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  4. LabChain: An interactive prototype for synthetic peer-to-peer trade research in experimental energy economics
 
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2020
Conference Paper
Title

LabChain: An interactive prototype for synthetic peer-to-peer trade research in experimental energy economics

Abstract
Blockchain-based peer-to-peer (P2P) electricity markets received considerable attention in the past years, leading to a rich variety of proposed market designs. Yet, little comparability and consensus exists on optimal market design, also due to a lack of common evaluation and benchmarking infrastructure.This article describes LabChain, an interactive prototype as research infrastructure for conducting experiments in (simulated) P2P electricity markets involving real human actors. The software stack comprises: (i) an (open) data layer for experiment configuration, (ii) a blockchain layer to reliably document bids and transactions, (iii) an experiment coordination layer and (iv) a user interface layer for participant interactions.As evaluation environment for human interactions within a laboratory setting, researchers can investigate patterns based on energy system and market setup and can compare and evaluate designs under real human behavior allowing alignment of intentions and outcomes. This contributes to the evaluation and benchmarking infrastructure discourse.
Author(s)
Johanning, Simon
Institute for Infrastructure and Resources Management (IIRM), Leipzig University
Retzlaff, Nancy
Institute for Infrastructure and Resources Management (IIRM), Leipzig University
Lämmel, Philipp  
Fraunhofer-Institut für Offene Kommunikationssysteme FOKUS  
Dittwald, Benjamin  
Fraunhofer-Institut für Offene Kommunikationssysteme FOKUS  
Bruckner, Thomas
Institute for Infrastructure and Resources Management (IIRM), Leipzig University
Mainwork
17th International Conference on the European Energy Market, EEM 2020  
Project(s)
WindNODE
Funder
Bundesministerium für Wirtschaft und Energie BMWi (Deutschland)  
Conference
International Conference on the European Energy Market (EEM) 2020  
Open Access
DOI
10.1109/EEM49802.2020.9221919
Language
English
Fraunhofer-Institut für Offene Kommunikationssysteme FOKUS  
Keyword(s)
  • Peer-to-Peer Energy Trade

  • Blockchain

  • Experimental Energy Economics

  • market design

  • research infrastructure

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