Enabling Localized Peer-to-Peer Electricity Trading Among Plug-in Hybrid Electric Vehicles Using Consortium Blockchains
Guangdong University of Technology · University of Oslo · +2 more institutions
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 P2P Electricity…
Citation impact
- FWCI
- 241.49
- Percentile
- 100%
- References
- 23
Authors
6Topics & keywords
- Electricity
- Environmental economics
- Database transaction
- Computer science
- Peer-to-peer
- Electricity retailing
- Business
- Electricity market