Transactive Energy Systems Research Articles

Optimal Scheduling for Prosumers in Coupled Transactive Power and Gas Systems

To help the integration of various distributed energy resources (DERs), this paper proposes a transactive approach to the optimal scheduling for prosumers in coupled energy systems. DERs are coordinately operated in the form of a virtual power plant (VPP), which actively participates in the day-ahead and real-time electricity market, as well as the wholesale gas market. In the day-ahead electricity and wholesale gas markets, a VPP aims to maximize expected profits by determining the unit commitments and hourly scheduling of DERs. In the real-time balancing market, a VPP adjusts DER schedules to minimize imbalance costs. In this paper, we address the energy conversions between electric power and gas loads and investigate the interacting operations of gas and power systems. Our simulation results show that hierarchical, coordinated power and gas scheduling can identify more accurate operation plans for coupled transactive energy systems.

Cybersecurity and Power Electronics: Addressing the Security Vulnerabilities of the Internet of Things

The Internet of Things (IoT) has led the way to smarter and ultimately more efficient cyberphysical systems (CPSs). An example of such a CPS includes motor drives connected to a computer network controlling industrial processes. Another example is a recent European Union regulation that may enable utility customers to become energy suppliers-i.e., the formation of transactive energy (TE) systems or energy local area networks (E-LANs) formed by integrated smart energy nodes cooperating to accomplish system goals.

Stochastic Impacts of Metaheuristics from the Toaster to the Turbine [Technology Leaders

Okay, let's be honest-there's pretty much nothing on metaheuristics in this article other than one short section, so don't let the title distract you. The focus of this issue of IEEE Electrification Magazine and of this article is on understanding and demonstrating how transactive energy systems can have an impact on nonbulk power applications. So what does that include? Well, as it turns out, a lot. The bulk power system with its larger generators and high-voltage transmission lines requires lots of planning, investment, and maintenance. These are assets that have lives measured in decades, and much of their topology is relatively fixed. The bulk system is also well monitored and heavily networked, i.e., there are multiple paths for the electricity to flow, and therefore alternative paths for power flow in the event of a disturbance.

Transactive Energy Systems [Viewpoint

TESs are a scalable, flexible approach to designing and implementing efficient, reliable, and resilient electrification systems, both large and small scale. They can be implemented within a single building or home, across a campus, or across an entire region, as shown by previous demonstrations and current projects. Because of their ability to address both interoperability issues and optimization and management issues, they're an important technique for future electrification designs and will become even more practical as the process of understanding and assigning value to flexible DER and system objectives (both business and operational) matures. Ultimately, they should enable a broad range of operational, business, regulatory, and incentive models to be supported by future systems.

The Changing Electrical Landscape: End-to-End Power System Operation Under the Transactive Energy Paradigm

The Electric Industry Landscape is undergoing significant changes due to the increased use of intermittent renewable resources at both the bulk-power and distribution levels, the emergence of new technologies, and the increased participation of distributed and demand-side capabilities in power system operations. Two major complementary developments are gaining momentum to help address the challenges associated with the emerging industry landscape: a new distribution system operator (DSO) construct and the transactive energy (TE) systems framework.

Transactive energy – the future is already here

Transactive energy has been touted as the next big thing and a way to create energy markets for large numbers of consumers with home generation and smart devices but it is not the first time this type of approach has been proposed. Homeostatic control, in 1981, was an early attempt to use economics to coordinate system operation and even before that it was predicted that the energy marketplace of the future would change the basic nature of control strategies. Transactive energy systems will play a big part of the electricity future and indeed are already a part of it today. The systems used by independent system operators for managing regional markets are transactive in nature but as more and more changes occur at the edge of the grid, how will the system create the flexibility to manage the increasing variability in both loads and generation? Transactive energy systems promote grid resiliency by fostering investments in customer-owned generation, aggregated demand management, and economic benefits to participating parties. Regulatory, utility, policy-maker, and customer behaviour will be modified by the confluence of technological capabilities and economic opportunities.