2016
DOI: 10.1109/mpe.2016.2524964
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A Tale of Two Visions: Designing a Decentralized Transactive Electric System

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Cited by 105 publications
(56 citation statements)
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“…As the proportion of dispatchable demand-side resources increases in the distribution network, they are expected to provide flexibility to the grid in the form of valuable energy services [16]. These flexible resources could be a fleet of DERs that constitute a virtual battery (VB), solar PV arrays, or advanced distribution feeders schemes act as a VB resource.…”
Section: Introductionmentioning
confidence: 99%
“…As the proportion of dispatchable demand-side resources increases in the distribution network, they are expected to provide flexibility to the grid in the form of valuable energy services [16]. These flexible resources could be a fleet of DERs that constitute a virtual battery (VB), solar PV arrays, or advanced distribution feeders schemes act as a VB resource.…”
Section: Introductionmentioning
confidence: 99%
“…Market-driven operation of the electric distribution system has recently gained considerable research momentum due to an increasing deployment of various distributed energy resources (DERs) such as renewable energy sources (RESs), electrical energy storages (EESs), dispatchable distributed generation (DG) units, and load aggregators (LAs) [1][2][3][4]. With value as the key operation parameter, transaction-based modeling of DERs in the distribution system operator's (DSO's) market is becoming increasingly popular [2].…”
Section: Introductionmentioning
confidence: 99%
“…Typically seen hierarchically layered, the independent system operator (ISO) in the top layer, acting as the wholesale market auctioneer, would consider every DSO as a pricing node that operates locational marginal price (LMP) markets [1]. In the lower layer, the DSO may use forecasted or post-wholesale market dispatches and LMPs to implement a similar energy auction within its own territory, and properly perform in the wholesale market bidding.…”
Section: Introductionmentioning
confidence: 99%
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