LAPSE:2023.18193v1
Published Article
LAPSE:2023.18193v1
Real-Time Bidding Model of Cryptocurrency Energy Trading Platform
Yue Wu, Junxiang Li, Jin Gao
March 7, 2023
Abstract
Blockchain technology provides a comprehensive solution to user access and energy trading for distributed energy Internet. Achieving market-based pricing, increasing the earnings of energy suppliers, attracting foreign capital and facilitating the upgrade of solar and wind energy are pressing issues. Drawing on the practices of centralised exchanges and blockchain cryptocurrency, the author designed the Cryptocurrency Energy Trading Platform (CETP), dividing the permissioned blockchain into the Energy Blockchain Platform (EBP) and the Energy Cryptocurrency Exchange (ECE). The frequently used real-time bidding scenario and the seldom-used power-using scenario are separated from each other. A market welfare model for real-time bidding is established and verified. With Energy Blockchain Cryptocurrency (EBC) as the trading medium, the platform allows external bidders to get involved in the bidding and transactions, which not only attracts the social capital to be used in the development of energy Internet but also helps stabilise the energy market prices, thus, advancing the energy Internet.
Keywords
blockchain, cryptocurrency, energy trading, real-time pricing
Suggested Citation
Wu Y, Li J, Gao J. Real-Time Bidding Model of Cryptocurrency Energy Trading Platform. (2023). LAPSE:2023.18193v1
Author Affiliations
Wu Y: Business School, University of Shanghai for Science and Technology, Shanghai 200093, China
Li J: Business School, University of Shanghai for Science and Technology, Shanghai 200093, China
Gao J: Business School, University of Shanghai for Science and Technology, Shanghai 200093, China
Journal Name
Energies
Volume
14
Issue
21
First Page
7216
Year
2021
Publication Date
2021-11-02
ISSN
1996-1073
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Original Submission
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PII: en14217216, Publication Type: Journal Article
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LAPSE:2023.18193v1
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https://doi.org/10.3390/en14217216
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