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11 October 2023 A smart contract trading model between renewable energy generations and flexible loads
Baoju Li, Kehao Yang, Chang Liu, Yongzhi Zhou
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Proceedings Volume 12800, Sixth International Conference on Computer Information Science and Application Technology (CISAT 2023); 128004B (2023) https://doi.org/10.1117/12.3004389
Event: 6th International Conference on Computer Information Science and Application Technology (CISAT 2023), 2023, Hangzhou, China
Abstract
Recently, new energy power generation has been developed on a large scale, and the construction process of China’s electricity spot market has been accelerated. Therefore, new energy has begun gradually participating in the spot market competition. However, the uncertainty and volatility of new energy output lead to its weak market competitiveness. This paper, relying on blockchain technology, researches the operation strategy of new energy power generators and flexible loads such as thermal storage electric heating that sign smart contracts to participate in the spot market and the resulting benefits jointly. The operation strategy proposed in this paper focuses on the uncertainty of the real-time output of new energy and the balance cost it brings. It offers to rely on the positive and negative standby of thermal storage electric heating to compensate for the volatility and uncertainty of new energy power generation. It verifies the effectiveness of the proposed model and the rationality of signing smart contracts through examples.
(2023) Published by SPIE. Downloading of the abstract is permitted for personal use only.
Citation Download Citation
Baoju Li, Kehao Yang, Chang Liu, and Yongzhi Zhou "A smart contract trading model between renewable energy generations and flexible loads", Proc. SPIE 12800, Sixth International Conference on Computer Information Science and Application Technology (CISAT 2023), 128004B (11 October 2023); https://doi.org/10.1117/12.3004389
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KEYWORDS
Solar energy
Wind energy
Power consumption
Renewable energy
Power grids
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