Blockchain-based smart microgrid power transaction model. Issue 11 (2022)

• Record Type: Journal Article
• Authors: Jian, Wei; Fu, Baochuan; Wu, Zhengtian; Jiang, Baoping; Liu, Zhengguang; Chen, Xingyan
• Is Part Of: IFAC-PapersOnLine. Volume 55:Issue 11(2022)
• Page Start: 126
• Page End: 131
• Publication Date: 2022
• Subjects: blockchain -- electricity transaction -- private chain -- smart contract -- two-way auction; Automatic control -- Periodicals; 629.805
• DOI: 10.1016/j.ifacol.2022.08.060
• Languages: English
• ISSNs: 2405-8963

Abstract

Abstract: As a decentralized database technology, blockchain is increasingly being applied to smart grids. This paper proposes a blockchain-based smart microgrid power transaction model. The model realizes the power dispatching between users and agents in the microgrid through two-way auctions and point-to-point transactions and optimizes energy allocation through market regulation. And based on the Ethereum private chain, it ensures the openness, transparency, safety, and reliability of transactions. The simulation results show that the open and reliable features of the blockchain improve the efficiency of power dispatching, and verify the feasibility and effectiveness of the model.