The View from the Top of the Mountain: Building a Community of Practice with the GridWise Transactive Energy Framework

Forfia, David; Knight, Mark; Melton, Ronald B.

doi:10.1109/mpe.2016.2524961

Cited by 80 publications

(37 citation statements)

References 2 publications

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“…This paper proposes a four-layered framework based on the GWAC TE framework for P2P energy trading among sellers and buyers in distribution network [3]. Sellers are prosumers with excess energy having their own objective to maximize their revenue in the market, whereas buyers can be either prosumers or consumers.…”

Section: P2p Market Platformmentioning

confidence: 99%

“…Increasing level of DERs confronts the grid with significant consequences, which introduces new challenges for distribution system operators [2]. Power distribution system needs a new framework to facilitate the use of DERs by enabling them to join traditional providers in production, buying and selling electricity [3]. Transactive Energy (TE) is such a novel framework and according to the GridWise Architecture Council (GWAC) is defined as "a system of economic and control mechanisms that allows the dynamic balance of supply and demand across the entire electrical infrastructure using value as a key operational parameter".…”

Section: Introductionmentioning

confidence: 99%

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Design of auction‐based approach for market clearing in peer‐to‐peer market platform

Khorasany

Mishra

Ledwich

2019

J. eng.

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This paper designs a market platform for Peer-to-Peer (P2P) energy trading in Transactive Energy (TE) systems, where prosumers and consumers actively participate in the market as seller or buyer to trade energy. An auction-based approach is used for market clearing in the proposed platform and a review of different types of auction is performed. The appropriate auction approach for market clearing in the proposed platform is designed. The proposed auction mechanism is implemented in three steps namely determination, allocation and payment. This paper identifies important P2P market clearing performance indices, which are used to compare and contrast the designed auction with different types of auction mechanisms. Comparative studies demonstrate the efficacy of the proposed auction mechanism for market clearing in the P2P platform.

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Section: P2p Market Platformmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Design of auction‐based approach for market clearing in peer‐to‐peer market platform

Khorasany

Mishra

Ledwich

2019

J. eng.

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“…Reference [48] argues that existing bulk power markets are also examples of transactive energy systems, because prices and economic signals are used in these markets to drive economic efficiency and balance supply and demand. Wholesale power markets in California, Texas, and New York maintain the real-time balance in power supply and demand through largely centralized operations, such as security constrained economic dispatch (SCED) [49][50][51].…”

Section: State Of the Art Of Transactive Energymentioning

confidence: 99%

From demand response to transactive energy: state of the art

Chen

Liu

2016

J. Mod. Power Syst. Clean Energy

246

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This paper reviews the state of the art of research and industry practice on demand response and the new methodology of transactive energy. Demand response programs incentivize consumers to align their demand with power supply conditions, enhancing power system reliability and economic operation. The design of demand response programs, performance of pilot projects and programs, consumer behaviors, and barriers are discussed. Transactive energy is a variant and a generalized form of demand response in that it manages both the supply and demand sides. It is intended for a changing environment with an increasing number of distributed resources and intelligent devices. It utilizes the flexibility of various generation/load resources to maintain a dynamic balance of supply and demand. These distributed resources are controlled by their owners. However, the design of transaction mechanisms should align the individual behaviors with the interests of the entire system. Transactive energy features real-time, autonomous, and decentralized decision making. The transition from demand response to transactive energy is also discussed.

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“…These emission factors were established using the expert judgment of a large group of inventory experts and are still considered valid. Since not many measurements of these types of emission factors are available, the uncertainty ranges are set at plus or minus a factor of three [6,17,18]. Table 3 shows the default emission factors for different fuel types that are consumed in Dire Dawa.…”

Section: Baseline Greenhouse Gas Emission Calculationsmentioning

confidence: 99%

“…When the light stops, the electricity stops. Many PV have been in continuous outdoor operation on Earth or space for over 30 years [4,17].…”

Section: Solar Potential Of Dire Dawamentioning

confidence: 99%

Estimation of Greenhouse Gas Emissions and Mitigation Methods in Electrical Power Sector of Dire Dawa City from 2015 to 2025

Gont¹

2018

JENR

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This manuscript reviews and compares the results of recent greenhouse gas (GHG) emission life-cycle analyses.Specific attention is paid to fossil energy technologies and renewable energy technologies (RETs). It is therefore desirable for GHG emissions under national, regional and international mitigation policies to be accounted for over its entire life-cycle. The results presented here indicate that the most significant GHG avoidance (in absolute terms) can be made from technology substitution. The introduction of advanced fossil fuel technologies can also lead to improvements in life-cycle GHG emissions. Overall, hydro, nuclear, solar and wind energy technologies can produce electricity with the least life-cycle global warming impact. The advantage of using renewable resources for energy production from conventional resources scarcity and power system reliability point of view is too much. Using renewable resources specially wind and solar are becoming common in developing countries for electrifying the remote and rural areas where grid electrification is economically infeasible. This research work shows an investigation that uses a combination of solar and wind energy as hybrid system (HPS) for electrical generation in Dire Dawa. The generated electricity has been utilized for different purposes. The system has also integrated a diesel generator to be more reliable. This system is not linked with conventional energy. The total energy consumption of each household is 29.44 kWh/day. Measurements included the solar radiation intensity, the ambient temperature and the wind speed was collected from national meteorology agency which was collected for 15 years. To simulate the hybrid power system (HPS) HOMER was used. Emissions and renewable energy generation fraction (RF) of total energy consumption are calculated as the main environmental indicator. The net present cost (NPC) and cost of energy (COE) are calculated for economic evaluation. It is found that, for Dire Dawa climates, the optimum results of HPS show a 93.73% reduction of emissions with 99% of renewable energy fraction.

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The View from the Top of the Mountain: Building a Community of Practice with the GridWise Transactive Energy Framework

Cited by 80 publications

References 2 publications

Design of auction‐based approach for market clearing in peer‐to‐peer market platform

Design of auction‐based approach for market clearing in peer‐to‐peer market platform

From demand response to transactive energy: state of the art

Estimation of Greenhouse Gas Emissions and Mitigation Methods in Electrical Power Sector of Dire Dawa City from 2015 to 2025

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