2016
DOI: 10.1007/s40565-016-0256-x
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From demand response to transactive energy: state of the art

Abstract: 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 … Show more

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Cited by 241 publications
(108 citation statements)
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References 31 publications
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“…Previous literature has addressed the coordinated dispatch of a fleet of distributed devices in comparable problem frameworks. Prior approaches can be broadly clustered into three categories: optimal control, mean-field control [4]- [6] and transactive energy [7]- [10]. Our approach lies in the first category and we directly optimise power flows between storage and the grid via explicit feedback policies.…”
Section: A Backgroundmentioning
confidence: 99%
“…Previous literature has addressed the coordinated dispatch of a fleet of distributed devices in comparable problem frameworks. Prior approaches can be broadly clustered into three categories: optimal control, mean-field control [4]- [6] and transactive energy [7]- [10]. Our approach lies in the first category and we directly optimise power flows between storage and the grid via explicit feedback policies.…”
Section: A Backgroundmentioning
confidence: 99%
“…According to [21], DR programs are categorized into incentive-based DR (IBDR) (e.g. emergence demand response program, direct load control, interruptible/curtailable service, ancillary service market, capacity market, and demand bidding) and price-based DR (e.g., time-of-use, real time pricing and critical peak pricing).…”
Section: Introductionmentioning
confidence: 99%
“…Each prosumer makes intelligent decisions on when and how much to purchase, consume, store, or sell energy, thereby opening the door to competitive energy transactions among peer prosumers as they opt to trade energy directly and freely [65]. Accordingly, prosumers' enhanced market role lays the foundation for implementing a fully decentralized energy trading system [66].…”
Section: Application Scenario: Cyber-secure Transactive Energy Managementioning
confidence: 99%