Abstract
This project is aimed at creating a transactive energy market to address the challenges faced by utility providers when increasing distributed energy resource (DER) adoption in their service area. One major challenge is mitigating export back to the grid during times of excess production. The transactive energy market operates at the distribution level and balances the supply and demand on the feeder, thus maintaining a zero-energy export at the primary feeder head. The market participants in this case are the residential customers on the feeder, who bid into the market. Building controls are then optimized based on the settled price. Market performance was demonstrated in this study by simulating different levels of DER penetration on a selected Pepco feeder. The feeder successfully achieved a zero export while providing cost-effective electricity to the participants, demonstrating that this market design can enable high DER penetration on existing feeders.
Original language | American English |
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Number of pages | 40 |
DOIs | |
State | Published - 2022 |
Bibliographical note
Produced under direction of Exelon by the National Renewable Energy Laboratory (NREL) under TSA-19-01234NREL Publication Number
- NREL/TP-5500-78673
Keywords
- buildings
- DER
- energy blockchain
- transactive energy market