True Analytics™ - Energy Savings, Comfort, and Operational Efficiency
Principals of Transactive Energy
Building toward Transactive Microgrids Everywhere
Many Automated Buildings readers are headed to the Fourth International Conference and Workshop on Transactive Energy Systems in Portland, Oregon, on June 13 - 15 2017 (TESC17). Transactive Energy is the future of smart energy and grids, a cooperative model whereby buildings participate in grid supply and grid stability.
Transactive energy uses markets to schedule the delivery of services over time. Each service is supplied by a node on a grid (or microgrid). Distributed energy resources and distributed energy resource aggregates can be such nodes. Even an entity that solely consumes power can participate in Transactive Energy; consuming power at the right time is a market service just as is the power supply.
There will be many market models for Transactive Energy. Some areas will use local markets run by the traditional distribution utilities, who will be a party to every transaction. Some locations will allow peer-to-peer trading between buildings and sites. Some sites will use transactive energy internally as a “driver” to a battery storage management system, leaving the internal controls of managing battery cells and systems to the battery makers.
This year, I cannot make it to TESC—so I am presenting some key principles this month to take into this conference.
And most important
are in essence restatements of the principles of Service Oriented
Architecture (SOA). They enable consumer choice and rapid evolution of
technologies within each “node” or microgrid. Honoring them is the way
to remove barriers to building system integrators making quick sales
and putting technology into the field.
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