Transactive Energy Techniques for End-to-End Power System Operation

Transactive Energy Techniques for End-to-End Power System Operation
Posted: 1 Aug 2014
Primary Committee:
(PSACE) Economic Systems
F. Rahimi, OATI , F. Bouffard, McGill University
Slides: 109

The Transactive Energy framework involves principles, techniques, technologies, and systems for active participation of electricity consumers, producers, and power system operators and energy market administrators in seamless end-to-end interactions for reliable, economically efficient, and environmentally friendly supply and utilization of electric energy. It is based on forward and spot transactions for supply, transport, and/or consumption of electricity between and among consumers, producers, energy service providers, aggregators, and system and market operators. Transaction quantities and/or prices may be fixed through bilateral arrangements, bid/ask matching, or a market clearing process at retail or whole- sale level. This panel examines the possibilities and limitations, as well as reliability and economic opportunities and risks, of extending the wholesale transactive operations to retail markets with a view
to and End-to-End Transactive Operation Framework.

Tags :
PES Members: Free
IEEE Members: $10.00
Non-members: $20.00
Please click 'Sign In' at the top of the page and log in with your IEEE Username and password. If you do not have an IEEE account, click 'Create Account' to create a FREE account to make a purchase. Alternatively, you can join IEEE and/or become a society member which will enable access to all materials; most of which are complimentary or discounted.