Research on key technologies of deduction of multinational power trading in the context of Global Energy Interconnection

Abstract

When transnationalized electricity trade is conducted in the context of Global Energy Interconnection (GEI), the transaction settlement usually has a long cycle and high cost and is influenced by the volatility of the exchange rate. It is thus necessary to overcome the problems associated with the transaction settlement, change in the trading model data, and trading strategy in the transnational transaction deduction. To overcome the problem of trade settlement, this paper proposes the use of a digital currency (energy currency) for the cross-border electricity trading settlement based on the special drawing rights of the International Monetary Fund, which is controlled by the Global Energy Interconnection Development and Cooperation Organization (GEIDCO), to enable the proposed currency to become a stable digital currency. The traders can use the energy coins as a unit of currency for quotes, combined with the data pertaining to the changes in the energy information obtained from the GEI framework and data regarding the optimally extrapolated reference trading indicators. To realize the implementation of the multi-trader concurrent transaction deduction using a microservice architecture, this paper proposes a method of computing the microservice and synchronous interaction among the traders, based on the database table data, because the large amount of computation is required to be accomplished asynchronously with a single process. The key technology behind these cross-national electricity trading simulations can not only enable the GEI transnational traders to performed daily real-time trading, but it also demonstrates the advantages of the rapid settlement of the energy currency and the realization of a stable payment in the global energy interconnection cross-border electricity trading. Keywords: Global Energy Interconnection, Multinational power trading deduction, Micro-service, Digital currency