Blockchain-Based Decentralized Peer-to-Peer Negawatt Trading in Demand-Side Flexibility Driven Transactive Energy System

Zhanbolatov A. Zhakiyeva S. Zhakiyev N. Kayisli K.
September 2022 Gazi Universitesi

International Journal of Renewable Energy Research
2022 #12 Issue 3 1475 - 1483 pp.

Growing flexibility from demand-side resources and advancements in distributed ledger technology has opened a wide array of opportunities for peer-to-peer negawatt trading. However, while peer-to-peer energy trading has been extensively studied in the research community, peer-to-peer negawatt trading is only yet being explored. This work presents a conceptual design of a blockchain-based decentralized peer-to-peer negawatt trading platform. It includes an auction mechanism where the winner determination problem is formulated as a fractional knapsack problem, and a greedy algorithm is used to find the optimal solution that minimizes social cost. Furthermore, truthfulness and individual rationality are ensured by applying Vickrey–Clarke–Groves payment scheme. A simulation setup is implemented on the Ethereum blockchain to model the peer-to-peer negawatt trading in a demand-side flexibility-driven transactive energy system. Case studies show that the proposed market mechanism achieves better economic efficiency compared to the existing method

Blockchain-based decentralized application , Demand-side flexibility , Peer-to-peer negawatt trading , Transactive energy system , Vickrey–clarke–groves auction.

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Department of Science and Innovation, Astana IT University, Nur-Sultan, Kazakhstan
Department of Mathematical and Computer Modeling, L.N. Gumilyov Eurasian National University, Nur-Sultan, Kazakhstan
Department of Electrical-Electronic Engineering, Engineering Faculty, Gazi University, Ankara, Turkey

Department of Science and Innovation
Department of Mathematical and Computer Modeling
Department of Electrical-Electronic Engineering

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