Research on Real-Time Trading Mechanism of Photovoltaic Microgrid Based on the Consortium Blockchain

With the popularity of solar Photovoltaic (PV) power generation, the real-time interaction between distributed microgrids and large grids has become a new hotspot of concern. In distributed PV power trading, we aim to achieve a dynamic balance between PV users and the grid. This involves real-time p...

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Main Authors: Liangjiang Wei, Wei Jian, Baochuan Fu, Baoping Jiang
Format: Article
Language:English
Published: MDPI AG 2023-11-01
Series:Energies
Subjects:
Online Access:https://www.mdpi.com/1996-1073/16/23/7691
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author Liangjiang Wei
Wei Jian
Baochuan Fu
Baoping Jiang
author_facet Liangjiang Wei
Wei Jian
Baochuan Fu
Baoping Jiang
author_sort Liangjiang Wei
collection DOAJ
description With the popularity of solar Photovoltaic (PV) power generation, the real-time interaction between distributed microgrids and large grids has become a new hotspot of concern. In distributed PV power trading, we aim to achieve a dynamic balance between PV users and the grid. This involves real-time power prediction for users, secure blockchain-based recording and protection of trading data, and efficient matching of microgrid and large-grid trading information, including pricing details. System simulations and experimental data analysis have demonstrated the benefits of this transaction model, including enhanced real-time interaction between microgrid and grid. For the buyer, the cost of purchasing electricity can be reduced by about 6%, and for the seller, the income from selling electricity is 1.5 times that of direct Internet access, which has positive significance in improving the income from selling electricity and reducing the cost of electricity for users.
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spelling doaj.art-bad74f89b8a94cf4818eaa281e3c98342023-12-08T15:14:23ZengMDPI AGEnergies1996-10732023-11-011623769110.3390/en16237691Research on Real-Time Trading Mechanism of Photovoltaic Microgrid Based on the Consortium BlockchainLiangjiang Wei0Wei Jian1Baochuan Fu2Baoping Jiang3School of Electronic and Information Engineering, Suzhou University of Science and Technology, Suzhou 215009, ChinaSchool of Electronic and Information Engineering, Suzhou University of Science and Technology, Suzhou 215009, ChinaSchool of Electronic and Information Engineering, Suzhou University of Science and Technology, Suzhou 215009, ChinaSchool of Electronic and Information Engineering, Suzhou University of Science and Technology, Suzhou 215009, ChinaWith the popularity of solar Photovoltaic (PV) power generation, the real-time interaction between distributed microgrids and large grids has become a new hotspot of concern. In distributed PV power trading, we aim to achieve a dynamic balance between PV users and the grid. This involves real-time power prediction for users, secure blockchain-based recording and protection of trading data, and efficient matching of microgrid and large-grid trading information, including pricing details. System simulations and experimental data analysis have demonstrated the benefits of this transaction model, including enhanced real-time interaction between microgrid and grid. For the buyer, the cost of purchasing electricity can be reduced by about 6%, and for the seller, the income from selling electricity is 1.5 times that of direct Internet access, which has positive significance in improving the income from selling electricity and reducing the cost of electricity for users.https://www.mdpi.com/1996-1073/16/23/7691photovoltaic power generationdistributed microgridpower tradingconsortium blockchain
spellingShingle Liangjiang Wei
Wei Jian
Baochuan Fu
Baoping Jiang
Research on Real-Time Trading Mechanism of Photovoltaic Microgrid Based on the Consortium Blockchain
Energies
photovoltaic power generation
distributed microgrid
power trading
consortium blockchain
title Research on Real-Time Trading Mechanism of Photovoltaic Microgrid Based on the Consortium Blockchain
title_full Research on Real-Time Trading Mechanism of Photovoltaic Microgrid Based on the Consortium Blockchain
title_fullStr Research on Real-Time Trading Mechanism of Photovoltaic Microgrid Based on the Consortium Blockchain
title_full_unstemmed Research on Real-Time Trading Mechanism of Photovoltaic Microgrid Based on the Consortium Blockchain
title_short Research on Real-Time Trading Mechanism of Photovoltaic Microgrid Based on the Consortium Blockchain
title_sort research on real time trading mechanism of photovoltaic microgrid based on the consortium blockchain
topic photovoltaic power generation
distributed microgrid
power trading
consortium blockchain
url https://www.mdpi.com/1996-1073/16/23/7691
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AT weijian researchonrealtimetradingmechanismofphotovoltaicmicrogridbasedontheconsortiumblockchain
AT baochuanfu researchonrealtimetradingmechanismofphotovoltaicmicrogridbasedontheconsortiumblockchain
AT baopingjiang researchonrealtimetradingmechanismofphotovoltaicmicrogridbasedontheconsortiumblockchain