Researchers in China have proposed a new hybrid transaction model for distributed power trading. The model encourages the participation of aggregators in market transactions for distributed resources and promotes the expansion of distributed energy storage.
Researchers from China have proposed a novel model for optimizing distributed power trading markets.
Their hybrid transaction model (HTM) operates as a two-tier market. The first tier involves trading between small prosumers and aggregation entities, while the second tier trades between aggregators and larger industrial and commercial parties. Blockchain technology secures and verifies the transactions.
“The development of the distributed power (DP) trading market in many emerging economies is still in its nascent stages, primarily attributed to the increasingly rational market mechanisms and the heightened regulatory demands that accompany the rising renewable energy penetration rate,” said the academics. “There is an urgent need to optimize the mechanisms underlying the DP trading market and to promote the development of DP resources.”
