Transactive Energy Fundamentals

Transactive Energy Fundamentals

October 12, 2022 | Online :: Central Time

Transactive energy (TE) is the economic and control methods used to manage the exchange of energy within an existing power system. It is a concept that is used to improve the efficiency and reliability of the power system. This TE network structure allows for communication so that all levels of energy generation and consumption can interact with one another and is exponentially more complex than traditional control of generating sources. Register now to gain an understanding of the fundamentals of TE and real-world applications that will create an intelligent and interactive future for the industry.

Learning Outcomes

  • Discuss the TE background of changing industry goals of decarbonization, electrification, resilience to major disruptions, energy justice and equity 
  • Review technology developments, DER trends, and policy/regulatory framework to maximize benefits of DER
  • Describe some utility & regulator concerns that affect overall TE development
  • Expand on the transmission-distribution interface issues of high DER volumes and DER participation in ISO/RTO markets
  • Review the different applications of grid architecture principles
  • Discover Distribution System Operator (DSO) models and markets for distribution systems to be participatory networks
  • Review all the components of TE in a Distribution System Operator (DSO) as DER coordinator scenario
  • Analyze the value-based transactive exchange mechanisms
  • List some candidate devices and types of flexibility for DER participation and coordination
  • Review various example projects and applications of TE
  • Describe the current challenges for TE

Agenda

Wednesday, October 12, 2022 : Central Time

8:50 – 9:00 a.m.
Log In and Welcome

12:00 – 12:45 p.m.
Lunch Break

9:00 a.m. – 5:00 p.m.
Course Timing

 

Background of Transactive Energy

    • Changing societal goals for the electricity industry 
    • Decarbonization, electrification, resilience to major disruptions, energy justice and equity 

Transactive Energy Technology

    • DER trends — greater performance & lower cost
    • Attractiveness of on-site DER for customers
    • Need for policy/regulatory framework to maximize grid and societal benefits of DER

Distribution Utility & Regulator Concerns

    • DER impacts on traditional revenue models and operations
    • Need for a new distribution utility value proposition & business model for High-DER Future 

Transmission-Distribution Interface Issues

    • High DER volumes and DER participation in ISO/RTO markets

Application of Grid Architecture principles

    • Redefine distribution utility functions and revenue model
    • Utility-customer and utility-ISO relationships

Distribution System as a Participatory Network

    • Distribution System Operator (DSO) models
    • Distribution-level energy markets

The Distribution System Operator (DSO) as DER Coordinator

    • Need for modernizing DSO: historically passive and closer to DER integration and customers
    • New Distribution Operator Construct (DSO) and Distributed Systems Platform (DSP)
    • Transactive Energy Systems in coordinating supply and demand
    • Transactive Energy Systems Fundamentals
    • TE Definition and Principles
    • TE  System Attributes
    • Transactive Control and Coordination Architectures

Value-based Transactive Exchange Mechanisms

    • Definition of value
    • Prices to devices
    • Double auction
    • Bi-lateral or peer-to-peer
    • Connection to wholesale market
    • Comparison of real-time and day-ahead mechanisms

DER Participation and Coordination

    • Candidate devices and types of flexibility
    • Effective management of DERs
    • Competition between amenity and grid services

Example Transactive Energy Projects

    • Olympic Peninsula Pilot
    • Pacific Northwest Smart Grid Demo
    • PNNL Smart Campus
    • Large-scale simulation study: DSO+T

Current Challenges for Transactive Energy

    • Communication system requirements and cyber security
    • Customer-acquisition and support
    • Regulatory approval and appropriate rate structure
    • Integration with bulk power system

Instructors

Lorenzo Kristov, Ph.D., Electric System Policy, Structure, Market Design Consultant

Lorenzo is an independent consultant focusing on power system transition to integrate high levels of renewable generation and distributed energy resources (DER). Areas of expertise include wholesale power market design, DER participation in wholesale markets, coordination of transmission-distribution system operations, distribution system operator (DSO) models and distribution-level markets, microgrids and energy resilience strategies, and whole-system grid architecture. Lorenzo is currently a member of DOE’s Gridwise Architecture Council (GWAC) and consults in the US and internationally on DER integration into power systems. From 1999 to 2017 Lorenzo worked at California ISO as a principal in market design and infrastructure policy, where he was a lead designer of the locational marginal pricing (LMP) market system the CAISO implemented in 2009 and was project lead in redesigning CAISO’s transmission planning process and new resource interconnection procedures.


Dr. Trevor Hardy, Senior Power System Research Engineer, Pacific Northwest National Laboratory

Dr. Hardy is a Senior Power System Research Engineer for Pacific Northwest National Laboratory where his core research areas are co-simulation tool development and analysis along with transactive energy simulation and analysis. Prior to starting at the PNNL, he completed his PhD at Wichita State University in 2014 looking at economics of energy storage, did embedded system design for Cessna Aircraft Company, and was a semiconductor product engineer for Micron Technologies. He completed his bachelor’s degree 2001 at LeTourneau University

Trevor has been involved with transactive energy research for many years and has most recently been managing and developing PNNL’s Transactive Energy Simulation Platform, a software suite that combines simulation tools from the power and building system domains to model large scale and complex systems. Most recently the platform was used by PNNL to model the ERCOT interconnect from generators to customer loads to evaluate retail transactive real-time and day-ahead energy markets. Trevor is also involved with a PNNL economics team looking at using transactive principles to more equitably allocate energy during major system events when generation capacity is not sufficient to meet demand.


Sarmad Hanif, Power Systems Research Engineer, Pacific Northwest National Laboratory

Sarmad has done B.Sc., M.Sc., and Ph.D. in Electrical Engineering. His research interests include power systems optimization, power systems analysis, and power systems economics.

He has been involved with numerous research projects related to Transactive Energy Systems. To note a few, he has been involved in 1) a simulation study of the Texas grid (ERCOT-sized) for investigating a transactive distribution system operator (DSO+T), 2) research related to transactive systems to support grid resilience, and 3) theoretical TES constructs to support power system market operations.

 

Online Delivery

We will be using Microsoft Teams to facilitate your participation in the upcoming event. You do not need to have an existing Teams account in order to participate in the broadcast – the course will play in your browser and you will have the option of using a microphone to speak with the room and ask questions, or type any questions in via the chat window and our on-site representative will relay your question to the instructor.

  • IMPORTANT NOTE: After November 30 you will not be able to join a Teams meeting using Internet Explorer 11. Microsoft recommends downloading and installing the Teams app if possible. You may also use the Edge browser or Chrome.
  • You will receive a meeting invitation will include a link to join the meeting.
  • Separate meeting invitations will be sent for the morning and afternoon sessions of the course.
    • You will need to join the appropriate meeting at the appropriate time.
  • If you are using a microphone, please ensure that it is muted until such time as you need to ask a question.
  • The remote meeting connection will be open approximately 30 minutes before the start of the course. We encourage you to connect as early as possible in case you experience any unforeseen problems.

Register

Please Note: This event is being conducted entirely online. All attendees will connect and attend from their computer, one connection per purchase. For details please see our FAQ

If you are unable to attend at the scheduled date and time, we make recordings available to all registrants for three business days after the event

REGISTER NOW FOR THIS EVENT:

Transactive Energy Fundamentals

October 12, 2022 | Online
Individual attendee(s) - $ 895.00 each

Volume pricing also available

Individual attendee tickets can be mixed with ticket packs for complete flexibility

Pack of 5 attendees - $ 3,580.00 (20% discount)
Pack of 10 attendees - $ 6,265.00 (30% discount)
Pack of 20 attendees - $ 10,740.00 (40% discount)

Your registration may be transferred to a member of your organization up to 24 hours in advance of the event. Cancellations must be received on or before September 09, 2022 in order to be refunded and will be subject to a US $195.00 processing fee per registrant. No refunds will be made after this date. Cancellations received after this date will create a credit of the tuition (less processing fee) good toward any other EUCI event. This credit will be good for six months from the cancellation date. In the event of non-attendance, all registration fees will be forfeited. In case of conference cancellation, EUCIs liability is limited to refund of the event registration fee only. For more information regarding administrative policies, such as complaints and refunds, please contact our offices at 303-770-8800

CEUs

Credits

AP_Logo

EUCI is accredited by the International Accreditors for Continuing Education and Training (IACET) and offers IACET CEUs for its learning events that comply with the ANSI/IACET Continuing Education and Training Standard. IACET is recognized internationally as a standard development organization and accrediting body that promotes quality of continuing education and training.

EUCI is authorized by IACET to offer 0.7 CEUs for this event

Requirements for Successful Completion of Program

Participants must log in and be in attendance for the entirety of the course

Instructional Methods

Case Studies and Power Point presentations will be used for all learning outcomes


Upon successful completion of this event, program participants interested in receiving CPE credits will receive a certificate of completion.

Course CPE Credits: 8.5
There is no prerequisite for this Course.
Program field of study: Specialized Knowledge
Program Level: Basic
Delivery Method: Group Internet Based
Advanced Preparation: None

CpeEUCI is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org

 

Who Should Attend

  • Energy Policy Advisors and Analysts
  • Prosumers and grid-edge service and system providers
  • Micro-grid operators
  • Intelligent device and system integrators
  • Engineers, managers, and policy analysts from the utility industry
  • Facility managers and electrical engineers for campuses
  • State regulators and staff
  • County and municipal officials
  • Distributed generation industry
  • Combined heat and power industry
  • Renewable energy suppliers
  • Researchers and academics
  • Advanced metering vendors
  • Software vendors

By clicking Accept or closing this message, you consent to our cookies on this device in accordance with our cookie policy unless you have disabled them. more information

By clicking Accept or closing this message, you consent to our cookies on this device in accordance with our cookie policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them. We use cookies during the registration process and to remember member settings.

Close