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47 Smart Grid Conference 2014 (SGC’14) - Grid Renovation Workshop
Transactive Control: Definitions
Transactive Control
A single, integrated, smart grid incentive signaling approach utilizing an
economic signal as the primary basis for communicating the desire to change
the operational state of responsive assets.
Transactive node
A physical point within an electrical connectivity map of the system.
Electrical energy flows through a transactive node.
Transactive Incentive Signal (TIS)
A representation of the actual delivered cost of electric power at a specific
system location (e.g., at a transactive node). Includes both the current value
and a forecast of future values.
Transactive Feedback Signal (TFS)
A representation of the net electric load (responsive and unresponsive) at a
specific system location (e.g., at a transactive node) based on the balance of
power flowing into, out of and consumed at the node. Includes both the
current value and a forecast of future values.
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