Journal ArticleDOI
Enabling Localized Peer-to-Peer Electricity Trading Among Plug-in Hybrid Electric Vehicles Using Consortium Blockchains
Reads0
Chats0
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
Dissertation
A Novel Multi-Layer Framework for Dynamic Operation of Prosumers in Peer-to-Peer (P2P) Energy Markets
Journal ArticleDOI
Increasing photovoltaic self-consumption with game theory and blockchain
TL;DR: The proposed distributed framework, combining game theory and blockchain, shows real potential to improve energy sharing on energy communities.
Proceedings ArticleDOI
Distributed cracking system of encrypted currency based on blockchain
TL;DR: The test results show that the system realizes the work of distributed cracking using the idle hardware resources of ordinary personal computers, and the cracking efficiency will increase with the increase of the number of terminals, achieving the goal of system design.
Book ChapterDOI
Peer to peer electricity markets
TL;DR: In this paper , the authors highlight the potential of peer-to-peer markets for the evolution of power systems and present several challenges that are still being investigated at present in order to become operationally viable.
Journal ArticleDOI
Network-Aware Coordination of Aggregated Electric Vehicles Considering Charge–Discharge Flexibility
TL;DR: In this paper , the authors proposed a transactive control framework for network-aware coordination of aggregated electric vehicles (EVs) via transactive controlling in distribution networks considering the operating constraints of the network.
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.