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Transactive Energy Auction with Hidden User Information in Microgrid [article]

M. Nazif Faqiry, Sanjoy Das
2016 arXiv   pre-print
This research proposes a novel auction mechanism for transactive energy exchange between buyers and sellers, modeled as agents in a microgrid.  ...  Although private user information remains hidden to the MC, a theoretical analysis shows that under the assumption of convexity of the agents utilities, the proposed auction is still able to maximize the  ...  Under these circumstances, the microgrid should M.Nazif Faqiry, IEEE Student Member, Sanjoy Das Transactive Energy Auction with Hidden User Information in Microgrid T allow bidirectional energy transactions  ... 
arXiv:1608.03649v1 fatcat:utad4qhs3fhlxhc6r64pp6not4

SPETS: Secure and Privacy-Preserving Energy Trading System in Microgrid

Ahmed Samy, Haining Yu, Hongli Zhang, Guangyao Zhang
2021 Sensors  
However, due to security and privacy concerns in energy trading, sensitive information of energy traders could be leaked to an adversary.  ...  In addition, malicious users could perform attacks against the energy market, such as collusion, double spending, and repudiation attacks.  ...  Discrete-Time Double Auction We propose a discrete-time double auction with average mechanism for efficient energy allocation and pricing.  ... 
doi:10.3390/s21238121 pmid:34884125 fatcat:oi4rab6z7bgphb365sh6zox7ou

When Blockchain Meets Smart Grids: A Comprehensive Survey [article]

Yihao Guo, Zhiguo Wan, Xiuzhen Cheng
2021 arXiv   pre-print
In the field of smart grids, a plethora of proposals have emerged to utilize blockchain for augmenting intelligent energy management, energy trading, security and privacy protection, microgrid management  ...  Recent years have witnessed an increasing interest in the blockchain technology, and many blockchain-based applications have been developed to take advantage of its decentralization, transparency, fault  ...  Doan et.al [29] exploit a double auction-based Stackelberg game to encourage individual users to participate in energy trading and achieve maximum social welfare.  ... 
arXiv:2109.14130v1 fatcat:iqdtdkjvffaoxjmuotie4nuqle

When Blockchain Meets Auction Models: A Survey, Some Applications, and Challenges [article]

Zeshun Shi, Cees de Laat, Paola Grosso, Zhiming Zhao
2021 arXiv   pre-print
We review the existing solutions for integrating blockchain and auction models, with some application-oriented taxonomies generated.  ...  As an essential market process, auctions have been well studied and applied in many business fields due to their efficiency and contributions to fair trade.  ...  [83] proposed a privacy-preserving scheme for direct power transactions in microgrids, in which a continuous double auction is combined with a permissioned blockchain to reduce costs and improve transaction  ... 
arXiv:2110.12534v1 fatcat:tpy2cv7sz5dc3dpchnmrniab5e

When Energy Trading Meets Blockchain in Electrical Power System: The State of the Art

Naiyu Wang, Xiao Zhou, Xin Lu, Zhitao Guan, Longfei Wu, Xiaojiang Du, Mohsen Guizani
2019 Applied Sciences  
With the rapid growth of renewable energy resources, energy trading has been shifting from the centralized manner to distributed manner.  ...  However, there are many challenging issues in blockchain-based energy trading, e.g., low efficiency, high transaction cost, and security and privacy issues.  ...  [139] focused on market energy transactions at the regional level, in which the price of energy transactions includes the necessary transmission costs but is hidden from end users.  ... 
doi:10.3390/app9081561 fatcat:44dx4anw3ben7jf3gnyycpsscq

When Energy Trading meets Blockchain in Electrical Power System: The State of the Art [article]

Naiyu Wang, Xiao Zhou, Xin Lu, Zhitao Guan, Longfei Wu, Xiaojiang Du, Mohsen Guizani
2019 arXiv   pre-print
With the rapid growth of renewable energy resources, the energy trading began to shift from centralized to distributed manner.  ...  To tackle with the above challenges, many solutions have been proposed. In this survey, the blockchain-based energy trading in electrical power system is thoroughly investigated.  ...  In contrast, Ilic et. al [105] focuse on market energy transactions at the regional level, in which the price of energy transactions includes the necessary transmission costs but is hidden from end users  ... 
arXiv:1902.07233v1 fatcat:y4miam2axrgjnlw74gm2h3l7xe

Towards transactive energy systems: An analysis on current trends

Omid Abrishambaf, Fernando Lezama, Pedro Faria, Zita Vale
2019 Energy Strategy Reviews  
For that purpose, both scientific and practical aspects of transactive energy should be studied in parallel, implementing adequate simulation platforms and tools to scrutiny the results.  ...  A B S T R A C T This paper presents a comprehensive analysis on the latest advances in transactive energy systems.  ...  The CEMS in each microgrid optimally managed the local energy resources available inside of microgrid and allowed microgrid participants to trade energy between each other in an internal auction-based  ... 
doi:10.1016/j.esr.2019.100418 fatcat:d2ytug46zzb2rbg2kabgd7fv2a

Optimizing Blockchain Based Smart Grid Auctions: A Green Revolution [article]

Muneeb Ul Hassan, Mubashir Husain Rehmani, Jinjun Chen
2021 arXiv   pre-print
Traditional smart grid energy auctions cannot directly be integrated in blockchain due to its decentralized nature.  ...  Therefore, research works are being carried out to propose efficient decentralized auctions for energy trading.  ...  Storage • Reduction in Storage Transaction Volume Double [23] First price, time first based • Improving Consortium PBFT ✔ ✔ ✔ Auctions double auction for microgrid Transaction Efficiency energy trading  ... 
arXiv:2102.02583v2 fatcat:5mwat6r5nngivizyocljb3vgeu

Transforming Energy Networks via Peer-to-Peer Energy Trading: The Potential of Game-Theoretic Approaches

Wayes Tushar, Chau Yuen, Hamed Mohsenian-Rad, Tapan Saha, H. Vincent Poor, Kristin L. Wood
2018 IEEE Signal Processing Magazine  
Peer-to-peer (P2P) energy trading has emerged as a next-generation energy management mechanism for the smart grid that enables each prosumer of the network to participate in energy trading with one another  ...  This poses a significant challenge in terms of modeling the decision-making process of each participant with conflicting interest and motivating prosumers to participate in energy trading and to cooperate  ...  Acknowledgments This work was supported in part by an Advance Queensland Research Fellowship (AQRF11016-17RD2, which is jointly sponsored by the State of Queensland through the Department of Science, Information  ... 
doi:10.1109/msp.2018.2818327 fatcat:hu4xv6gqpfaffdjg36vioyehim

Smart Microgrids: Optimizing Local Resources toward Increased Efficiency and a More Sustainable Growth [chapter]

Wilfried Elmenreich, Tamer Khatib, Andrea Monacchi
2017 Research and Development Evolving Trends and Practices - Towards Human, Institutional and Economic Sectors Growth  
Operating and controlling a smart microgrid involves optimization for using locally generated energy and to provide feedback to the user when and how to use devices.  ...  Smart microgrids Microgrids provide a bottom-up approach to cope with the arising complexity and volatility added from the increasing use of renewable energy sources.  ...  In our work, we advocate for achieving coordination using double-sided auctions.  ... 
doi:10.5772/intechopen.69369 fatcat:lwccdo3jqfbh3iudzwmcdnc3ji

Peer to Peer Distributed Energy Trading in Smart Grids: A Survey

Juhar Abdella, Khaled Shuaib
2018 Energies  
Power routers need to exchange information and cooperate with each other to achieve global stability in the power system.  ...  according to user preferences.  ...  The authors in [9] proposed an incentive based renewable energy sharing mechanism to enable users with surplus energy to share their energy with other users who need it at the current time and vice versa  ... 
doi:10.3390/en11061560 fatcat:fpb7nvj2gzhtphxhjzdh3yacmu

A Permissioned Blockchain System to Reduce Peak Demand in Residential Communities via Energy Trading: A Real-World Case Study

Shivam Saxena, Hany E. Z. Farag, Aidan Brookson, Hjalmar Turesson, Henry Kim
2020 IEEE Access  
Residential energy trading systems (RETS) enable homeowners with distributed energy resources (DERs) to participate in virtualized energy markets that have the potential to reduce the peak demand of residential  ...  INDEX TERMS Blockchain, energy trading, microgrid, distributed energy resources, smart contract, smart home, transactive energy.  ...  In a double auction, an auctioneer receives energy bids from market participants for each discrete market interval during the day, where an energy bid is represented by a corresponding quantity and price  ... 
doi:10.1109/access.2020.3047885 fatcat:qnttnza5lvgztmzdcnqwpoorfi

IEEE Access Special Section Editorial: Security and Privacy in Emerging Decentralized Communication Environments

Xiaochun Cheng, Zheli Liu, Xiaojiang Du, Shui Yu, Leonardo Mostarda
2021 IEEE Access  
Modern, decentralized digital communication environments are changing with the availability of new technologies and the development of new real-world applications, which lead to novel challenges in security  ...  and privacy protection. 5G/6G mobile applications, the smart Internet of Things (IoT) devices, big data applications, and cloud systems are developing to better meet new requirements.  ...  of microgrids direct electricity transaction based on consortium blockchain and the continuous double auction to reduce costs and improve the efficiency of transactions.  ... 
doi:10.1109/access.2021.3075818 fatcat:7t3tgqarsndc5dq2gulr7hapzi

Toward Privacy-Preserving Blockchain-Based Electricity Auction for V2G Networks in the Smart Grid

Weijian Zhang, Wen Yang, Cen Chen, Nuannuan Li, Zijian Bao, Min Luo, Jie Cui
2022 Security and Communication Networks  
In particular, we exploit PS group signatures to keep the privacy of EVs or charging stations and leverage blockchain to provide automated auction execution.  ...  With the development of electric vehicle (EV) technology, EV has become a key component in the future smart grid.  ...  [18] presented a decentralized electricity transaction mode of microgrid based on blockchain and the double auction mechanism. ey designed an adaptive aggressiveness strategy to allow traders to alter  ... 
doi:10.1155/2022/6911463 fatcat:7bawssnnifbhrkmpmijhbcpvle

Applications of blockchain and artificial intelligence technologies for enabling prosumers in smart grids: A review [article]

Weiqi Hua and Ying Chen and Meysam Qadrdan and Jing Jiang and Hongjian Sun and Jianzhong Wu
2022 arXiv   pre-print
This paper attempts to address how to incorporate the blockchain and AI in the smart grids for facilitating prosumers to participate in energy markets.  ...  Second, the potential structures of energy markets with the support of the blockchain technologies are discussed.  ...  The high transaction cost would pose a barrier for prosumers to participate in the peer-to-peer energy trading.  ... 
arXiv:2202.10098v1 fatcat:syos5rtelbh5tg7hrleuwzekfy
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