Overview on Transactive Energy—Advantages and Challenges for Weak Power Grids

Yuly V. Garcia, Oscar Garzon, Carlos J. Delgado, Jan L. Diaz, Cesar A. Vega Penagos, Fabio Andrade (), Adriana C. Luna and J. C. Hernandez
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Yuly V. Garcia: Electrical and Computer Engineering Department, University of Puerto Rico at Mayaguez, Mayaguez, PR 00680, USA
Oscar Garzon: Electrical and Computer Engineering Department, University of Puerto Rico at Mayaguez, Mayaguez, PR 00680, USA
Carlos J. Delgado: Electrical and Computer Engineering Department, University of Puerto Rico at Mayaguez, Mayaguez, PR 00680, USA
Jan L. Diaz: Electrical and Computer Engineering Department, University of Puerto Rico at Mayaguez, Mayaguez, PR 00680, USA
Cesar A. Vega Penagos: Electrical and Computer Engineering Department, University of Puerto Rico at Mayaguez, Mayaguez, PR 00680, USA
Fabio Andrade: Electrical and Computer Engineering Department, University of Puerto Rico at Mayaguez, Mayaguez, PR 00680, USA
Adriana C. Luna: Electrical and Computer Engineering Department, University of Puerto Rico at Mayaguez, Mayaguez, PR 00680, USA
J. C. Hernandez: Department of Electrical Engineering, University of Jaén, Campus Lagunillas s/n, Edificio A3, 23071 Jaén, Spain

Energies, 2023, vol. 16, issue 12, 1-19

Abstract: This document lists some challenges that researchers face when implementing transactive energy in weak power grids. These challenges often include high voltage fluctuations, limited generation, high line loadability, and unbalanced grids. The operation of transactive energy, as well as optimization techniques, are also considered, highlighting the performance and functionalities depending on power grid characteristics and market topology. Some of the most used optimization techniques for market clearing, considering the characteristics and topology, are presented as part of the research work.In addition, this paper compares different market topologies and highlights their advantages and challenges. Furthermore, this paper contains a brief description of the interoperability frameworks applied to a smart grid.As a result, it was determined that interoperability is necessary for the proper functioning of the grid. Moreover, all methods were found to be effective for their purpose from the user’s point of view as each technique has different characteristics relevant to the user and the grid. It was concluded that it is convenient to combine the optimization techniques to consider different constraints in the market clearing.

Keywords: interoperability; markets topologies; transactive energy; optimization techniques (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: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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