Shichang Cui, Shuang Xu, Fei Hu, et al. A Consortium Blockchain-Enabled Double Auction Mechanism for Peer-to-Peer Energy Trading among Prosumers[J]. Protection and Control of Modern Power Systems, 2024, 9(3): 82-97.
DOI:
Shichang Cui, Shuang Xu, Fei Hu, et al. A Consortium Blockchain-Enabled Double Auction Mechanism for Peer-to-Peer Energy Trading among Prosumers[J]. Protection and Control of Modern Power Systems, 2024, 9(3): 82-97.DOI: 10.23919/PCMP.2023.000038.
A Consortium Blockchain-Enabled Double Auction Mechanism for Peer-to-Peer Energy Trading among Prosumers
This paper investigates a double auction-based peer-to-peer (P2P) energy trading market for a community of renewable prosumers with private information on reservation price and quantity of energy to be traded. A novel competition padding auction (CPA) mechanism for P2P energy trading is proposed to address the budget deficit problem while holding the advantages of the widely-used Vickrey-Clarke-Groves mechanism. To illustrate the theoretical properties of the CPA mechanism
the sufficient conditions are identified for a truth-telling equilibrium with a budget surplus to exist
while further proving its asymptotical economic efficiency. In addition
the CPA mechanism is implemented through consortium blockchain smart contracts to create safer
faster
and larger P2P energy trading markets. The proposed mechanism is embedded into blockchain consensus protocols for high consensus efficiency
and the budget surplus of the CPA mechanism motivates the prosumers to manage the blockchain. Case studies are carried out to show the effectiveness of the proposed method.
Review of protection and fault handling fora flexible DC grid
Information-Energy Collaborative Optimization for Cyber-Physical Energy System Economic Dispatch
Integrated Energy-Water Nexus Optimization in Rural Microgrids: Leveraging Quantum-classical Robust Optimization for Sustainability
Scheme Design and Application of Flux-Coupling-Type SFCLs in a Renewable Power System with Paralleled SG-VSGs
Optimal Planning of Renewable Energy and Storage Considering Capacity Credit Constraint
Related Author
Jinghan He
Keao Chen
Meng Li
Yiping Luo
Chenguang Liang
Yin Xu
Ziming Liu
Bonan Huang
Related Institution
Beijing Jiaotong University
State Key Laboratory of Synthetical Automation for Process Industries, Northeastern University
Information and Communication Branch, State Grid Liaoning Electric Power Supply Co. Ltd.
College of Information Science and Engineering, Northeastern University
College of Information Science and Engineering, and also with the State Key Laboratory of Synthetical Automation for Process Industries, Northeastern University