A Distributed Photovoltaic Power Transaction Mode Based on Blockchain Technology

Abstract

The global new energy market is undergoing reform, so every resident could participate in the energy market. By taking advantage of the characteristics of Blockchain, the direct exchange of information flow, capital flow and energy flow can be safely realized. In this paper, a photovoltaic trading mode based on Blockchain technology is proposed. The benefit function is constructed and Stackelberg game theory is used to get the equilibrium solution to determine the internal electricity price. Furthermore, a credit value is introduced to design a trading incentive mechanism, and the energy storage unit is installed, which ultimately avoids "light abandoning" phenomenon. The simulation results prove that this transaction mode using Blockchain technology increases the benefits of both buyers and sellers and improves the utilization rate of photovoltaic power generation.