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Title: GridWise Transactive Energy Framework (DRAFT Version)

Abstract

Over the past decade, the use of demand response and other flexible distributed resources for market efficiency and grid reliability has grown dramatically. Federal and state policy objectives point to an important role for customers’ loads, generation and storage in the management of an increasingly unpredictable power system. As we consider the need to substantially scale the use of flexible distributed energy resources, there has been growing attention to the need to address not only the economics, but also the control system implications to ensure grid reliability. This has led to a focus on an area of activity called “Transactive Energy.” Transactive Energy refers to the combination of economic and control techniques to improve grid reliability and efficiency. These techniques may also be used to optimize operations within a customer’s facility. The Department of Energy has supported the GridWise® Architecture Council (“the Council”) in developing a conceptual framework that can be used in developing architectures, and designing solutions related to transactive energy. The goal of this effort is to encourage and facilitate collaboration among the many stakeholders involved in the transformation of the power system and thereby advance the practical implementation of transactive energy.

Authors:
Publication Date:
Research Org.:
Pacific Northwest National Lab. (PNNL), Richland, WA (United States)
Sponsoring Org.:
USDOE
OSTI Identifier:
1123244
Report Number(s):
PNNL-SA-22946
TE1201000
DOE Contract Number:  
AC05-76RL01830
Resource Type:
Book
Country of Publication:
United States
Language:
English
Subject:
Transactive Energy; Transactive Energy Framework; GWAC; GridWise; GridWise Architecture Council

Citation Formats

Melton, Ronald B. GridWise Transactive Energy Framework (DRAFT Version). United States: N. p., 2013. Web.
Melton, Ronald B. GridWise Transactive Energy Framework (DRAFT Version). United States.
Melton, Ronald B. 2013. "GridWise Transactive Energy Framework (DRAFT Version)". United States.
@article{osti_1123244,
title = {GridWise Transactive Energy Framework (DRAFT Version)},
author = {Melton, Ronald B.},
abstractNote = {Over the past decade, the use of demand response and other flexible distributed resources for market efficiency and grid reliability has grown dramatically. Federal and state policy objectives point to an important role for customers’ loads, generation and storage in the management of an increasingly unpredictable power system. As we consider the need to substantially scale the use of flexible distributed energy resources, there has been growing attention to the need to address not only the economics, but also the control system implications to ensure grid reliability. This has led to a focus on an area of activity called “Transactive Energy.” Transactive Energy refers to the combination of economic and control techniques to improve grid reliability and efficiency. These techniques may also be used to optimize operations within a customer’s facility. The Department of Energy has supported the GridWise® Architecture Council (“the Council”) in developing a conceptual framework that can be used in developing architectures, and designing solutions related to transactive energy. The goal of this effort is to encourage and facilitate collaboration among the many stakeholders involved in the transformation of the power system and thereby advance the practical implementation of transactive energy.},
doi = {},
url = {https://www.osti.gov/biblio/1123244}, journal = {},
number = ,
volume = ,
place = {United States},
year = {Wed Nov 06 00:00:00 EST 2013},
month = {Wed Nov 06 00:00:00 EST 2013}
}

Book:
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