Transactive Energy

  • As DER penetration increases, they can no longer be treated as passive supply/storage/demand on the grid, under minimal levels of monitoring and control as well as static pricing schemes.
  • A platform model in the form of an “energy internet” is required to network DERs in terms of distributed energy, distributed controls, and distributed business models using technical and economic mechanisms.
  • Presents a solution from the “utility death spiral”, turning stressors in today’s business models into new revenue and service opportunities.
  • Creates a vibrant multi-sided retail market and operating platform to support a high penetration of DERs, with today’s utilities as the physical network provider and the emergence of transactive system operators (which may be the utilities themselves or independent).
  • Ability to compute the true locational marginal value of DERs on a dynamic network topology using the network model.
  • Creating a cascaded multi-time frame market with pricing based on quantified locational marginal values.
  • Enabling peer-to-peer and DER-to-platform transactions.
  • GridOS DERMS forecasts, optimizes and computes the dynamic locational marginal values/impacts of each DER on the dynamic network model. Locational marginal values are quantified financially.
  • A market is implemented to transact locational marginal values as contract pricing or consisting of bids and offers. Market platform is a structured as a cascaded multi-time frame market, consisting of day-ahead, hour-ahead, 15-min ahead, 5 min ahead and event-driven products and services.
  • Additional platform services are provided, such as analytics and automated dispatch.