气候变化领域集成服务门户(CCPortal): Devising a trading mechanism with a joint price adjustment for local electricity markets using blockchain. Insights for policy makers

CCPortal

DOI	10.1016/j.enpol.2021.112237
	Devising a trading mechanism with a joint price adjustment for local electricity markets using blockchain. Insights for policy makers
	Oprea S.-V.; Bâra A.
发表日期	2021
ISSN	03014215
卷号	152
英文摘要	The new potential of Distributed Energy Resources (DER), residential consumers, buildings, and prosumers in terms of controllable devices, self-generation, and storage makes them more active in the market encouraged by lower electricity prices. In addition, integrating a higher volume of volatile Renewable Energy Sources (RES) that unstress the public grid by local trading interactions is a desirable target of Local Electricity Markets (LEM). In this paper, we propose a blockchain trading mechanism to simulate the electricity transactions for 11 modern smart houses with more than 300 appliances, 8 roof- or faced-PV systems, and smart-metered 15-min readings that form a small-size community. The electricity generated at the community level lowers the electricity bills and brings benefits for prosumers (sellers) and consumers (buyers). Several trading mechanisms for LEM transactions including auctions such as Uniform Price (UP), Pay-As-Bid (PAB), Generalized Second-Price (GSP), Vickrey-Clark-Groves (VCG) methods are implemented to evaluate the benefits and show their efficiency. After the market is initially cleared, an adjustment coefficient of the price is proposed for both sides (seller and buyer) to enlarge the trading potential at the community level using blockchain technology. It proves to bring excellent results to the LEM participants and enhance trading with outstanding benefits. © 2021 Elsevier Ltd
关键词	Auction Blockchain Community trading Joint price adjustment LEM Price mechanism
英文关键词	Power markets; Renewable energy resources; Block-chain; Community trading; Distributed Energy Resources; Joint price adjustment; Local electricity market; Policy makers; Price adjustment; Price mechanism; Residential consumers; Trading mechanism; Blockchain; demand-side management; electricity generation; energy market; energy planning; energy policy; photovoltaic system; price dynamics
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/205282
作者单位	Department of Economic Informatics and Cybernetics, The Bucharest University of Economic Studies, Piaţa Romană Square, Bucharest, 010374, Romania
推荐引用方式 GB/T 7714	Oprea S.-V.,Bâra A.. Devising a trading mechanism with a joint price adjustment for local electricity markets using blockchain. Insights for policy makers[J],2021,152.
APA	Oprea S.-V.,&Bâra A..(2021).Devising a trading mechanism with a joint price adjustment for local electricity markets using blockchain. Insights for policy makers.Energy Policy,152.
MLA	Oprea S.-V.,et al."Devising a trading mechanism with a joint price adjustment for local electricity markets using blockchain. Insights for policy makers".Energy Policy 152(2021).