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Economic Pricing in Peer-to-Peer Electrical Trading for a Sustainable Electricity Supply Chain Industry in Thailand

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  • Adisorn Leelasantitham

    (Technology of Information System Management Division, Faculty of Engineering, Mahidol University, 25/25 Phutthamonthon Sai 4 Road, Salaya, Phutthamonthon, Nakhon Pathom 73170, Thailand)

  • Thammavich Wongsamerchue

    (Technology of Information System Management Division, Faculty of Engineering, Mahidol University, 25/25 Phutthamonthon Sai 4 Road, Salaya, Phutthamonthon, Nakhon Pathom 73170, Thailand)

  • Yod Sukamongkol

    (Technology of Information System Management Division, Faculty of Engineering, Mahidol University, 25/25 Phutthamonthon Sai 4 Road, Salaya, Phutthamonthon, Nakhon Pathom 73170, Thailand)

Abstract

The state-owned power Electricity Generating Authority of Thailand (EGAT), a monopoly market in charge of producing, distributing, and wholesaling power, is the focal point of Thailand’s electricity market. Although the government has encouraged people to install on-grid solar panels to sell electricity as producers and retail consumers, the price mechanism, i.e., purchasing price and selling prices, is still unilaterally determined by the government. Therefore, we are interested in studying the case where blockchain can be used as a free trading platform. Without involving buying or selling from the government, this research presents a model of fully traded price mechanisms. Based on the study results of the double auction system, data on buying and selling prices of electrical energy in Thailand were used as the initial data for the electricity peer-to-peer free-trading model. Then, information was obtained to analyze the trading price trends by using the law of demand and supply in addition to the principle of the bipartite graph. The price trend results agree well with those of price equilibrium equations. Therefore, we firmly believe that the model we offer can be traded in a closed system of free-trade platforms. In addition, the players in the system can help to determine the price trend that will occur according to various parameters and will cause true fairness in the sustainable electricity supply chain industry in Thailand.

Suggested Citation

  • Adisorn Leelasantitham & Thammavich Wongsamerchue & Yod Sukamongkol, 2024. "Economic Pricing in Peer-to-Peer Electrical Trading for a Sustainable Electricity Supply Chain Industry in Thailand," Energies, MDPI, vol. 17(5), pages 1-19, March.
    • Handle: RePEc:gam:jeners:v:17:y:2024:i:5:p:1220-:d:1350655
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    References listed on IDEAS

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