2021 PES ISGT NA 2/18 Panel Video: Transactive Energy Systems for Resiliency Applications

Over the past few years, the application of transactive energy systems (TES) during normal grid operations has been explored extensively. However, the application of TES for abnormal grid operating conditions, such as contingencies, has not been explored much. The TES designed for economic operations may not work directly during such contingency situations because grid contingencies are often driven by the criticality of service restoration. Since power system operations involve risks and uncertainties ranging from forecast errors to natural disasters (e.g., hurricanes, tornados, cyber-attacks) which can potentially affect large portions of the system, proper TES designs that can engage DERs during grid abnormal grid operating conditions can add many benefits for both DERs and system operators. This panel will bring expertise from national laboratories, industry, and academia to discuss a) whether TES can be used as resiliency resource, b) what must happen for a transactive energy system to change course to apply TES during resiliency events.