An electronic double auction of prepaid electricity trading using blockchain technology
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Issued Date
2022-01-01
Resource Type
ISSN
15504646
eISSN
15504654
Scopus ID
2-s2.0-85139210625
Journal Title
Journal of Mobile Multimedia
Volume
18
Issue
6
Start Page
1829
End Page
1850
Rights Holder(s)
SCOPUS
Bibliographic Citation
Journal of Mobile Multimedia Vol.18 No.6 (2022) , 1829-1850
Suggested Citation
Wongsamerchue T., Leelasantitham A. An electronic double auction of prepaid electricity trading using blockchain technology. Journal of Mobile Multimedia Vol.18 No.6 (2022) , 1829-1850. 1850. doi:10.13052/jmm1550-4646.18616 Retrieved from: https://repository.li.mahidol.ac.th/handle/123456789/84627
Title
An electronic double auction of prepaid electricity trading using blockchain technology
Author(s)
Author's Affiliation
Other Contributor(s)
Abstract
Thailand s current energy trading system is an Enhanced Single Buyer (ESB), a market monopoly by a single buyer. It will produce and distribute electricity to service providers in each area, enabling them to distribute services to consumers. In terms of the consumer aspect, it is necessary to purchase electricity from only one seller, and it is not possible to choose the manufacturer independently. Since the price mechanism is not competitive, the market price is mainly determined by a single buyer. Meanwhile, alternative energy power generation technology has progressed. Anyone can become a power producer using wind power or solar energy. People can easily produce electricity to use in their households. Besides, residual energy from use will be sold only to the ESB. However, there is a selling restriction because there is only one buyer. Importantly, Blockchain technology can be applied to enable independent electricity trading. In other words, called peer-To-peer (P2P) trading, the Thai government has policies to promote P2P trading. However, there are not many systems supporting P2P energy trading since P2P trading is still in the beginning stages of the Pilot Project. In this study, the researchers have presented a P2P Power Trading Model using Blockchain technology. This research presents a system with efficiency and simplicity. Also, there are other technology highlights such as IoT, Lora, and Electronic Double Auction. The researcher has designed, implemented, and tested it for actual electrical power trading. It can prove to be traded according to the designed test cases. Importantly, we are truly confident that this research will benefit those interested in developing real-world applications. This research can also be used as an alternative to the traditional power purchase and sale system.