Transactive Energy Techniques for End-to-End Power System Operation

The Transactive Energy framework involves principles, techniques, technologies, and systems for active participation of electricity consumers, producers, and power system operators and energy market administrators in seamless end-to-end interactions for reliable, economically efficient, and environmentally friendly supply and utilization of electric energy. It is based on forward and spot transactions for supply, transport, and/or consumption of electricity between and among consumers, producers, energy service providers, aggregators, and system and market operators. Transaction quantities and/or prices may be fixed through bilateral arrangements, bid/ask matching, or a market clearing process at retail or whole- sale level. This panel examines the possibilities and limitations, as well as reliability and economic opportunities and risks, of extending the wholesale transactive operations to retail markets with a view to and End-to-End Transactive Operation Framework.