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Energies 2018, 11(9), 2412; https://doi.org/10.3390/en11092412

Integrated Energy Transaction Mechanisms Based on Blockchain Technology

School of Electrical Engineering, Southeast University, Nanjing 210096, China
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Received: 31 July 2018 / Revised: 6 September 2018 / Accepted: 7 September 2018 / Published: 12 September 2018
(This article belongs to the Special Issue Communications in Microgrids)
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Abstract

With the rapid development of distributed renewable energy (DRE), demand response (DR) programs, and the proposal of the energy internet, the current centralized trading of the electricity market model is unable to meet the trading needs of distributed energy. As a decentralized and distributed accounting mode, blockchain technology fits the requirements of distributed energy to participate in the energy market. Corresponding to the transaction principle, a blockchain-based integrated energy transaction mechanism is proposed, which divides the trading process into two stages: the call auction stage and the continues auction stage. The transactions among the electricity and heat market participants were used as examples to explain the details of the trading process. Finally, the smart contracts of the transactions were designed and deployed on the Ethereum private blockchain site to demonstrate the validity of the proposed transaction scheme. View Full-Text
Keywords: blockchain; decentralized market; integrated energy transaction; transaction scheme design blockchain; decentralized market; integrated energy transaction; transaction scheme design
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Zhao, S.; Wang, B.; Li, Y.; Li, Y. Integrated Energy Transaction Mechanisms Based on Blockchain Technology. Energies 2018, 11, 2412.

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