Transactive energy system: a review of cyber‐physical infrastructure and optimal scheduling

Yang, Jiakang; Li, Yong; Cao, Yijia; Tan, Yi; Rehtanz, Christian

doi:10.1049/iet-gtd.2018.6554

Cited by 20 publications

(12 citation statements)

References 81 publications

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“…The flexible case, on the other hand, cools homes over a longer period to mitigate the power surge. Although some homes will require more time to arrive at their respective FIGURE 11 Total power importation at the main substation set points, the extra time required is marginal, and the customer base will benefit from avoiding another possible power outage. The flexible case also restores the network in a more balanced way, as seen in Figure 14.…”

Section: Black Start Enhancement With Power Balancingmentioning

confidence: 99%

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Robust hierarchical dispatch for residential distribution network management considering home thermal flexibility and model predictive control

Rooks

Shi

et al. 2021

IET Generation Trans & Dist

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In the transactive energy (TE) paradigm, the devices of participative consumers, or prosumers, may be aggregated and employed to drive operational objectives at the network level. Home heating, ventilation and air-conditioning (HVAC) systems in particular are well-suited to modulate their behaviours based on both home thermal flexibility and requests from the utility grid. This paper develops a robust, hierarchical power dispatch scheme in the context of a residential distribution network. The formulation couples a unique, multiphase linear distribution optimal power flow (OPF) at the upper level with model predictive control (MPC)-based HVAC fleet controllers at the lower level. The proposed approach is tested on nearly 2000 homes with a three-phase distribution network in an intraday market setting, where two major applications are explored and analysed.

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Section: Black Start Enhancement With Power Balancingmentioning

confidence: 99%

“…This type of market‐driven, device‐to‐grid response is but one example in the transactive energy (TE) paradigm, which seeks to drive operational objectives using economic signals [10]. In the context of active distribution networks (ADN), operators and controllers can use price signals to modulate aggregated device response [11].…”

Section: Introductionmentioning

confidence: 99%

Robust hierarchical dispatch for residential distribution network management considering home thermal flexibility and model predictive control

Rooks

Shi

et al. 2021

IET Generation Trans & Dist

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“…The work presented in [32] reviewed distributed ledger technology and its application for TE systems. The cyber-physical infrastructure of a TE systems, and its characteristics, as well as scheduling methods of transactive agents are discussed in [33]. In [34], a bibliographical review on the researches and implementation of the TE concepts in power systems is provided.…”

Section: Literature Surveymentioning

confidence: 99%

Paving the Path for Two-Sided Energy Markets: An Overview of Different Approaches

et al. 2020

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The transition in the energy sector, initiated by increasing uptake of distributed energy resources (DER) and grid digitization, provides opportunities to improve energy efficiency through electricity market reformation. The development of a two-sided market allows delivering benefits of improved efficiency to energy customers. This paper discusses the opportunities and challenges related to transitioning to a two-sided energy market. The drivers to move toward a two-sided market, the benefits that this market can provide for different stakeholders, and enabling technologies for this transition are studied. An overview of different approaches that lay the groundwork for two-sided markets, including demand response (DR), virtual power plants (VPPs), peer-to-peer (P2P) trading, and transactive energy (TE) is provided. A classification of different approaches, along with examples of academic and industrial works, are presented to give some insights on the way each approach can pave the path to the market reformation. Finally, different approaches are compared and some of the challenges that need to be addressed in future works are identified. INDEX TERMS Demand response, distributed energy resources (DER), negawatt trading, peer-to-peer (P2P) trading, transactive energy (TE), two-sided market, virtual power plant (VPP).

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“…Table 1 compares topics discussed by this paper and previous literature reviews, including those for sharing economy in other sectors [10,11], peer-to-peer energy trading [12][13][14][15][16][17][18], and transactive energy [19][20][21][22][23]. These reviews adopt different terminology for energy sharing in a broad sense, partly due to the fact that "sharing" has a variety of semantic meanings with different conceptual emphases, such as communicating (sharing information), acting together (sharing responsibility), or giving out (sharing a cake).…”

Section: Introductionmentioning

confidence: 99%

Review of energy sharing: Business models, mechanisms, and prospects

Chen

Zhao

2022

IET Renewable Power Gen

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The development of distributed generation technology is endowing consumers the ability to produce energy and transforming them into "prosumers". This transformation shall improve energy efficiency and pave the way to a low-carbon future. However, it also exerts critical challenges on system operations, such as the wasted backups for volatile renewable generation and the difficulty to predict behaviour of prosumers with conflicting interests and privacy concerns. An emerging business model to tackle these challenges is energy sharing, whose concepts, structures, applications, models, and designs are thoroughly reviewed in this paper, with an outlook of future research to better realise its potentials.

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Transactive energy system: a review of cyber‐physical infrastructure and optimal scheduling

Cited by 20 publications

References 81 publications

Robust hierarchical dispatch for residential distribution network management considering home thermal flexibility and model predictive control

Robust hierarchical dispatch for residential distribution network management considering home thermal flexibility and model predictive control

Paving the Path for Two-Sided Energy Markets: An Overview of Different Approaches

Review of energy sharing: Business models, mechanisms, and prospects

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