P2P Energy Trading based on Blockchain and Customer Risk Preference

Abstract

In this paper, we study a local P2P energy trading with help of Blockchain technologies and consideration for customers’ risk preference. The local energy transactions are based on double-side auction mechanism, meanwhile enabling immediate seller-buyer pairing process via iterative price adjustment. Additionally, the quantitative description of risk preference guarantees the optimal decision-making according to customers’ subjective gain reference. The Blockchain platform is also used to support the proposed P2P energy trading mechanism, strengthening the decentralized implementation and smart contract deployment. The demonstration is provided using Ethereum and Remix development environment.