Research on Time-of-use Price Trading of Distributed Power Based on Blockchain

Abstract

With the advancement of electricity marketization, distributed power trading and time-of-use price mechanism have become important directions. A distributed power time-of-use trading model based on blockchain technology is designed in this paper, and the trading process is introduced in detail. The transaction is established in an annual cycle and settled monthly. The trading model adopts the average price of the seller’s and buyer’s quotation price by matchmaking. A reasonable default compensation mechanism has been designed, which is conducive to promoting buyers and sellers to publish accurate and reasonable purchase and sale information as far as possible. A distributed power time-of-use trading system based on blockchain technology is developed on the Ethereum platform. Combined with a distributed power time-of-use trading example, the feasibility of the trading system for distributed power time-of-use trading is verified. The distributed power time-of-use trading system can achieve fair and equal trading between distributed generations and power customers, and improve the trading efficiency of distributed power, which enhances the enthusiasm of all parties to participate in transactions and the local consumption of distributed renewable energy.