Flexible Bidding of Electric Energy Storage for Retail Day-Ahead Transactive Market
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Battery, day-ahead electricity market, energy stor↗
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Results for “Transactive Energy System”
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Simplified Transactive Distribution Grids for Bulk Power System Mechanism Development
As distributed energy resources and smart devices become omnipresent in the electrical power grid, transactive energy control mechanisms are evolving. From real-time to day-ahead markets, these transactive energy algorithms involve more and more agents, whose behavior is going to affect the transmission and generation network. In order to study the interaction between the wholesale and retail energy markets, extensive co-simulations are performed. To be able to redesign, evaluate, and verify new control algorithms, the simulations need to provide results in a fast and reliable manner. This work has built and tested a transactive distribution grid model, the DSO-Stub, meant to offer a configurable distribution retail market while ensuring the computational burden is not significantly increased.
Transactive Energy, , Distribution System Operator↗
Reduced Order Model of Transactive Bidding Loads
Transactive energy (TE) has been identified to provide better grid efficiency and reliability by market-based transactive exchanges between energy producers and energy consumers. Simulations of TE systems are crucial to evaluate the benefits and impacts of different transactive mechanisms. However, such simulations can be time consuming due to the information exchange between various participants and complex co-simulation environments. In this paper, we develop a reduced order model to speed up the simulation of transactive systems in TE simulation platform (TESP) while achieving very low error between the reduced order and full model results. Specifically, the developed reduced order model consists of an aggregate responsive load agent which utilizes two Recurrent Neural Networks (RNNs) with Long Short-Term Memory units (LSTMs) to enable transactive elements to collectively participate in the TE system. The proposed aggregate responsive load (ARL) agent is able to produce similar transactive behaviors to the full simulation model while achieving significant simulation time reduction. Finally, we also show that the developed model enables generalization of simulation results across different dates and across different number of loads included in the simulations.
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DSO+T: Valuation Methodology and Economic Metrics (DSO+T Study: Volume 4)
This report summarizes a rigorous valuation analysis methodology used by the Distribution System Operator with Transactive (DSO+T) study to estimate the financial benefits and costs of adopting Transactive Energy coordination of distributed energy resources for key stakeholders (for example distribution system operators and customers). This was achieved by modeling the value exchanges between stakeholders and determining the annualized costs and revenues experienced by stakeholders, enabling the evaluation of overall impact on stakeholder’s annualized cash flow. Extensive work was conducted developing methods to estimate the operating costs of distribution system operators at a level of granularity that would allow the financial impact of implementing a transactive energy approach to be estimated. This work included developing parametric models for labor and software costs, distribution system capital and maintenance costs, growth rates, and factors to determine annualized costs of capital investments. Simulation results were used to calculate wholesale energy costs and revenues from retail sales. Valuation analysis methods were also developed for other stakeholders including customers, the transmission system operator, independent system operator, and generators. The resulting capability allows a complete mapping of the flow of financial value between stakeholders that can be directly integrated with the results of demand flexibility simulations. Example results are provided for a business-as-usual case and compared to a transactive energy case as well as to actual cost data.
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Transactive Energy Rationing in an Islanded Electric Power System
A battery energy storage system (BESS) has been installed on Nantucket Island to provide service continuity during the N-1 contingency of partial electricity supply interruption from the mainland. During the N-2 contingency of complete interruption from the mainland, most of the loads will have to be disconnected so that a combustion gas turbine (CTG) can supply critical facilities. This work proposes an alternative transactive rationing mechanism that would provide some service to all of the loads, and still fully serve the critical loads, through market-based control during the N-2 contingency. A BESS operating strategy is proposed that would enhance the transactive rationing mechanism. The necessary enabling changes to communication systems, controls and utility tariffs are discussed, along with some ancillary benefits.
transactive energy, power distribution, energy sto↗
Federated Architecture for Secure and Transactive Distributed Energy Resource Management Solutions (FAST-DERMS)
This document provides system-level specifications for a federated architecture for secure and transactive distributed energy resource management solutions (FAST-DERMS), presents a solution, and describes operational concepts for the proposed solution. FAST-DERMS enables the provision of reliable, resilient, and secure transmission and distribution (T&D) grid services through the scalable aggregation and near-real-time management of utility-scale and small-scale distributed energy resources (DERs). We first present the principles and objectives of FAST-DERMS. Then, after discussing important system concepts, we present the specifications for FAST-DERMS and a solution that employs a distributed and federated control methodology in which the DERs connected to a single point of common coupling with the rest of the system, such as individual substations, are optimized coordinately to provide system-level grid services. FAST-DERMS aims to aggregate and coordinate the operations of DERs to support T&D grid operations. The key optimization and control component of this FAST-DERMS reference implementation is a flexible resource scheduler (FRS) that aggregates the DERs within a substation service area. These FRSs operate at the substation level and perform constrained economic dispatch of DERs, either directly or through a transactive market or aggregator, as shown in Figure ES-1. An FRS Coordinator at the distribution system operator (DSO) level aggregates distribution substations operated by FRSs and interfaces with the transmission system operator (TSO) to provide transmission services. FAST-DERMS also allows for the integration of the FRS Coordinator with an existing distribution utility management system that could be employed by the DSO to enhance distribution grid operations.
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A Real-World Test Distribution System With Appliance-Level Load Data for Demand Response and Transactive Energy Studies
Not Available
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Transactive Emergency Power Allocation
The devastating impacts of extreme weather events, many of which are climate-change related, are increasingly evident through the frequency and duration of outages on power grids, especially the distribution systems. One of the major modern-day concerns of utilities is dealing with such extreme supply outages where operators have used rolling blackouts as a contingency plan balance supply and demand while serving critical loads. Such events have significant repercussions social and economic costs. Such blackouts practices are a blunt instrument, depriving customers with low-capacity high-priority loads (i.e. refrigeration, water, telecommunication, etc.) that provide high marginal amenity. Our contribution presented in this work is a transactive emergency allocation mechanism that would provide some minimum level of service to all of the customers while enabling preference-based trading of this initial allocation. This is in contrast to the state-of-art TE mechanisms that allocate resources to customers solely based on their willingness-to-pay. The effectiveness of the proposed mechanism is demonstrated through simulation-based evaluation on a prototypical distribution system experiencing 12-hour scarcity-based emergency event due to extreme operating conditions. Simulation results clearly demonstrate the capability of the proposed transactive emergency allocation mechanism in effectively utilizing the available energy and providing some level of service to all customers to operate their high-priority loads throughout the extreme scarcity event while being economically efficient in allowing trading of allocation based on customer preferences.
transactive energy, power system economics, emerge↗
DSO+T: Integrated System Simulation (DSO+T Study: Volume 2)
This report summarizes an integrated co-simulation model used by the Distribution System Operator with Transactive (DSO+T) study to represent an electrical generation, delivery, and end-load systems for the purposes of assessing the viability and value proposition of transactive energy coordination of flexible assets versus a business-as-usual case. The integrated co-simulation model includes the bulk generation and transmission system, including the day-ahead and real-time scheduling and dispatch of thermal generators. Forty distribution system operators were modelled in detail, including tens of thousands of residential and commercial buildings and their flexible end-loads. These included HVAC systems, residential water heaters, electric vehicles, and stationary, behind-the-meter, batteries. Both wholesale market and end-load results for the business-as-usual case are presented and compared to actual ERCOT system data to assess the accuracy and representativeness of the resulting model.
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The Transactive Energy Network Template Metamodel
While transactive energy, which is defined as an allocation of electricity based on dynamically discovered values or prices, has been extensively studied, its uptake and use has been slow. This report describes a tool, the transactive network template, which should hasten the creation and uptake of transactive energy networks. Some basic principles of transactive energy are familiar from existing wholesale electricity markets. Locational prices are calculated today for zones within bulk electric transmission systems. Locational prices differ while accounting for the locational costs of electricity generation and the losses and constraints incurred when electricity is transmitted from generators and distributed to consumers. A transactive energy network might include these transmission zones. However, current research strives to apply transactive energy also in electricity distribution circuits, buildings, and even for individual generating and consuming devices. At the same time, researchers explore how to apply transactive energy in real time during increasingly shorter time intervals. Automated computational agents become necessary as transactive energy becomes applied to smaller circuit zones and at faster dynamic timescales. A transactive energy network is an example of a multi-agent system. Each zone in the network is represented by its transactive agent, which makes decisions for and acts on behalf of a business entity that is responsible for and manages one of the circuit regions. A transactive energy network is also an example of a decentralized, distributed control system. Control decisions and responsibilities are distributed among the network’s transactive agents. The transactive agents are independent; that is, there typically is no centralized authority or oversight function. Instead, transactive agents exchange transactive signals and thereby negotiate the prices and quantities of electricity that they will exchange. Initially, the circuit regions and responsibilities of transactive agents appear to be very dissimilar. Each circuit region may comprise transmission, distribution, or building-level circuits. Each has a unique position and electrical connectivity within the transactive energy network. Each possesses unique assets that either generate or consume electricity, and these (e.g., renewable energy generator, diesel generator, aggregate utility load, building load, space conditioning, refrigerator, etc.) may further differ in their price flexibility and in their strategies for responding to dynamic electricity prices. Given such diversity, an implementer’s first inclination might be to start from scratch to define all these devices and to engineer their seemingly unique interactions. Given that each implementer’s perspective may be narrow within a transactive energy network, it is unlikely that uniquely engineered systems would interact well. This is where the transactive network template is applicable. The transactive network template is a metamodel that has been developed to guide implementers as they configure their own transactive agent within a network of such agents. The object-oriented design of the transactive network template provides basic code object types that may be used and extended by implementers to represent each of the assets in their circuit region. These objects further facilitate the transactive agent’s necessary computations, which are divided among responsibilities to schedule power usage, balance electric supply and demand, and coordinate the exchange of electricity with the other transactive agents. This report addresses the conceptual transactive network template design. Implementers are directed to more formal design documents and reference implementations. A Python™-based1 reference implementation of the transactive network template has been coded, and three implementations have been configured to represent a national laboratory and two university campuses. Version 2 of the transactive node template generalizes the market class and its methods to facilitate multiple, and more diverse market coordination mechanisms than were facilitated by and demonstrated using Version 1. Version 3 includes new Appendix B, which addresses the designs of methods that would make dynamic prices track approved electricity rates. In the future, the author wishes to make the transactive network template more generally applicable to networks that require more accurate power flow. Development of the transactive network template is jointly funded by the U.S. Department of Energy (DOE) Energy Efficiency and Renewable Energy and the DOE Office of Electricity. In late 2015, one of the first projects to be funded by the DOE Grid Laboratory Modernization Laboratory Consortium was the Clean Energy and Transactive Campus project, led by Pacific Northwest National Laboratory. DOE funds were matched by an investment by the Washington Department of Commerce through its Clean Energy Fund. The transactive network template was developed to guide the implementation of transactive energy networks within this project’s scope.
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Transactive Implementation of Decentralized Electricity Market for Grid-Edge Systems
The electricity landscape is evolving towards more decentralized approaches due to the proliferation of distributed energy resources and the participation of increasingly smart consumers and producers (prosumers). Recent advances in information and communication technologies and smart metering, provides strategic opportunities for “prosumers” to reform their conventional energy practices towards more consumer-centric economies. From an operational perspective, managing power distribution networks is becoming more difficult with such active grid-edge systems providing limited to no visibility or control. Transactive Energy (TE) has been emerging as a key enabler towards effectively and efficiently integrating prosumers into competitive electricity markets. This work presents a transactive implementation of community-centric markets. A co-simulation framework is developed for evaluating the proposed market structure with high-fidelity models. Case studies on the IEEE-123 node test system demonstrate that community-centric transactive markets can enable communities of prosumers to operate collaboratively as grid-edge systems. The potential benefits of implementing community-centric TE systems are also illustrated.
transactive, microgrids, centralized market operat↗
DSO+T: Transactive Energy Coordination Framework (DSO+T Study: Volume 3)
This report describes a transactive energy coordination scheme designed to integrate into existing day-ahead and real-time wholesale energy markets. This scheme was evaluated in the Distribution System Operator with Transactive (DSO+T) study to assess the engineering and economic performance of the transactive energy coordination of a large-scale deployment of distributed energy resources (DER). Transactive agents were developed for a range of DERs (heating, ventilation, and air conditioning units, water heaters, batteries, and electric vehicles) that optimize flexibility over a 48-hour horizon and adjust their strategy in response to changes in real-time prices. A transactive energy coordination scheme, executed by a DSO retail market operator, aggregates these DER bids from participating customers and clears them against a DSO supply curve using a double auction market mechanism. The process of constructing the price-quantity DSO supply curve includes distribution-level transportation constraints (for example, substation congestion limits) and forecast locational marginal price of the DSO’s connected transmission node. The resulting day-ahead and real-time quantities are then bid into a competitive wholesale market operated by an independent system operator. This report also details additional capabilities for proper marketplace simulation such as wholesale price, weather, and load forecasting. The report concludes with a discussion of lessons learned and key design features required to ensure successful operation.
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VOLTTRON™ Agent Development for Enabling Reactive Power Support of Non-Utility DERs by Integrating Transactive Energy Approach
To enable better voltage regulation in power systems with high penetration of photovoltaics (PV) and other distributed energy resources (DERs), future inverters are required to provide reactive power support to the grid in addition to providing real power generated by PV panels. This paper develops a framework that coordinates the support from DER-based inverters, which are grid-connected non-utility assets, by using a transactive energy approach. Results of the implementation demonstrate participation of DER-based inverters can be achieved by using the coordination between distributed controllers and a centralized controller. With the transactive energy approach, both the customer and utility can achieve benefits that meet their individual needs.
Kritprajun, Paychuda↗
Feasibility Analysis of Converter-Interfaced Combined Heat and Power System
As a promising new design concept, the converter-interfaced combined heat and power (CHP) system is coupled to the bulk grid through a rectifier and a grid-ready tied inverter. Compared to the traditional directly-coupled CHP system, it removes the requirement for oversizing the CHP generator, limits the short-circuit contribution of the generator and simplifies the grid integration process of CHP system. This paper evaluates the economic benefits of this concept by calculating the annualized Return-on-Investment (ROI) and comparing it to the directly-coupled system. The economic analysis includes timeseries simulations to compute energy transactions with the bulk grid as well as sizing the equipment to calculate the capital and operational costs. Obtained results indicate that in majority of user cases evaluated, the converter-interfaced CHP systems can provide better ROI than directly-coupled systems. Given the additional technical benefits provided by inverter-based distributed energy resources (DERs), the proposed concept is proved to be technically viable and economically feasible.
03 NATURAL GAS↗
Evaluation and Demonstration of Blockchain Applicability Framework
Blockchain technology has been gaining great interest from a variety of industry sectors, including financial, food processing, and power and energy markets. Realizing the strength of blockchain technology beyond the successful application in the cryptocurrency arena, researchers have been evaluating and using blockchain for applications such as supply chain management, transactive industry (both financial and energy), system integrity, device cybersecurity, identity management, and much more. One of the unique elements of the blockchain technology that made it such a captivating technology to researchers is its plethora of features. Some of the features include smart contracts, cryptocurrency and tokenizing, immutable distributed ledger, cryptographic hashing, and digital signature. In addition, there are multiple types of blockchains, such as permissioned/private and permissionless/public, and various consensus models, such as proof-of-work, proof-of-authority, proof-of-burn, and proof-of-stake. Therefore, it is often non-trivial to determine if an application requires a blockchain. If so, what kind of blockchain and consensus is most appropriate? This paper discusses the blockchain applicability framework (BAF), which was specifically designed with the purpose to answer those questions. BAF is divided into five domains, 18 subdomains, and about 100 controls. It is designed to ingest detailed user requirements to perform a weighted evaluation that is built on mathematical constructs to determine the ideal combination of blockchain that is appropriate for an application. Along with the core logical formulation of BAF, this paper depicts the efficacy of BAF through two use cases
Gourisetti, Sri Nikhil G.↗
Implementing multi-settlement decentralized electricity market design for transactive communities with imperfect communication
Recent advances in information and communication technologies and smart metering, provides strategic opportunities for ``prosumers" to reform their conventional energy practices towards more consumer-centric economies. From an operational perspective, managing power distribution networks is becoming more difficult with such active grid-edge systems providing limited to no visibility or control. Transactive Energy (TE) has been emerging as a key enabler towards effectively and efficiently integrating prosumers into competitive electricity markets. This work presents a transactive implementation of community-centric markets. A co-simulation framework is developed for evaluating the proposed market structure with high-fidelity models. Case studies on the IEEE-123 node test system demonstrate that community-centric transactive markets can enable communities of prosumers to operate collaboratively as grid-edge systems. The potential benefits of implementing community-centric TE systems are also illustrated.
Mukherjee, Monish↗
Allocation Mechanisms in Rationed Markets
Economic theory has come to play an important role in power system operations through the design of wholesale markets that are central to their operation. Furthermore, transactive energy places economic theory as a cornerstone in its operational concept as it seeks to integrate the technical needs of the power system with the preferences of its participants. Traditionally the mechanism employed is the continuous double-auction but de-pending on the circumstances the power system find itself in, this mechanism may or may not be the most appropriate, i.e. a one-size fits all market institution cannot be recommended without regard for the features of the underlying trading environment. This paper seeks to explain the economic rationale that guides the choice of a market institution and takes recourse to a theoretical demonstration in the context of a rationed power system scenario where demand exceeds generation (due to any number of events such as outages, microgrid operation, etc) and electrical energy must be rationed to better understand which types of mechanisms are most appropriate.
transactive energy, power system economics, econom↗
Building Energy Systems as Behind-the-Meter Resources for Grid Services: Intelligent load control and transactive control and coordination
To mitigate the impacts of climate change, significant reductions in emissions from all sectors of the economy are needed. The electricity generation sector has embarked on an ambitious plan to include renewable generation as part of its decarbonization efforts, and many cities and states are mandating all-electric buildings. While renewable resources will reduce emissions, they are not dispatchable, they vary temporally, and their generation is uncertain. Under these conditions, traditional approaches to managing grid reliability, where supply follows demand, will not be efficient and may not be cost-effective. Further, there is a more efficient alternative for balancing the supply–demand imbalance and for absorbing variability and uncertainty of renewable energy using distributed energy resources (DERs) as opposed to reserve generation. Because buildings consume more than 75% of total U.S. annual electricity consumption, behind-the-meter (BTM) DERs have a load flexibility of 77 GW of power and 90 GWh of virtual energy storage capacity nationwide (Kalsi, 2017). Therefore, some portion of the supply–demand imbalance can be met by these DERs at a lower cost compared to business-as-usual solutions.
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