Transactive Energy Retail Applications
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Transactive Energy Retail Applications

  • Grid balancing
  • Transactive energy in retail markets
  • Forward and spot transactions

Exploring the potential for a transactive retail tariff

As renewables proliferate, new tools are needed to manage the deployment of storage systems and the development of other customer equipment that automatically adjusts demand as supply fluctuates. The goal of grid balance is to address increasing amounts of variable generation, loads, and storage while maintaining grid reliability. Transactive energy (TE), which combines market forces and control techniques to achieve grid balance, is an efficient and cost-effective approach for addressing some of the challenges around integration of renewable generation.

This paper introduces a retail TE approach and a transactive retail tariff (TRT) that can best accommodate two-way transactions between retail customers and energy and distribution services providers.

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