IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-981-16-9360-1_11.html
   My bibliography  Save this book chapter

P2P Electricity Trading Pricing in Energy Blockchain Environment

In: Smart Energy Management

Author

Listed:
  • Kaile Zhou

    (Hefei University of Technology)

  • Lulu Wen

    (Hefei University of Technology)

Abstract

In energy blockchain environment, the peer-to-peer (P2P) energy trading among prosumers is seen as one of the potential ways for supporting future electricity markets. In the process of P2P electricity trading, pricing is a key issue. In this chapter, a game theory-based pricing model is presented in a localized Practical Byzantine Fault Tolerance (PBFT) based-Consortium Blockchain (PBFT-CB), where two types of interactions, i.e. interactions between sellers and buyers and interactions among sellers, are taken into consideration. First, a bi-level model of sellers (upper level) and buyers (lower level) is formulated in Stackelberg game, and the existence of Nash equilibrium is identified. Then, based on a presented iterative pricing algorithm, the equilibrium point of non-cooperative static game is reached where all sellers have no motivation to change prices. Through the case study, it is shown that after considering two types of interactions, a win–win situation benefiting all prosumers achieves. Besides, the prices determined by all sellers are the same, which corresponds with the inference in lower level problem. Furthermore, performance comparisons in various scenarios show the positive effects of presented pricing model. Results show that P2P trading in energy blockchain provides significant financial and technical benefits to prosumers.

Suggested Citation

  • Kaile Zhou & Lulu Wen, 2022. "P2P Electricity Trading Pricing in Energy Blockchain Environment," Springer Books, in: Smart Energy Management, chapter 0, pages 251-285, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-9360-1_11
    DOI: 10.1007/978-981-16-9360-1_11
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    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:spr:sprchp:978-981-16-9360-1_11. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.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.