IEEE Power & Energy Magazine - May/June 2016 - 34

A Society
of Devices
By Koen Kok and
Steve Widergren

Integrating Intelligent
Distributed Resources
with Transactive Energy

S

Secure, clean, and efficient energy iS one
of the great societal challenges of our time. electricity as a
sustainable energy carrier plays a central role in the most
effective transition scenarios toward sustainability. to harness this potential, the current electricity infrastructure
needs to be rigorously re-engineered into an integrated
and intelligent electricity system: the smart grid. Key elements of the smart grid vision are the coordination mechanisms. in such a system, vast numbers of devices, currently
just passively connected to the grid, will become actively
involved in system-wide and local coordination tasks. in

Digital Object Identifier 10.1109/MPE.2016.2524962
Date of publication: 19 April 2016

34

ieee power & energy magazine

this light, transactive energy (te) is emerging as a strong
contender for orchestrating the coordinated operation of so
many devices.
the gridwise architecture council (gWac) defines te
as "a set of economic and control mechanisms that allows
the dynamic balance of supply and demand across the entire
electrical infrastructure using value as a key operational
parameter." We identify two key parts in this definition.
one is "using value as a key operational parameter," which
defines what makes the approach "transactive": operational
decisions are made through an exchange of value-based
information captured in transactions between participants.
the other, "across the entire electrical infrastructure,"
declares this approach feasible across the entire electricity
system, from the transmission level with its bulk generation

1540-7977/16©2016IEEE

may/june 2016



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