Using a Transactive Energy Framework: Providing Grid Services from Smart Buildings

Abstract

Proliferation of renewable energy resources at bulk power and distributed energy resources (DERs) at distribution and prosumer/grid-edge levels give rise to power system operational issues for both transmission and distribution operators. At the bulk power/transmission operation level, these changes create the need for higher levels of ancillary services and new types of grid services (flexibility reserves, synthetic damping and inertia, etc.). At the distribution operation level, in addition to conventional feeder relief and protection schemes, the need for new grid services such as phase balancing and grid-edge reactive and voltage support is emerging.