Research on key technologies of P2P transaction in virtual power plant based on blockchain. Issue 4 (14th April 2022)

• Record Type: Journal Article
• Authors: Li, Bin; Yang, Fan; Qi, Bing; Bai, XueFeng; Sun, Yi; Chen, Songsong
• Other Names: Hua Weiqi guestEditor.; Luo Fengji guestEditor.; Du Liang guestEditor.; Chen Sijie guestEditor.; Kim Taesic guestEditor.; Morstyn Thomas guestEditor.; Robu Valentin guestEditor.; Zhou Yue guestEditor.
• Is Part Of: IET smart grid. Volume 5:Issue 4(2022)
• Page Start: 223
• Page End: 233
• Publication Date: 2022-04-14
• Subjects: blockchain -- consensus mechanism -- inter‐blockchain technology -- P2P transaction -- smart contract -- virtual power plant; Smart power grids -- Periodicals; Computer science -- Periodicals; Energy industries -- Periodicals; Broadcasting -- Periodicals; 333.79110285
• DOI: 10.1049/stg2.12064
• Languages: English
• ISSNs: 2515-2947

Abstract

Abstract: It is a critical part of increasing renewable energy accommodation by using virtual power plant (VPP) to attain carbon neutrality. However, VPP applications primarily consider VPP's participation in power market transactions as a whole and rarely consider the transaction interaction between internal resources. VPP's internal resources complement each other organically, and blockchain technology for distributed transactions has incorporated points. In this article, the authors undertake a study and examine the P2P scenario of VPP internal transactions in light of the issues experienced by DERs transactions. Next, the authors analyse the consensus mechanism, smart contract, inter‐blockchain technology, and game theory, and how to apply them in the P2P scenarios of VPP internal transactions. Further, the authors design the function of the DER transaction system, which lays the foundation for the realisation of the system in the future. Finally, the authors conclude that the potential of blockchain technology in P2P transactions between internal entities of the VPP is significant and warrants further investigation.