
44 Smart Grid Conference 2014 (SGC’14) - Grid Renovation Workshop
Transactive Energy
• Definition
– “Transactive energy approaches use economic or
market based constructs to manage the generation,
consumption or flow of electric power within an
electric power system while considering grid
reliability constraints.”
Proceedings of the 2nd GridWise® Architecture Council Workshop on Transactive Energy. ww.gridwiseac.org
• Some Key Characteristics
– Coordinated distributed decision making
– End-to-End coverage from wholesale markets to end-
use devices
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