A Smart Contract-based Energy Trading Strategy in Energy Internet

Abstract

A fast, reliable and intelligent energy transaction pattern between energy suppliers and consumers is expected to be established within the scope of energy Internet (EI). Corresponding to the transaction principle, a smart contract-based energy trading strategy is proposed in this paper. This paper focuses on shifting the demand of residential users to reduce the energy cost. Then, a demand response model is given. Finally, the simulation result demonstrates the validity of the proposed demand response strategy.