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Transactive Energy: Next Step in a New Energy Future? (Washington D.C. Meeting)
Thursday, February 20th, 2014, 9:30am - 12:00pm EST / Streamed Panel Discussion: 7:00am - 8:30am PST / 10:00am - 11:30am EST / 16:00 - 17:30 (Paris-Brussels)
Meeting in New York
This meeting will take place in Washington D.C.
Proliferation of physical infrastructure and data sources in the grid (distributed generation assets, microgrid systems, energy storage, demand response enabled smart meters and appliances, and more), has put pressure on the energy system to move away from a central utility or grid operator controlled model. Instead, focus has recently turned to “transactive energy”. Enabled by software, these interwoven and interconnected devices and systems would be parsed and managed by a flexible “free-market” based exchange which would not only account for physical assets but also be pegged to economic relations. In other words, it will entail “a set of economic and control mechanisms that allows the dynamic balance of supply and demand across the entire electrical infrastructure using value as a key operational parameter” (GridWise Architecture Council).
Defined as “a software-defined grid managed through market-based incentives to ensure grid reliability and resiliency,” a process that is “done with software applications that use economic signals and operational information to coordinate and manage devices' production and/or consumption of electricity in the grid,” transactive energy is the amalgamation of “technologies, policies and financial drivers in an active prosumer market where prosumers are buildings, EVs, microgrids, VPPs or other assets” (Smart Grid Dictionary). Though currently existing largely in theory and discussions, TE is poised to become a lynchpin concept in a new, distributed, and resilient energy model.
Given the breadth required by such a complex system of transactions, and its variable system sizes (a transactive energy system may exist within a smart building, campus, microgrid, or a larger grid), there are many pieces of the puzzle to be considered. For example, clear definition of key terms and concepts (e.g. “value”, which roughly equates to prices of generation, maintenance, operation etc.), is one such issue tackled by the GWAC’s recently released transactive energy framework. Transparent and comprehensive categorization will allow for a more integrated and better coordinated approach towards the commercialization of these technologies. GWAC also outlines the need for informational interoperability across the different parties and systems, as well as the “cyber-physical” infrastructure to realize such a complex system. This will require physical grids, wireless networks, data analytics and storage capabilities; whether current “soft grid” capacities can meet these requirements has yet to be fully flushed out.
In this meeting, experts will discuss the definition of transactive energy, a technological framework for the concept, and address some of the associated regulatory hurdles.
Rob Ruyak, Booz Allen Hamilton, Senior Associate, Strategic Innovations Group
Phil Davis, Schneider Electric, Senior Manager, Demand Response/ Smart Grid Resource Center
Paul Molitor,National Electrical Manufacturers Association (NEMA), Assistant Vice President
Doug Houseman, EnerNex, Vice President of Technical Innovation
Richard Walsh, Washington Gas Energy Services (WGES), Manager, Technical Energy Sales
John Marciano, Chadbourne & Parke, Partner (Moderator)