Two-stage blockchain-based transaction mechanism of demand response quota
The current price guided demand response mechanism is difficult to accurately achieve the expected load reduction goal for the grid company, while the direct control demand response mechanism cannot meet the requirements of users for autonomous power consumption. Therefore, it is necessary to formul...
| Main Authors: | , , , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2022-11-01
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| Series: | Energy Reports |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2352484722020285 |
| _version_ | 1797952182671114240 |
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| author | Tianhan Zhang Ziqiang Zhou Ying Yao Ting Lv Zhi Zhang Pengfei Lu Yunchu Wang Zhenzhi Lin |
| author_facet | Tianhan Zhang Ziqiang Zhou Ying Yao Ting Lv Zhi Zhang Pengfei Lu Yunchu Wang Zhenzhi Lin |
| author_sort | Tianhan Zhang |
| collection | DOAJ |
| description | The current price guided demand response mechanism is difficult to accurately achieve the expected load reduction goal for the grid company, while the direct control demand response mechanism cannot meet the requirements of users for autonomous power consumption. Therefore, it is necessary to formulate an incentive compatible demand response mechanism to take the needs of demand-side users and the grid company into account. Based on the current bidding demand response program, a two-stage transaction mechanism of demand response quota based on blockchain is proposed in this work. Firstly, a two-stage transaction mechanism for demand response quota considering day-ahead bidding transaction and intra-day double auction transaction is designed. Then, the smart contract is introduced to realize the proposed blockchain-based two-stage transaction mechanism of demand response quota, and all the smart contract functions involved in each business link are customized. Finally, the effectiveness of the proposed transaction mechanism of demand response quota is illustrated by the simulation results on the platform of Remix IDE. |
| first_indexed | 2024-04-10T22:42:57Z |
| format | Article |
| id | doaj.art-f986c6dd408e4a028d95acabbc9218f2 |
| institution | Directory Open Access Journal |
| issn | 2352-4847 |
| language | English |
| last_indexed | 2024-04-10T22:42:57Z |
| publishDate | 2022-11-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Energy Reports |
| spelling | doaj.art-f986c6dd408e4a028d95acabbc9218f22023-01-16T04:08:19ZengElsevierEnergy Reports2352-48472022-11-018532540Two-stage blockchain-based transaction mechanism of demand response quotaTianhan Zhang0Ziqiang Zhou1Ying Yao2Ting Lv3Zhi Zhang4Pengfei Lu5Yunchu Wang6Zhenzhi Lin7School of Electrical Engineering, Zhejiang University, Hangzhou 310027, ChinaSchool of Electrical Engineering, Zhejiang University, Hangzhou 310027, China; Zhejiang Huayun Clean Energy Co., Ltd, Hangzhou 310008, ChinaState Grid Zhejiang Electric Power Research Institute, Hangzhou, 310014, ChinaSchool of Electrical Engineering, Zhejiang University, Hangzhou 310027, ChinaSchool of Electrical Engineering, Zhejiang University, Hangzhou 310027, ChinaState Grid Zhejiang Electric Power Co., Ltd, Hangzhou 310007, ChinaSchool of Electrical Engineering, Zhejiang University, Hangzhou 310027, ChinaSchool of Electrical Engineering, Zhejiang University, Hangzhou 310027, China; Corresponding author.The current price guided demand response mechanism is difficult to accurately achieve the expected load reduction goal for the grid company, while the direct control demand response mechanism cannot meet the requirements of users for autonomous power consumption. Therefore, it is necessary to formulate an incentive compatible demand response mechanism to take the needs of demand-side users and the grid company into account. Based on the current bidding demand response program, a two-stage transaction mechanism of demand response quota based on blockchain is proposed in this work. Firstly, a two-stage transaction mechanism for demand response quota considering day-ahead bidding transaction and intra-day double auction transaction is designed. Then, the smart contract is introduced to realize the proposed blockchain-based two-stage transaction mechanism of demand response quota, and all the smart contract functions involved in each business link are customized. Finally, the effectiveness of the proposed transaction mechanism of demand response quota is illustrated by the simulation results on the platform of Remix IDE.http://www.sciencedirect.com/science/article/pii/S2352484722020285BlockchainDemand responseDemand response quotaDouble auction transactionSmart contract |
| spellingShingle | Tianhan Zhang Ziqiang Zhou Ying Yao Ting Lv Zhi Zhang Pengfei Lu Yunchu Wang Zhenzhi Lin Two-stage blockchain-based transaction mechanism of demand response quota Energy Reports Blockchain Demand response Demand response quota Double auction transaction Smart contract |
| title | Two-stage blockchain-based transaction mechanism of demand response quota |
| title_full | Two-stage blockchain-based transaction mechanism of demand response quota |
| title_fullStr | Two-stage blockchain-based transaction mechanism of demand response quota |
| title_full_unstemmed | Two-stage blockchain-based transaction mechanism of demand response quota |
| title_short | Two-stage blockchain-based transaction mechanism of demand response quota |
| title_sort | two stage blockchain based transaction mechanism of demand response quota |
| topic | Blockchain Demand response Demand response quota Double auction transaction Smart contract |
| url | http://www.sciencedirect.com/science/article/pii/S2352484722020285 |
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