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Title: Transactive Systems Simulation and Valuation Platform Trial Analysis

Abstract

Transactive energy systems use principles of value to coordinate responsive supply and demand in energy systems. Work continues within the Transactive Systems Program, which is funded by the U.S. Department of Energy at Pacific Northwest National Laboratory, to understand the value of, understand the theory behind, and simulate the behaviors of transactive energy systems. This report summarizes recent advances made by this program. The main capability advances include a more comprehensive valuation model, including recommended documentation that should make valuation studies of all sorts more transparent, definition of economic metrics with which transactive mechanisms can be evaluated, and multiple improvements to the time-simulation environment that is being used to evaluate transactive scenarios.

Authors:
 [1];  [1];  [1];  [1];  [1];  [1];  [1];  [1];  [1];  [1];  [1]
  1. Pacific Northwest National Lab. (PNNL), Richland, WA (United States)
Publication Date:
Research Org.:
Pacific Northwest National Lab. (PNNL), Richland, WA (United States)
Sponsoring Org.:
USDOE
OSTI Identifier:
1379448
Report Number(s):
PNNL-26409
TE1204000; TRN: US1800562
DOE Contract Number:  
AC05-76RL01830
Resource Type:
Technical Report
Country of Publication:
United States
Language:
English
Subject:
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION; ENERGY SYSTEMS; SIMULATION; COST; METRICS; transactive; simulation; valuation; control theory; economic theory; transactive control

Citation Formats

Widergren, Steven E., Hammerstrom, Donald J., Huang, Qiuhua, Kalsi, Karanjit, Lian, Jianming, Makhmalbaf, Atefe, McDermott, Thomas E., Sivaraman, Deepak, Tang, Yingying, Veeramany, Arun, and Woodward, James C.. Transactive Systems Simulation and Valuation Platform Trial Analysis. United States: N. p., 2017. Web. doi:10.2172/1379448.
Widergren, Steven E., Hammerstrom, Donald J., Huang, Qiuhua, Kalsi, Karanjit, Lian, Jianming, Makhmalbaf, Atefe, McDermott, Thomas E., Sivaraman, Deepak, Tang, Yingying, Veeramany, Arun, & Woodward, James C.. Transactive Systems Simulation and Valuation Platform Trial Analysis. United States. doi:10.2172/1379448.
Widergren, Steven E., Hammerstrom, Donald J., Huang, Qiuhua, Kalsi, Karanjit, Lian, Jianming, Makhmalbaf, Atefe, McDermott, Thomas E., Sivaraman, Deepak, Tang, Yingying, Veeramany, Arun, and Woodward, James C.. Sat . "Transactive Systems Simulation and Valuation Platform Trial Analysis". United States. doi:10.2172/1379448. https://www.osti.gov/servlets/purl/1379448.
@article{osti_1379448,
title = {Transactive Systems Simulation and Valuation Platform Trial Analysis},
author = {Widergren, Steven E. and Hammerstrom, Donald J. and Huang, Qiuhua and Kalsi, Karanjit and Lian, Jianming and Makhmalbaf, Atefe and McDermott, Thomas E. and Sivaraman, Deepak and Tang, Yingying and Veeramany, Arun and Woodward, James C.},
abstractNote = {Transactive energy systems use principles of value to coordinate responsive supply and demand in energy systems. Work continues within the Transactive Systems Program, which is funded by the U.S. Department of Energy at Pacific Northwest National Laboratory, to understand the value of, understand the theory behind, and simulate the behaviors of transactive energy systems. This report summarizes recent advances made by this program. The main capability advances include a more comprehensive valuation model, including recommended documentation that should make valuation studies of all sorts more transparent, definition of economic metrics with which transactive mechanisms can be evaluated, and multiple improvements to the time-simulation environment that is being used to evaluate transactive scenarios.},
doi = {10.2172/1379448},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Sat Apr 01 00:00:00 EDT 2017},
month = {Sat Apr 01 00:00:00 EDT 2017}
}

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