Grid Edge 23 Tutorial: Unlocking the Potential of Transactive Energy (Slides)

This tutorial will emphasize the potential of Transactive Energy (TE) through the California Flexible Unified Signal for Energy (CALFUSE) program to improve the reliability and efficiency of the power grid with a focus on FERC 2222. TE is a system of energy management that utilizes a combination of economic and control techniques to coordinate the operation of a large number of new intelligent assets, such as distributed solar, energy storage, EVs, and responsive building loads to provide the flexibility needed to operate the power grid reliably and at minimum cost, particularly one filled with intermittent renewable generation. FERC 2222, issued in the United States, aims to remove barriers and provide incentives for integrating distributed energy resources (DERs) into wholesale energy markets. The ruling requires Regional Transmission Organizations (RTOs) and Independent System Operators (ISOs) to develop and implement rules and tariffs that allow DERs to participate in wholesale energy markets. CPUC's Advanced Strategies for Demand Flexibility Management and Customer DER Compensation introduced the CALFUSE policy roadmap for the state of California in 2022 consists of six key policy elements, all intended to be available on an opt-in basis. This rule allows several DE assets to aggregate in order to satisfy minimum size and performance requirements that each may not be able to meet individually.