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Title: Creating a Transactive Energy Framework: Improving Reliability and Efficiency

The use of demand response and other flexible distributed resources over the past decade for market efficiency and grid reliability has grown dramatically. Federal and state policy objectives point to an important role for customer 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 that 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”) to develop a framework to provide opportunity for collaboration among the many stakeholders involved in the transformation of the power system.
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Resource Type:
Journal Article
Resource Relation:
Journal Name: Energybiz, (November/December)
Research Org:
Pacific Northwest National Lab. (PNNL), Richland, WA (United States)
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Country of Publication:
United States
Transactive Energy; transactive control; Transactive Energy Framework, GridWise Architecture Council; GWAC