Transactive Energy

Authored by: Eric Woychik

Smart Grids

Print publication date:  December  2017
Online publication date:  November  2017

Print ISBN: 9781498799553
eBook ISBN: 9781351228480
Adobe ISBN:

10.1201/9781351228480-21

 Download Chapter

 

Abstract

Many believe that smart energy resources, whether they are DERs (distributed energy resources—distributed generation, energy storage, and electric vehicle-to-grid supply), demand response (DR) programs, or utility connected resources, may best be fully harnessed and monetized through transactive energy (TE) frameworks. The ultimate aim of smart grid and TE is to provide a plug-and-play architecture that enables DERs, smart applications, software, and services to transact energy via an interactive, open-access platform. TE has been defined by the Gridwise Architecture Council as follows:

A system of economic and control mechanisms that allows the dynamic balance of supply and demand across the entire electrical infrastructure using value as a key operational parameter.

 Cite
Search for more...
Back to top

Use of cookies on this website

We are using cookies to provide statistics that help us give you the best experience of our site. You can find out more in our Privacy Policy. By continuing to use the site you are agreeing to our use of cookies.