CE-SDT: A new blockchain-based distributed community energy trading mechanism
With the spread of distributed renewable energy, residents are shifting from being mere consumers to being energy producers and consumers. This role shift poses challenges to the electricity trading mechanism that connects distributed renewable energy sources to the grid. In this paper, a new effici...
| Main Authors: | , , , , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Frontiers Media S.A.
2023-01-01
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| Series: | Frontiers in Energy Research |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fenrg.2022.1091350/full |
| _version_ | 1797953719612997632 |
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| author | Bozhi Wang Bozhi Wang Bozhi Wang Jinfei Xu Jinfei Xu Jin Ke C. L. Philip Chen C. L. Philip Chen Junyu Wang Junyu Wang Nanxin Wang Xi Li Fangfei Zhang Lulu Li Lulu Li |
| author_facet | Bozhi Wang Bozhi Wang Bozhi Wang Jinfei Xu Jinfei Xu Jin Ke C. L. Philip Chen C. L. Philip Chen Junyu Wang Junyu Wang Nanxin Wang Xi Li Fangfei Zhang Lulu Li Lulu Li |
| author_sort | Bozhi Wang |
| collection | DOAJ |
| description | With the spread of distributed renewable energy, residents are shifting from being mere consumers to being energy producers and consumers. This role shift poses challenges to the electricity trading mechanism that connects distributed renewable energy sources to the grid. In this paper, a new efficient and secure blockchain-based distributed community energy trading mechanism is proposed, called CE-SDT. Our system is proved to be stable and scalable. It can also help shift loads and power peaks and reduce customer costs by 60%. As a result, our proposed blockchain-based trading mechanism, as compared to the centralized trading mechanism, is applied to microgrids formed by distributed renewable energy sources, not only obtaining greater economic benefits but also reducing the carbon footprint of residents, and furthermore, it promotes low or zero-carbon configurations of the power system, thereby achieving certain environmental benefits. |
| first_indexed | 2024-04-10T23:07:42Z |
| format | Article |
| id | doaj.art-40c6bc9c7abf479a9f182300c66a1191 |
| institution | Directory Open Access Journal |
| issn | 2296-598X |
| language | English |
| last_indexed | 2024-04-10T23:07:42Z |
| publishDate | 2023-01-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Energy Research |
| spelling | doaj.art-40c6bc9c7abf479a9f182300c66a11912023-01-13T10:19:52ZengFrontiers Media S.A.Frontiers in Energy Research2296-598X2023-01-011010.3389/fenrg.2022.10913501091350CE-SDT: A new blockchain-based distributed community energy trading mechanismBozhi Wang0Bozhi Wang1Bozhi Wang2Jinfei Xu3Jinfei Xu4Jin Ke5C. L. Philip Chen6C. L. Philip Chen7Junyu Wang8Junyu Wang9Nanxin Wang10Xi Li11Fangfei Zhang12Lulu Li13Lulu Li14Zhuhai Fudan Innovation Institute, Zhuhai, ChinaState Key Laboratory of ASIC and System, Fudan University, Shanghai, ChinaSchool of Computer Science and Engineering, University of New South Wales, Sydney, NSW, AustraliaZhuhai Fudan Innovation Institute, Zhuhai, ChinaState Key Laboratory of ASIC and System, Fudan University, Shanghai, ChinaSchool of Economics and Management, South China Normal University, Guangzhou, ChinaZhuhai Fudan Innovation Institute, Zhuhai, ChinaSchool of Computer Science and Engineering, South China University of Technology, Guangzhou, Guangdong, ChinaZhuhai Fudan Innovation Institute, Zhuhai, ChinaState Key Laboratory of ASIC and System, Fudan University, Shanghai, ChinaSchool of Computer Science, Fudan University, Shanghai, ChinaSchool of Computer Science, Fudan University, Shanghai, ChinaSchool of Electrical Engineering and Telecommunications, University of New South Wales, Sydney, NSW, AustraliaZhuhai Fudan Innovation Institute, Zhuhai, ChinaSchool of Computer Science, Fudan University, Shanghai, ChinaWith the spread of distributed renewable energy, residents are shifting from being mere consumers to being energy producers and consumers. This role shift poses challenges to the electricity trading mechanism that connects distributed renewable energy sources to the grid. In this paper, a new efficient and secure blockchain-based distributed community energy trading mechanism is proposed, called CE-SDT. Our system is proved to be stable and scalable. It can also help shift loads and power peaks and reduce customer costs by 60%. As a result, our proposed blockchain-based trading mechanism, as compared to the centralized trading mechanism, is applied to microgrids formed by distributed renewable energy sources, not only obtaining greater economic benefits but also reducing the carbon footprint of residents, and furthermore, it promotes low or zero-carbon configurations of the power system, thereby achieving certain environmental benefits.https://www.frontiersin.org/articles/10.3389/fenrg.2022.1091350/fullenergy tradingblockchain-basedsmart contractmicrogridssolar powerzero-carbon communities |
| spellingShingle | Bozhi Wang Bozhi Wang Bozhi Wang Jinfei Xu Jinfei Xu Jin Ke C. L. Philip Chen C. L. Philip Chen Junyu Wang Junyu Wang Nanxin Wang Xi Li Fangfei Zhang Lulu Li Lulu Li CE-SDT: A new blockchain-based distributed community energy trading mechanism Frontiers in Energy Research energy trading blockchain-based smart contract microgrids solar power zero-carbon communities |
| title | CE-SDT: A new blockchain-based distributed community energy trading mechanism |
| title_full | CE-SDT: A new blockchain-based distributed community energy trading mechanism |
| title_fullStr | CE-SDT: A new blockchain-based distributed community energy trading mechanism |
| title_full_unstemmed | CE-SDT: A new blockchain-based distributed community energy trading mechanism |
| title_short | CE-SDT: A new blockchain-based distributed community energy trading mechanism |
| title_sort | ce sdt a new blockchain based distributed community energy trading mechanism |
| topic | energy trading blockchain-based smart contract microgrids solar power zero-carbon communities |
| url | https://www.frontiersin.org/articles/10.3389/fenrg.2022.1091350/full |
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