Distributed Energy Transaction Mechanism Design Based on Smart Contract

Abstract

With the promotion of power energy market reform, it has been a trend to allow distributed energy agents and other multi-subject agents to participate in the market competition. However, due to the existing power market mechanism is designed according to the centralized power supply mode, the public services, power market transaction mechanism and government management system for distributed energy transaction is still more missing. The blockchain technology has the characteristics of decentralization, transparency, fairness, openness and so on. Under the background of the transactive energy system, a decentralized distributed energy transaction mechanism based on blockchain smart contract technology is proposed, which includes auditing, bidding, clearing and settlement. It realizes P2P energy trading among prosumers.