- Title
- Incorporating price information in Blockchain-based energy trading
- Creator
- Islam, Ezazul; Chetty, Madhu; Lim, Suryani; Chadhar, Mehmood; Islam, Syed
- Date
- 2022
- Type
- Text; Conference proceedings
- Identifier
- http://researchonline.federation.edu.au/vital/access/HandleResolver/1959.17/196502
- Identifier
- vital:18691
- Identifier
- https://aisel.aisnet.org/amcis2022/sig_sand/sig_sand/6
- Identifier
- ISBN:978-1-958200-00-1
- Abstract
- Blockchain-based peer-to-peer (P2P) ecosystem is well suited for distributed energy trading as it is inherently decentralised. In a distributed energy trading, an auctioneer passes unspent reservations to the next auctioneer, as dictated by the passing mechanism. However, traditional P2P energy trading systems used passing mechanisms that only partially consider the auction capability of the next auctioneer. We propose iPass, which incorporates price information when passing unspent auction reservations in P2P energy trading environment. The three performance metrics applied to measure the trading efficiency are (a) auction convergence time, (b) the number of auction settlements, and (c) the economic surplus of buyers and sellers. We simulated the proposed mechanism in Hyperledger Fabric, a permissioned blockchain framework. Hyperledger Fabric manages the data storage and smart contracts. Experiments show iPass is more efficient compared to existing passing mechanisms.
- Publisher
- AMCIS
- Relation
- SIG SAND -Systems Analysis and Design, 2022; Minneapolis; August 10th-14th, 2022 in AMCIS 2022 Proceedings. 6.
- Rights
- All metadata describing materials held in, or linked to, the repository is freely available under a CC0 licence
- Subject
- Blockchain; Peer-to-peer; Energy trading; Double auction
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