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A blockchain based peer-to-peer trading framework integrating energy and carbon markets.

Hua, Weiqi and Jiang, Jing and Sun, Hongjian and Wu, Jianzhong (2020) 'A blockchain based peer-to-peer trading framework integrating energy and carbon markets.', Applied energy., 279 . p. 115539.

Abstract

Prosumers are active participants in future energy systems who produce and consume energy. However, the emerging role of prosumers brings challenges of tracing carbon emissions behaviours and formulating pricing scheme targeting on individual prosumption behaviours. This paper proposes a novel blockchain-based peer-to-peer trading framework to trade energy and carbon allowance. The bidding/selling prices of prosumers can directly incentivise the reshaping of prosumption behaviours to achieve regional energy balance and carbon emissions mitigation. A decentralised low carbon incentive mechanism is formulated targeting on specific prosumption behaviours. Case studies using the modified IEEE 37-bus test feeder show that the proposed trading framework can export 0.99 kWh of daily energy and save 1465.90 g daily carbon emissions, outperforming the existing centralised trading and aggregator-based trading.

Item Type:Article
Full text:Publisher-imposed embargo until 18 September 2021.
(AM) Accepted Manuscript
Available under License - Creative Commons Attribution Non-commercial No Derivatives.
File format - PDF
(1106Kb)
Status:Peer-reviewed
Publisher Web site:https://doi.org/10.1016/j.apenergy.2020.115539
Publisher statement:© 2020 This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/
Date accepted:18 August 2020
Date deposited:04 September 2020
Date of first online publication:04 September 2020
Date first made open access:18 September 2021

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