Decentralized coordination through digital technology, dynamic pricing, and Customer-Driven control: the GridWise testbed demonstration project
Journal Article
·
· Electricity Journal
The project highlights the idea that technology-enabled decentralized coordination can achieve the same, or better, economic and reliability benefits when compared to utility-focused centralized physical and economic control. Among the design's unique features was a retail double auction with five-minute market-clearing intervals that included residential customers as direct, active market participants. (author)
- OSTI ID:
- 21125480
- Journal Information:
- Electricity Journal, Vol. 21, Issue 8; Other Information: Elsevier Ltd. All rights reserved; ISSN 1040-6190
- Country of Publication:
- United States
- Language:
- English
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