Opening Up Transactive Systems: Introducing TESS and Specification in a Field Deployment

Marie-Louise Arlt, David P. Chassin and L. Lynne Kiesling
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Marie-Louise Arlt: Seminar für Komparative Wirtschaftsforschung, Ludwig Maximilians University Munich, D-80539 Munich, Germany
David P. Chassin: Seminar für Komparative Wirtschaftsforschung, Ludwig Maximilians University Munich, D-80539 Munich, Germany
L. Lynne Kiesling: College of Engineering, Design & Computing, University of Colorado-Denver, Denver, CO 80204, USA

Energies, 2021, vol. 14, issue 13, 1-22

Abstract: Transactive energy systems (TS) use automated device bidding to access (residential) demand flexibility and coordinate supply and demand on the distribution system level through market processes. In this work, we present TESS, a modularized platform for the implementation of TS, which enables the deployment of adjusted market mechanisms, economic bidding, and the potential entry of third parties. TESS thereby opens up current integrated closed-system TS, allows for the better adaptation of TS to power systems with high shares of renewable energies, and lays the foundations for a smart grid with a variety of stakeholders. Furthermore, despite positive experiences in various pilot projects, one hurdle in introducing TS is their integration with existing tariff structures and (legal) requirements. In this paper, we therefore describe TESS as we have modified it for a field implementation within the service territory of Holy Cross Energy in Colorado. Importantly, our specification addresses challenges of implementing TS in existing electric retail systems, for instance, the design of bidding strategies when a (non-transactive) tariff system is already in place. We conclude with a general discussion of the challenges associated with “brownfield” implementation of TS, such as incentive problems of baseline approaches or long-term efficiency.

Keywords: electricity; transactive energy; market-based dispatch; bidding functions; automated bidding (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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