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• This paper proposes a bi-level Stackelberg low-carbon economic dispatch model with reward and penalty stepped carbon trading mechanism, horizontal and vertical integrated demand response, and dynamic supply and demand multi-energy pricing. • This paper also provides a multi-angle sensitivity analysis of the impact of different parameters of the stepped carbon trading mechanism on the operation of the CIES. • An innovative analysis of the impact of single and two-factor carbon interval length, carbon growth rate, and carbon base price on the CIES is presented. • The sensitivity analysis of horizontal integrated demand response is also carried out. • Through horizontal and vertical integrated demand response, the dynamic supply and demand multi-energy pricing of CIES is further improved. To solve the problem of coupled and coordinated dispatch of multi-energy between campus integrated energy system operator and users. A bi-level Stackelberg low-carbon economic dispatch model with horizontal and vertical integrated demand response and dynamic supply and demand multi-energy pricing (DSDMEP) is proposed. Firstly, the DSDMEP is established to effectively coordinate the interests of the upper CIESO and lower users. Secondly, the combined heat and power containing the power to gas and carbon capture system and the reward and penalty stepped carbon trading mechanism (SCTM) are introduced on the energy supply side to minimize carbon emissions. Then, the HVIDR is introduced to the users to increase the energy coupling and adjustable price characteristics of supply and demand. Finally, the results show that the proposed model compared to other scenarios has its carbon emissions reduced by 21.72%, the benefits of CIESO are increased by 27.86%, and the cost of the users is reduced by 6.9%. This paper also provides a multi-angle sensitivity analysis of the impact of different parameters of the SCTM on the operation of the campus integrated energy system (CIES), as well as a sensitivity analysis of the HVIDR and peak and valley electricity price difference. [ABSTRACT FROM AUTHOR]

• Integration of blockchain characteristics into the collaborative carbon emission reduction game model of both the supply and demand sides of electricity is proposed to encompass source control and terminal suppression. • Blockchain is utilized to trace electricity types within the electricity market and to quantify the carbon emissions generated by the demand side of electricity. • By incorporating blockchain, users can actively engage in individual-level carbon trading to control and reduce carbon emissions. • Blockchain facilitates enhanced carbon emission reduction efforts by the power supply side. The task of carbon emission reduction is severe in the power industry in China under the national goal of "carbon peaking and carbon neutrality". The current carbon reduction is mainly based on supply side, but the effect is limited. To solve this problem, this paper proposed a coordinated supply–demand carbon emission reduction strategy based on blockchain technology. Based on the carbon emission reduction of complementary thermal power and renewable energy under the carbon trading mechanism of power supply side, users are made to participate in the individual level carbon trading mechanism with the help of blockchain technology, and the carbon emission reduction in power demand side is guided through the market mechanism, thus forming a supply–demand collaborative carbon emission reduction strategy of source side control and terminal inhibition. By analyzing the decision changes of both the supply and demand sides of electricity before and after the introduction of blockchain, quantifying the influence of blockchain on electricity quantity, electricity price and users' utility in turn, and establishing the personal carbon trading mechanism supported by blockchain, a game model of two-side interaction between supply and demand was constructed. The simulation results show that the collaborative carbon emission reduction strategy based on blockchain gives full play to the potential of carbon reduction in power demand side, and the personal carbon trading mechanism can better inhibit terminal carbon emissions, which is conducive to the deep carbon emission reduction of the power industry. [ABSTRACT FROM AUTHOR]