![]() It means decision-makers have a difficult task of determining the value these distributed resources provide to the grid, not just generation but also storage and demand response.Īnd automation is key in transactive energy marketplaces, Surampudy said: Owners of distributed resources set their devices to buy and sell automatically. Getting it all to work will require complex interaction among demand- and supply-side resources, rather than one-way price signals. But so-called peer-to-peer transactions are possible in the future if regulation allows. Today, most transactions either include utilities or involve resources owned by the same owner. ![]() The project will also evaluate blockchain, a digital ledger platform that verifies transactions and is often part of discussions about transactive energy. Transactive energy is a relatively new concept, and large-scale applications likely won’t be common in the next few years, said Medha Surampudy, a senior research associate at the Smart Electric Power Alliance, which recently released a report on transactive energy.Īmeren announced in March that it is partnering with Ontario-based software developer Opus One Solutions to test the marketplace, which resembles existing power markets at the wholesale level. Those customer-owned, distributed resources undercut utilities’ traditional role, but they also create new challenges and inefficiencies - ones that utilities of the future might be in a unique position to help solve.
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