A Distributed Transaction Mechanism for Electricity Market with Electric Vehicles and Blockchain

Huang, Zhaoxiong; Chen, Dashen; Lai, Chun Sing; Zhao, Zhuoli; Lai, Loi Lei; Wang, Minghao

doi:10.1109/pesa50370.2020.9344037

Cited by 3 publications

(1 citation statement)

References 13 publications

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“…Reference [14] designed the overall architecture system based on blockchain and built a green power trading system. Reference [15] proposed a green certificate issuance and transaction mechanism based on the PBFT consensus algorithm. Reference [16] proposed a green certificate transaction matching model and architecture based on the blockchain.…”

Section: Introductionmentioning

confidence: 99%

Key technologies research and application of green power traceability based on blockchain

Wen,

Li,

Duan

et al. 2023

J. Phys.: Conf. Ser.

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Green power traceability is a crucial link to ensure the green power transactions’ authenticity, effectiveness and credibility. It’s an essential means to promote the large-scale development of green power. However, there are many links in the whole chain of green power. The data involves multiple departments and institutions. So it is not easy to trace the authenticity. This paper first introduces the entire chain of green power traceability and critical information. Secondly, it proposes the green power traceability scheme and key technologies. Then, it designs the system and functional architecture of green power traceability based on blockchain. Finally, it analyses the application effect of the system in green power trading and the Winter Olympics. This research provides the technical reference for the authenticity and traceability of green power. It helps the green-low-carbon transformation of energy consumption structure.

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Section: Introductionmentioning

confidence: 99%

Key technologies research and application of green power traceability based on blockchain

Wen,

Li,

Duan

et al. 2023

J. Phys.: Conf. Ser.

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Blockchain-enabled electric vehicle charging

Jajini

Kamaraj²,

Santhiya³

et al. 2023

Blockchain-Based Systems for the Modern Energy Grid

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A Novel Power Market Mechanism Based on Blockchain for Electric Vehicle Charging Stations

Huang

Lai

et al. 2021

Electronics

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This work presents a novel blockchain-based energy trading mechanism for electric vehicles consisting of day-ahead and real-time markets. In the day-ahead market, electric vehicle users submit their bidding price to participate in the double auction mechanism. Subsequently, the smart match mechanism will be conducted by the charging system operator, to meet both personal interests and social benefits. After clearing the trading result, the charging system operator uploads the trading contract made in the day-ahead market to the blockchain. In the real-time market, the charging system operator checks the trading status and submits the updated trading results to the blockchain. This mechanism encourages participants in the double auction to pursue higher interests, in addition to rationally utilize the energy unmatched in the auction and to achieve the improvement of social welfare. Case studies are used to demonstrate the effectiveness of the proposed model. For buyers and sellers who successfully participate in the day-ahead market, the total profit increase for buyer and seller are 22.79% and 53.54%, respectively, as compared to without energy trading. With consideration of social welfare in the smart match mechanism, the peak load reduces from 182 to 146.5 kW, which is a 19.5% improvement.

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A Distributed Transaction Mechanism for Electricity Market with Electric Vehicles and Blockchain

Abstract: This article has been accepted for publication in a future issue of this conference proceedings, but has not been fully edited. Content may change prior to final publication.

Cited by 3 publications

References 13 publications

Key technologies research and application of green power traceability based on blockchain

Key technologies research and application of green power traceability based on blockchain

Blockchain-enabled electric vehicle charging

A Novel Power Market Mechanism Based on Blockchain for Electric Vehicle Charging Stations

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