Research On The Joint Trading Of Emission & Power Generation Rights Based On Blockchain Technology

In the circumstance of the deterioration of the global climate,many countries have begun to take positive actions to control greenhouse gas emissions.At present,the new energy such as wind power has the characteristics of both renewable and pollution-free,and has been developing rapidly in recent years.However,the output of new energy has certain volatility and prediction error,and when it is connected to the grid on a large scale,it often needs traditional thermal power units to provide corresponding peak adjustment and other auxiliary services.Therefore,the thermal power generation is the main power generation method in the power industry and accounts for a major proportion in carbon emissions.From the perspective of purpose,carbon emission trading and power generation trading complement each other.Therefore,it is of great significance to study the emission rights and power generation rights for the refine of power market,the macro-control of power industry,the promotion of the development of new energy and the energiewende of our motherlandBased on above,under the background of power market reform,A joint transaction platform of power generation right and emission right based on Blockchain technology is proposed.Taking into account the operation and maintenance costs of each power generation entity,the transaction costs of power generation right and the transaction costs of carbon emission right,the emission right trading is introduced as an incentive into the traditional power generation right trading whose transacions are carried out in the platform based on the Blockchain technology.in the power industry.Taking the wind power as the representative of new energy,a joint trading model of emission and power generation rights based on power system with wind power unit was established by taking the total cost reduction and the maximum benefit of power generator as the objective function.The models of contract trading,conventional power generation right trading and combined trading of carbon emission right and power generation right are compared.Numerical example results show that through the joint trading,the overall emission level drops in a certain zone,and power suppliers can take the margin of emission rights through consuming the wind power as much as possible in the process of joint trading which increase the total benefits,stimulate the thermal power enterprises to provide ancillary services for wind power by participating in market transactions and increase the amount of wind power to achieve the goal of energy conservation and emission reduction of the electric power industry.It is of great value to adopt effective trading technology for power generation and emission rights in ensuring trading safety,reducing trust risk and trading cost,and promoting economic benefits,energy conservation and environmental protection.So on the basis of joint trading model,I introduce the blockchain technology and the CDA(Continuous Double Auction)mechanism to make the P2 P transaction between subjects of thermal power and new energy via smart contract which solve the trust problem during the trading process and promote the marketization of generation power emission rights.Finally,multiple subjects are simulated to set up accounts in the private chain of ethereum,and the trading of power generation rights is taken as an example to verify the feasibility of the trading market based on blockchain technology through the specific trading case.