Open AccessResearch on key technologies of P2P transaction in virtual power plant based on blockchain
Author(s) -
Li Bin,
Yang Fan,
Qi Bing,
Bai XueFeng,
Sun Yi,
Chen Songsong
Publication year - 2022
Publication title -
iet smart grid
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.612
H-Index - 11
ISSN - 2515-2947
DOI - 10.1049/stg2.12064
Subject(s) - blockchain , key (lock) , database transaction , computer security , computer science , business , database
It is a critical part of increasing renewable energy accommodation by using virtual power plant (VPP) to attain carbon neutrality. However, VPP applications primarily consider VPP's participation in power market transactions as a whole and rarely consider the transaction interaction between internal resources. VPP's internal resources complement each other organically, and blockchain technology for distributed transactions has incorporated points. In this article, the authors undertake a study and examine the P2P scenario of VPP internal transactions in light of the issues experienced by DERs transactions. Next, the authors analyse the consensus mechanism, smart contract, inter‐blockchain technology, and game theory, and how to apply them in the P2P scenarios of VPP internal transactions. Further, the authors design the function of the DER transaction system, which lays the foundation for the realisation of the system in the future. Finally, the authors conclude that the potential of blockchain technology in P2P transactions between internal entities of the VPP is significant and warrants further investigation.