electricity Market ◽  
Dynamic Pricing ◽  
Supply And Demand ◽  
Coordination Mechanism ◽  
Supply Side ◽  
Market Demand ◽  
Demand Side ◽  
Market Clearing ◽  
Demand And Supply ◽  
Market Clearing Price

One of the main challenges in the emerging smart grid is to jointly consider the demand and supply, which is also reflected in the wholesale market (supply side) and the retail market (demand side). When integrating the demand and supply side into one framework, the mechanism for determining the market clearing price has been changed. This is due to the demand variations in the demand side in response to the market clearing price and the change of generation costs in the supply side from the demand variation. In order to find the best balance between the supply and demand under the demand response management scheme, this paper proposes a new integrated supply and demand coordination mechanism for the electricity market and smart pricing methods for generator and retailers. Another important contribution of this paper is to develop an efficient algorithm to find the match equilibrium between the demand and supply sides in the new proposed mechanism. Experimental results demonstrate that the new mechanism can effectively handle unpredictable demand under dynamic retail pricing and support the ISO to dispatch the generation economically. It can also help in achieving the goals of dynamic pricing such as maximizing the profits for retailers.

scholarly journals Research on Dispatching Management of High Proportion New Energy Grid in the Electricity Market Environment

2021 ◽  
Vol 13 ◽  
pp. 6-12
Author(s):  
Bolin Zhang ◽  
Chong Shao ◽  
Chunxiang Yang ◽  
Xiaobin Zhang ◽  
Tianyu Zhang ◽  
...  
Keyword(s):  
Power Supply ◽  
Electricity Market ◽  
Business Processes ◽  
Optimal Allocation ◽  
Supply And Demand ◽  
Power Market ◽  
Spot Market ◽  
Gansu Province ◽  
Smooth Transition ◽  
New Energy

The electricity spot market can reflect the power supply and demand situation in real time through price signals, guiding users to shift peaks and fill valleys, and enhancing the level of new energy consumption. Gansu Province, one of the first pilot spot market provinces in China, has designed a bilateral spot market for generations and users. The power supply mode and grid operation mode will undergo changes according to the operation results of the power market to achieve the optimal allocation of power resources, thus posing a huge challenge to the original grid dispatching mode. The article analyses the dispatch management articulation model based on the high penetration of new energy grids in the power market reform, adapts the work focus after changes in the power market business, and explores efficient dispatching business processes for the power spot market to ensure a smooth transition of dispatching work and effective integration of the market business.

A Design of a Network Model to the Electric Power Trading System Using Web Services

2004 ◽  
Vol 124 (1) ◽  
pp. 176-181
Author(s):  
Tomoaki Maruo ◽  
Keinosuke Matsumoto ◽  
Naoki Mori ◽  
Masashi Kitayama ◽  
Yoshio Izumi
Keyword(s):  
Web Services ◽  
Electric Power ◽  
Network Model ◽  
Trading System ◽  
Power Trading
Sign in / Sign up

Export Citation Format

Share Document