Load and Frequency Regulation Power Market Trading Model based on Block Chain
Ran Chen, Hengyi Sun, Beijia Zhang, Xue Zhong · 2021 IEEE Sustainable Power and Energy Conference (iSPEC) · 2021
Load and frequency regulation is important for the power system stability. With the expansion of renewable energy capacity in the power grid and the development of the power market, it is necessary to encourage participation of both power source and load in the load and frequency regulation through spot trading in power market. In this paper a load and frequency regulation power market trading model based on block chain is proposed. In this trading model, the power source and load propose their regulation will and ability. If the power grid has the requirement for load and frequency regulation, the regulation proposed by power source and load can be purchased. The trading process based on block chain is also illustrated. The trading is making deals through smart contract. The consensus is completed depending on validation nodes. And an application is used to illustrated and verify the effectiveness of the proposed trading model.