Chinese Journal of Intelligent Science and Technology ›› 2019, Vol. 1 ›› Issue (1): 96-105.doi: 10.11959/j.issn.2096-6652.201910

Special Issue: 区块链

• Papers • Previous Articles    

Design of transnational and intercontinental electricity market with blockchain and token economics

Siyuan CHEN1,Yuyang BAI1,Jun ZHANG1,3(),Fei-yu WANG2,3   

  1. 1 School of Electrical Engineering and Automation,Wuhan University,Wuhan 430072,China
    2 The State Key Laboratory of Management and Control for Complex Systems,Institute of Automation,Chinese Academy of Sciences,Beijing 100190,Chin
    3 Qingdao Academy of Intelligent Industries,Qingdao 266071,China
  • Revised:2019-03-25 Online:2019-03-20 Published:2019-05-28


Transnational and intercontinental electricity trading (TIET) is a fundamental enabling component and efficient method to the development of Global Energy Internet (GEI),which aims to build an energy model centered on electricity consumption.The problems faced by TIET was analyzed,and a transnational and intercontinental electricity market (TIEM) based on blockchain and token economics was proposed.The TIEM was divided into five components,and each component was described and modeled respectively.A scale-up power grid based IEEE 39-nodes system was used to analyze the proposed market.The simulation results show that TIEM based on blockchain and token economy can ensure the effective implementation of cross-regional and multi-agent electricity transactions,and also encourage the generation companies (GENCOs) to participate in electricity market with clean energy.

Key words: blockchain, token economy, low-carbon development, market interests, intraday electricity market design

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