An Approach to Uncertainty Identification in the Valuation of Transactive Energy Systems

Journal Article · Mon Apr 30 00:00:00 EDT 2018 · ASCE-ASME Journal of Risk and Uncertainty in Engineering Systems. Part B. Mechanical Engineering

DOI:https://doi.org/10.1115/1.4039465· OSTI ID:1557856

Veeramany, Arun ^[1]; Woodward, James T. ^[1]; Hammerstrom, Donald J. ^[1]

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1. Pacific Northwest National Lab. (PNNL), Richland, WA (United States)

Valuation of transactive energy (TE) systems should be supported by a structured and systematic approach to uncertainty identification, assessment, and treatment in the interest of risk-informed decision making. The proposed approach, a variation of fault tree analysis, is anticipated to support valuation analysts in analyzing conventional and transactive system scenarios. This approach allows for expanding the entire tree up to the level of minute details or collapsing them to a level sufficient enough to get an overview of the problem. Quantification scheme for the described approach lends itself for valuation. The method complements value exchange analysis, simulation, and field demonstration studies. The practicality of the proposed approach is demonstrated through uncertainty assessment of the smart grid interoperability panel peak heat day scenario.

• Research Organization: Pacific Northwest National Lab. (PNNL), Richland, WA (United States)
• Sponsoring Organization: USDOE Office of Electricity (OE); USDOE Office of Energy Efficiency and Renewable Energy (EERE)
• Grant/Contract Number: AC05-76RL01830; AC05-76RL01830.
• OSTI ID: 1557856
• Report Number(s): PNNL-SA-128928
• Journal Information: ASCE-ASME Journal of Risk and Uncertainty in Engineering Systems. Part B. Mechanical Engineering, Vol. 4, Issue 4; ISSN 2332-9017
• Publisher: American Society of Mechanical Engineers
• Country of Publication: United States
• Language: English

Related Subjects

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION