Blockchain Based Peer-To-Peer Energy Trading Between Wind Power Producer and Prosumers in Short-Term Market

Autor: Pengbo Du, Ziming Liu, Bonan Huang, Guoxiu Jing, Lihong Feng, Chao Yang
Jazyk: angličtina
Rok vydání: 2022
Předmět:
Zdroj: Frontiers in Energy Research, Vol 10 (2022)
Druh dokumentu: article
ISSN: 2296-598X
DOI: 10.3389/fenrg.2022.923292
Popis: With the increase of wind power penetration, the deviation caused by its volatility and intermittency poses a growing threat to the grid. Energy trading in short-term markets for wind power and backup storage helps compensate for the deviations. Furthermore, the introduction of peer-to-peer (P2P) energy trading can effectively reduce the risk of centralized market management. However, the higher cost of energy storage are not conducive to wind power producers (WPPs). And P2P trading also suffers from trust and efficiency problems. This paper provides a blockchain based short-term energy trading market, which resolves generation deviations through efficient and trusted real-time transactions between WPP and prosumers. The blockchain-based energy trading market is a trustless P2P structure, and the trading is triggered by smart contracts to ensure efficiency. Furthermore, a reputation mechanism is designed to incentivize WPP’s generation forecasts to be accurate and prosumers to participate in the market. A bilevel optimization method is designed to increase the revenue of WPP and reduce the costs of prosumers. The market can effectively balance the deviation of wind power generation, increase the revenue of WPP by 9.55%, and reduce the costs for consumers by 5.6%.
Databáze: Directory of Open Access Journals