IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v12y2019i7p1292-d219914.html
   My bibliography  Save this article

Microgrid Group Trading Model and Solving Algorithm Based on Blockchain

Author

Listed:
  • Zixiao Xu

    (Automation engineering college, Northwestern Polytechnical University, Xi’an 710072, China
    College of Information and Electrical Engineering，China Agricultural University, Bejing 100083, China)

  • Dechang Yang

    (College of Information and Electrical Engineering，China Agricultural University, Bejing 100083, China)

  • Weilin Li

    (Automation engineering college, Northwestern Polytechnical University, Xi’an 710072, China)

Abstract

With the development of the energy Internet and the integration of multi-type energy situations, it is of great significance to study the competition game of a multi-agent microgrid group system for its development. As an emerging distributed database technology, blockchain technology has great application potential in the field of energy trading. Firstly, blockchain technology is coupled with the microgrid group transaction, and the information flow transaction model of a microgrid group based on blockchain technology is established. Aiming at this complex multi-objective optimization problem, an improved ant colony optimization algorithm is proposed to solve the model. Finally, the competitive trading model and solving algorithm are simulated and analyzed. The relevant results show that the near global optimum price strategy of each time based on the proposed model can effectively balance the efficiency of each subject in the market. In addition, the model ensures that there is no high-income and low-cost phenomenon in the trading process, therefore the security and quality of the market are guaranteed.

Suggested Citation

  • Zixiao Xu & Dechang Yang & Weilin Li, 2019. "Microgrid Group Trading Model and Solving Algorithm Based on Blockchain," Energies, MDPI, vol. 12(7), pages 1-19, April.
    • Handle: RePEc:gam:jeners:v:12:y:2019:i:7:p:1292-:d:219914
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/12/7/1292/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/12/7/1292/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Marzband, Mousa & Azarinejadian, Fatemeh & Savaghebi, Mehdi & Pouresmaeil, Edris & Guerrero, Josep M. & Lightbody, Gordon, 2018. "Smart transactive energy framework in grid-connected multiple home microgrids under independent and coalition operations," Renewable Energy, Elsevier, vol. 126(C), pages 95-106.
    2. Zhou, Kaile & Yang, Shanlin & Shao, Zhen, 2016. "Energy Internet: The business perspective," Applied Energy, Elsevier, vol. 178(C), pages 212-222.
    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. Xiuli Wang & Fang Yao & Fushuan Wen, 2022. "Applications of Blockchain Technology in Modern Power Systems: A Brief Survey," Energies, MDPI, vol. 15(13), pages 1-22, June.
    2. Zheng Che & Yu Wang & Juanjuan Zhao & Yan Qiang & Yue Ma & Jihua Liu, 2019. "A Distributed Energy Trading Authentication Mechanism Based on a Consortium Blockchain," Energies, MDPI, vol. 12(15), pages 1-21, July.
    3. Rodrigues, Stefane Dias & Garcia, Vinicius Jacques, 2023. "Transactive energy in microgrid communities: A systematic review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 171(C).
    4. Younes Zahraoui & Tarmo Korõtko & Argo Rosin & Hannes Agabus, 2023. "Market Mechanisms and Trading in Microgrid Local Electricity Markets: A Comprehensive Review," Energies, MDPI, vol. 16(5), pages 1-52, February.
    5. Wenting Zhao & Jun Lv & Xilong Yao & Juanjuan Zhao & Zhixin Jin & Yan Qiang & Zheng Che & Chunwu Wei, 2019. "Consortium Blockchain-Based Microgrid Market Transaction Research," Energies, MDPI, vol. 12(20), pages 1-22, October.

    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. Doumen, Sjoerd C. & Nguyen, Phuong & Kok, Koen, 2022. "Challenges for large-scale Local Electricity Market implementation reviewed from the stakeholder perspective," Renewable and Sustainable Energy Reviews, Elsevier, vol. 165(C).
    2. Jaber Valinejad & Mousa Marzband & Michael Elsdon & Ameena Saad Al-Sumaiti & Taghi Barforoushi, 2019. "Dynamic Carbon-Constrained EPEC Model for Strategic Generation Investment Incentives with the Aim of Reducing CO 2 Emissions," Energies, MDPI, vol. 12(24), pages 1-35, December.
    3. Bossink, Bart A.G., 2017. "Demonstrating sustainable energy: A review based model of sustainable energy demonstration projects," Renewable and Sustainable Energy Reviews, Elsevier, vol. 77(C), pages 1349-1362.
    4. Xinhui Lu & Kaile Zhou & Felix T. S. Chan & Shanlin Yang, 2017. "Optimal scheduling of household appliances for smart home energy management considering demand response," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 88(3), pages 1639-1653, September.
    5. Zhou, Kaile & Yang, Changhui & Shen, Jianxin, 2017. "Discovering residential electricity consumption patterns through smart-meter data mining: A case study from China," Utilities Policy, Elsevier, vol. 44(C), pages 73-84.
    6. Jia, Kunqi & Guo, Ge & Xiao, Jucheng & Zhou, Huan & Wang, Zhihua & He, Guangyu, 2019. "Data compression approach for the home energy management system," Applied Energy, Elsevier, vol. 247(C), pages 643-656.
    7. Chaabane Bouali & Horst Schulte & Abdelkader Mami, 2019. "A High Performance Optimizing Method for Modeling Photovoltaic Cells and Modules Array Based on Discrete Symbiosis Organism Search," Energies, MDPI, vol. 12(12), pages 1-32, June.
    8. Hong, Bowen & Zhang, Weitong & Zhou, Yue & Chen, Jian & Xiang, Yue & Mu, Yunfei, 2018. "Energy-Internet-oriented microgrid energy management system architecture and its application in China," Applied Energy, Elsevier, vol. 228(C), pages 2153-2164.
    9. Xin Wang & Jun Yang & Lei Chen & Jifeng He, 2017. "Application of Liquid Hydrogen with SMES for Efficient Use of Renewable Energy in the Energy Internet," Energies, MDPI, vol. 10(2), pages 1-20, February.
    10. Fan, Cheng & Huang, Gongsheng & Sun, Yongjun, 2018. "A collaborative control optimization of grid-connected net zero energy buildings for performance improvements at building group level," Energy, Elsevier, vol. 164(C), pages 536-549.
    11. Dongdong Zhang & Jun Tian & Hui-Hwang Goh & Hui Liu & Xiang Li & Hongyu Zhu & Xinzhang Wu, 2022. "The Key Technology of Smart Energy System and Its Disciplinary Teaching Reform Measures," Sustainability, MDPI, vol. 14(21), pages 1-29, October.
    12. Liu, Bo & Hou, Yufan & Luan, Wenpeng & Liu, Zishuai & Chen, Sheng & Yu, Yixin, 2023. "A divide-and-conquer method for compression and reconstruction of smart meter data," Applied Energy, Elsevier, vol. 336(C).
    13. Lu, Xinhui & Liu, Zhaoxi & Ma, Li & Wang, Lingfeng & Zhou, Kaile & Yang, Shanlin, 2020. "A robust optimization approach for coordinated operation of multiple energy hubs," Energy, Elsevier, vol. 197(C).
    14. Emad M. Ahmed & Mokhtar Aly & Ahmed Elmelegi & Abdullah G. Alharbi & Ziad M. Ali, 2019. "Multifunctional Distributed MPPT Controller for 3P4W Grid-Connected PV Systems in Distribution Network with Unbalanced Loads," Energies, MDPI, vol. 12(24), pages 1-19, December.
    15. Wang, Ke-Liang & Sun, Ting-Ting & Xu, Ru-Yu & Miao, Zhuang & Cheng, Yun-He, 2022. "How does internet development promote urban green innovation efficiency? Evidence from China," Technological Forecasting and Social Change, Elsevier, vol. 184(C).
    16. Alizadeh, Ali & Kamwa, Innocent & Moeini, Ali & Mohseni-Bonab, Seyed Masoud, 2023. "Energy management in microgrids using transactive energy control concept under high penetration of Renewables; A survey and case study," Renewable and Sustainable Energy Reviews, Elsevier, vol. 176(C).
    17. Jun Liu & Jinchun Chen & Chao Wang & Zhang Chen & Xinglei Liu, 2020. "Market Trading Model of Urban Energy Internet Based on Tripartite Game Theory," Energies, MDPI, vol. 13(7), pages 1-24, April.
    18. Naser Hossein Motlagh & Mahsa Mohammadrezaei & Julian Hunt & Behnam Zakeri, 2020. "Internet of Things (IoT) and the Energy Sector," Energies, MDPI, vol. 13(2), pages 1-27, January.
    19. Ali M. Jasim & Basil H. Jasim & Soheil Mohseni & Alan C. Brent, 2023. "Energy Internet-Based Load Shifting in Smart Microgrids: An Experimental Study," Energies, MDPI, vol. 16(13), pages 1-26, June.
    20. Zhu, Jizhong & Dong, Hanjiang & Zheng, Weiye & Li, Shenglin & Huang, Yanting & Xi, Lei, 2022. "Review and prospect of data-driven techniques for load forecasting in integrated energy systems," Applied Energy, Elsevier, vol. 321(C).

    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:gam:jeners:v:12:y:2019:i:7:p:1292-:d:219914. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.