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Title: Transactive System: Part II: Analysis of Two Pilot Transactive Systems using Foundational Theory and Metrics

Abstract

This document is the second of a two-part report. Part 1 reviewed several demonstrations of transactive control and compared them in terms of their payoff functions, control decisions, information privacy, and mathematical solution concepts. It was suggested in Part 1 that these four listed components should be adopted for meaningful comparison and design of future transactive systems. Part 2 proposes qualitative and quantitative metrics that will be needed to compare alternative transactive systems. It then uses the analysis and design principles from Part 1 while conducting more in-depth analysis of two transactive demonstrations: the American Electric Power (AEP) gridSMART Demonstration, which used a double –auction market mechanism, and a consensus method like that used in the Pacific Northwest Smart Grid Demonstration. Ultimately, metrics must be devised and used to meaningfully compare alternative transactive systems. One significant contribution of this report is an observation that the decision function used for thermostat control in the AEP gridSMART Demonstration has superior performance if its decision function is recast to more accurately reflect the power that will be used under for thermostatic control under alternative market outcomes.

Authors:
 [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:
1422303
Report Number(s):
PNNL-27235 Part 2
TE1204000
DOE Contract Number:
AC05-76RL01830
Resource Type:
Technical Report
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING, POLICY, AND ECONOMY; transactive systems; transactive theory; analysis

Citation Formats

Lian, Jianming, Sun, Y., Kalsi, Karanjit, Widergren, Steven E., Wu, Di, and Ren, Huiying. Transactive System: Part II: Analysis of Two Pilot Transactive Systems using Foundational Theory and Metrics. United States: N. p., 2018. Web. doi:10.2172/1422303.
Lian, Jianming, Sun, Y., Kalsi, Karanjit, Widergren, Steven E., Wu, Di, & Ren, Huiying. Transactive System: Part II: Analysis of Two Pilot Transactive Systems using Foundational Theory and Metrics. United States. doi:10.2172/1422303.
Lian, Jianming, Sun, Y., Kalsi, Karanjit, Widergren, Steven E., Wu, Di, and Ren, Huiying. Wed . "Transactive System: Part II: Analysis of Two Pilot Transactive Systems using Foundational Theory and Metrics". United States. doi:10.2172/1422303. https://www.osti.gov/servlets/purl/1422303.
@article{osti_1422303,
title = {Transactive System: Part II: Analysis of Two Pilot Transactive Systems using Foundational Theory and Metrics},
author = {Lian, Jianming and Sun, Y. and Kalsi, Karanjit and Widergren, Steven E. and Wu, Di and Ren, Huiying},
abstractNote = {This document is the second of a two-part report. Part 1 reviewed several demonstrations of transactive control and compared them in terms of their payoff functions, control decisions, information privacy, and mathematical solution concepts. It was suggested in Part 1 that these four listed components should be adopted for meaningful comparison and design of future transactive systems. Part 2 proposes qualitative and quantitative metrics that will be needed to compare alternative transactive systems. It then uses the analysis and design principles from Part 1 while conducting more in-depth analysis of two transactive demonstrations: the American Electric Power (AEP) gridSMART Demonstration, which used a double –auction market mechanism, and a consensus method like that used in the Pacific Northwest Smart Grid Demonstration. Ultimately, metrics must be devised and used to meaningfully compare alternative transactive systems. One significant contribution of this report is an observation that the decision function used for thermostat control in the AEP gridSMART Demonstration has superior performance if its decision function is recast to more accurately reflect the power that will be used under for thermostatic control under alternative market outcomes.},
doi = {10.2172/1422303},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Wed Jan 24 00:00:00 EST 2018},
month = {Wed Jan 24 00:00:00 EST 2018}
}

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