IDEAS home Printed from https://ideas.repec.org/a/eee/appene/v307y2022ics0306261921014392.html
   My bibliography  Save this article

A hierarchical blockchain architecture based V2G market trading system

Author

Listed:
  • Luo, Qingsong
  • Zhou, Yimin
  • Hou, Weicheng
  • Peng, Lei

Abstract

Along with the increasing prosperity of electric vehicles (EVs), the large-scale penetration of EVs in V2G (Vehicle to Grid) trading market brings difficulties and security issues in the operation of the energy market. The blockchain has the characteristics of security, transparency, decentralization and traceability, which provides an alternative for complex energy market operation in a secure environment. In this paper, a novel hierarchical blockchain architecture is constructed for the V2G trading system including Data Blockchain layer, Operation Blockchain layer and Transaction Blockchain layer. The intelligent contracts of the V2G trading, two-level auction and optimization strategies are designed for scheduling EVs orderly charge and discharge to participate in the grid load regulation so as to minimize the total load variance of the grid and realize reasonable benefit distribution among the involved market entities, i.e., EVs, aggregators and grid. Based on the V2G trading characteristics, a transaction manager with four optimization strategies are designed to further optimize the transaction generation process. The CA (cellular automata) based simulation experiments are performed to verify the effectiveness of the proposed V2G trading system.

Suggested Citation

  • Luo, Qingsong & Zhou, Yimin & Hou, Weicheng & Peng, Lei, 2022. "A hierarchical blockchain architecture based V2G market trading system," Applied Energy, Elsevier, vol. 307(C).
    • Handle: RePEc:eee:appene:v:307:y:2022:i:c:s0306261921014392
    DOI: 10.1016/j.apenergy.2021.118167
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0306261921014392
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.apenergy.2021.118167?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Guille, Christophe & Gross, George, 2009. "A conceptual framework for the vehicle-to-grid (V2G) implementation," Energy Policy, Elsevier, vol. 37(11), pages 4379-4390, November.
    2. Jiao, Zihao & Ran, Lun & Zhang, Yanzi & Ren, Yaping, 2021. "Robust vehicle-to-grid power dispatching operations amid sociotechnical complexities," Applied Energy, Elsevier, vol. 281(C).
    3. Lin, Haiyang & Liu, Yiling & Sun, Qie & Xiong, Rui & Li, Hailong & Wennersten, Ronald, 2018. "The impact of electric vehicle penetration and charging patterns on the management of energy hub – A multi-agent system simulation," Applied Energy, Elsevier, vol. 230(C), pages 189-206.
    4. Zhong, Jin & He, Lina & Li, Canbing & Cao, Yijia & Wang, Jianhui & Fang, Baling & Zeng, Long & Xiao, Guoxuan, 2014. "Coordinated control for large-scale EV charging facilities and energy storage devices participating in frequency regulation," Applied Energy, Elsevier, vol. 123(C), pages 253-262.
    5. Wang, Qi & Zhang, Chunyu & Ding, Yi & Xydis, George & Wang, Jianhui & Østergaard, Jacob, 2015. "Review of real-time electricity markets for integrating Distributed Energy Resources and Demand Response," Applied Energy, Elsevier, vol. 138(C), pages 695-706.
    6. Hill, Graeme & Bell, Margaret & Blythe, Phil, 2014. "Quantifying a cellular automata simulation of electric vehicles," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 416(C), pages 421-429.
    7. Jian, Linni & Zheng, Yanchong & Shao, Ziyun, 2017. "High efficient valley-filling strategy for centralized coordinated charging of large-scale electric vehicles," Applied Energy, Elsevier, vol. 186(P1), pages 46-55.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yao, Zhaosheng & Wang, Zhiyuan & Ran, Lun, 2023. "Smart charging and discharging of electric vehicles based on multi-objective robust optimization in smart cities," Applied Energy, Elsevier, vol. 343(C).
    2. Florentina Magda Enescu & Fernando Georgel Birleanu & Maria Simona Raboaca & Nicu Bizon & Phatiphat Thounthong, 2022. "A Review of the Public Transport Services Based on the Blockchain Technology," Sustainability, MDPI, vol. 14(20), pages 1-34, October.
    3. Irvylle Cavalcante & Jamilson Júnior & Jônatas Augusto Manzolli & Luiz Almeida & Mauro Pungo & Cindy Paola Guzman & Hugo Morais, 2023. "Electric Vehicles Charging Using Photovoltaic Energy Surplus: A Framework Based on Blockchain," Energies, MDPI, vol. 16(6), pages 1-23, March.
    4. Pegah Alaee & Julius Bems & Amjad Anvari-Moghaddam, 2023. "A Review of the Latest Trends in Technical and Economic Aspects of EV Charging Management," Energies, MDPI, vol. 16(9), pages 1-28, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Carreiro, Andreia M. & Jorge, Humberto M. & Antunes, Carlos Henggeler, 2017. "Energy management systems aggregators: A literature survey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 73(C), pages 1160-1172.
    2. Paterakis, Nikolaos G. & Erdinç, Ozan & Catalão, João P.S., 2017. "An overview of Demand Response: Key-elements and international experience," Renewable and Sustainable Energy Reviews, Elsevier, vol. 69(C), pages 871-891.
    3. Jian, Linni & Zheng, Yanchong & Xiao, Xinping & Chan, C.C., 2015. "Optimal scheduling for vehicle-to-grid operation with stochastic connection of plug-in electric vehicles to smart grid," Applied Energy, Elsevier, vol. 146(C), pages 150-161.
    4. Zhang, Chunyu & Wang, Qi & Wang, Jianhui & Korpås, Magnus & Pinson, Pierre & Østergaard, Jacob & Khodayar, Mohammad E., 2016. "Trading strategies for distribution company with stochastic distributed energy resources," Applied Energy, Elsevier, vol. 177(C), pages 625-635.
    5. Ma, Shao-Chao & Yi, Bo-Wen & Fan, Ying, 2022. "Research on the valley-filling pricing for EV charging considering renewable power generation," Energy Economics, Elsevier, vol. 106(C).
    6. Aslani, Mehrdad & Mashayekhi, Mehdi & Hashemi-Dezaki, Hamed & Ketabi, Abbas, 2022. "Robust optimal operation of energy hub incorporating integrated thermal and electrical demand response programs under various electric vehicle charging modes," Applied Energy, Elsevier, vol. 321(C).
    7. Jaehyun Lee & Eunjung Lee & Jinho Kim, 2020. "Electric Vehicle Charging and Discharging Algorithm Based on Reinforcement Learning with Data-Driven Approach in Dynamic Pricing Scheme," Energies, MDPI, vol. 13(8), pages 1-18, April.
    8. Holger C. Hesse & Michael Schimpe & Daniel Kucevic & Andreas Jossen, 2017. "Lithium-Ion Battery Storage for the Grid—A Review of Stationary Battery Storage System Design Tailored for Applications in Modern Power Grids," Energies, MDPI, vol. 10(12), pages 1-42, December.
    9. Zhao, Yang & Noori, Mehdi & Tatari, Omer, 2016. "Vehicle to Grid regulation services of electric delivery trucks: Economic and environmental benefit analysis," Applied Energy, Elsevier, vol. 170(C), pages 161-175.
    10. Mubbashir Ali & Jussi Ekström & Matti Lehtonen, 2018. "Sizing Hydrogen Energy Storage in Consideration of Demand Response in Highly Renewable Generation Power Systems," Energies, MDPI, vol. 11(5), pages 1-11, May.
    11. Chaouachi, Aymen & Bompard, Ettore & Fulli, Gianluca & Masera, Marcelo & De Gennaro, Michele & Paffumi, Elena, 2016. "Assessment framework for EV and PV synergies in emerging distribution systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 55(C), pages 719-728.
    12. Kley, Fabian & Lerch, Christian & Dallinger, David, 2011. "New business models for electric cars--A holistic approach," Energy Policy, Elsevier, vol. 39(6), pages 3392-3403, June.
    13. Guo, Shiliang & Li, Pengpeng & Ma, Kai & Yang, Bo & Yang, Jie, 2022. "Robust energy management for industrial microgrid considering charging and discharging pressure of electric vehicles," Applied Energy, Elsevier, vol. 325(C).
    14. Alqahtani, Mohammed & Hu, Mengqi, 2022. "Dynamic energy scheduling and routing of multiple electric vehicles using deep reinforcement learning," Energy, Elsevier, vol. 244(PA).
    15. Reza Nadimi & Masahito Takahashi & Koji Tokimatsu & Mika Goto, 2024. "The Reliability and Profitability of Virtual Power Plant with Short-Term Power Market Trading and Non-Spinning Reserve Diesel Generator," Energies, MDPI, vol. 17(9), pages 1-19, April.
    16. Jayawardena, A.V. & Meegahapola, L.G. & Robinson, D.A. & Perera, S., 2015. "Microgrid capability diagram: A tool for optimal grid-tied operation," Renewable Energy, Elsevier, vol. 74(C), pages 497-504.
    17. Wang, Yi & Qiu, Dawei & Sun, Mingyang & Strbac, Goran & Gao, Zhiwei, 2023. "Secure energy management of multi-energy microgrid: A physical-informed safe reinforcement learning approach," Applied Energy, Elsevier, vol. 335(C).
    18. Luo, Lizi & Wu, Zhi & Gu, Wei & Huang, He & Gao, Song & Han, Jun, 2020. "Coordinated allocation of distributed generation resources and electric vehicle charging stations in distribution systems with vehicle-to-grid interaction," Energy, Elsevier, vol. 192(C).
    19. Chitchai Srithapon & Prasanta Ghosh & Apirat Siritaratiwat & Rongrit Chatthaworn, 2020. "Optimization of Electric Vehicle Charging Scheduling in Urban Village Networks Considering Energy Arbitrage and Distribution Cost," Energies, MDPI, vol. 13(2), pages 1-20, January.
    20. Galus, Matthias D. & Zima, Marek & Andersson, Göran, 2010. "On integration of plug-in hybrid electric vehicles into existing power system structures," Energy Policy, Elsevier, vol. 38(11), pages 6736-6745, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:appene:v:307:y:2022:i:c:s0306261921014392. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.