Continuous auction mechanism model for safety electric energy market transaction

Abstract

With the rapid development of microgrid in the electric power industry, the microgrid electric energy transaction has begun to be marketized, and the research on the microgrid electric energy trusted transaction has important theoretical research value and social value. The existing blockchain-based microgrid electric energy trusted transaction models mostly focus on energy management and scheduling control between microgrids when conducting electric energy transactions, and do not fully consider the bidding problems in the market-based transaction of microgrid electric energy, resulting in trading strategies are difficult to adapt to new market changes. In response to this problem, this paper proposes a reliable transaction approach for microgrid electric energy based on a continuous two-way auction mechanism. The proposed strategy accounts for the volatility of electricity prices in the microgrid trading market and employs the continuous two-way auction mechanism to evaluate the microgrid electricity trading tactics. In the microgrid electric energy transaction, the self-adaptive learning theory is applied to adjust the quotations of both parties, so that both parties can make reasonable quotations according to the market environment. By simulating experimental data, the findings indicate that the continuous two-way auction mechanism transaction strategy enables both parties to modify their quotations based on market transaction information, thereby displaying a high degree of flexibility in microgrid electricity’s market-oriented trading.