Chapter,
Transactive energy in power systems: concepts, techniques and applications
,
Editors:
DOI:
Contributors
Wu Q.
0000-0001-7935-2567
[2]
Affiliations
- [1] University of Wisconsin-Milwaukee [NORA names: United States; America, North; OECD];
- [2] Technical University of Denmark [NORA names: DTU Technical University of Denmark; University; Denmark; Europe, EU; Nordic; OECD]
Abstract
Transactive energy is a novel concept and emerging techniques for the resource coordination of electric power systems. By negotiating contracts between various components, transactive control techniques are believed to enable the optimal integration of distributed resources while maintaining the power system reliability. This article introduces the concepts, basic idea and state-of-the-art of transactive energy and transactive control. A detailed optimization model based transactive control solution for a flexible demand management problem is described. The content of the article will give a clearer picture of the transactive energy technologies in the advanced operations of electric power systems.
Keywords
Coordinated control,
Demand response,
Distributed control,
Distributed energy resources,
Market based method,
Power system,
Renewable energy sources,
Smart grid,
Transactive control,
Transactive energy
