Journal ArticleDOI
Enabling Localized Peer-to-Peer Electricity Trading Among Plug-in Hybrid Electric Vehicles Using Consortium Blockchains
TLDR
Numerical results indicate that the double auction mechanism can achieve social welfare maximization while protecting privacy of the PHEVs and security analysis shows that the proposed PETCON improves transaction security and privacy protection.Abstract:
We propose a localized peer-to-peer (P2P) electricity trading model for locally buying and selling electricity among plug-in hybrid electric vehicles (PHEVs) in smart grids Unlike traditional schemes, which transport electricity over long distances and through complex electricity transportation meshes, our proposed model achieves demand response by providing incentives to discharging PHEVs to balance local electricity demand out of their own self-interests However, since transaction security and privacy protection issues present serious challenges, we explore a promising consortium blockchain technology to improve transaction security without reliance on a trusted third party A localized P 2P E lectricity T rading system with CO nsortium blockchai N (PETCON) method is proposed to illustrate detailed operations of localized P2P electricity trading Moreover, the electricity pricing and the amount of traded electricity among PHEVs are solved by an iterative double auction mechanism to maximize social welfare in this electricity trading Security analysis shows that our proposed PETCON improves transaction security and privacy protection Numerical results based on a real map of Texas indicate that the double auction mechanism can achieve social welfare maximization while protecting privacy of the PHEVsread more
Citations
More filters
Proceedings ArticleDOI
Efficient and Secure Energy Trading in Internet of Electric Vehicles Using IOTA Blockchain
TL;DR: In this article, the Stackelberg game theory technique is used to select the best seller at a given time slot and to perform the negotiation between buyers and sellers on the energy price in an off-blockchain manner.
Book ChapterDOI
Blockchain With the Internet of Things: Solutions and Security Issues in the Manufacturing Industry
TL;DR: This chapter presents the advantages of blockchain technology to secure the operation of the modern manufacturing industry in a trustless environment with IoT applications and how integration with blockchain can resolve some of the manufacturing enterprise information systems (EIS).
Journal ArticleDOI
A Benders decomposition approach for solving a two-stage local energy market problem under uncertainty
TL;DR: In this paper , a two-stage stochastic mixed-integer linear programming model is proposed to address the scheduling day-ahead problem of an energy community operating under a P2P energy trading scheme.
Journal ArticleDOI
An Efficient LP-Based Approach for Spatial-Temporal Coordination of Electric Vehicles in Electricity-Transportation Nexus
TL;DR: In this paper , a dynamic traffic assignment (DTA) model is proposed to optimize the spatial-temporal distribution of EV flows on roads and at FCSs, taking into account their flexible C&D options and SoC-related constraints, through the solution of a single linear program.
Journal ArticleDOI
Peer-to-Peer Electricity Trading: A Systematic Review on Currents Development and Perspectives
Abba Lawan Bukar,Mukhtar Fatihu Hamza,Sara Ayup,Abobaker Kikki Abobaker,Babangida Modu,Soheil Mohseni,Alan C. Brent,Chukwuma Ogbonnaya,Kunduli Mustapha,Harrison Oyibo Idakwo +9 more
TL;DR: In this paper , a systematic literature review brings to light six essential components in P2P electricity trading processes, namely: P2PPET platforms, PPPET market schemes, PTPET market clearance algorithms, policy supporting P2PNET trading, PPNET electricity trading networks and ICT infrastructure, which are discussed in detail in detail.
References
More filters
Book
Convex Optimization
Stephen Boyd,Lieven Vandenberghe +1 more
TL;DR: In this article, the focus is on recognizing convex optimization problems and then finding the most appropriate technique for solving them, and a comprehensive introduction to the subject is given. But the focus of this book is not on the optimization problem itself, but on the problem of finding the appropriate technique to solve it.
Journal ArticleDOI
Rate control for communication networks: shadow prices, proportional fairness and stability
TL;DR: This paper analyses the stability and fairness of two classes of rate control algorithm for communication networks, which provide natural generalisations to large-scale networks of simple additive increase/multiplicative decrease schemes, and are shown to be stable about a system optimum characterised by a proportional fairness criterion.
Proceedings ArticleDOI
A Secure Sharding Protocol For Open Blockchains
TL;DR: ELASTICO is the first candidate for a secure sharding protocol with presence of byzantine adversaries, and scalability experiments on Amazon EC2 with up to $1, 600$ nodes confirm ELASTICO's theoretical scaling properties.
Journal ArticleDOI
Security and Privacy in Decentralized Energy Trading Through Multi-Signatures, Blockchain and Anonymous Messaging Streams
TL;DR: This paper has implemented a proof-of-concept for decentralized energy trading system using blockchain technology, multi-signatures, and anonymous encrypted messaging streams, enabling peers to anonymously negotiate energy prices and securely perform trading transactions.
Journal ArticleDOI
Cognitive machine-to-machine communications: visions and potentials for the smart grid
TL;DR: A CM2M communications architecture for the smart grid is presented, for which an energy-efficiency driven spectrum discovery scheme is presented and significant energy saving and the reliability in supporting data transmissions in thesmart grid are demonstrated.