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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 | AuctionBlockchainCommunity tradingJoint price adjustmentLEMPrice 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
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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). |
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