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Article

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

1
Seminar für Komparative Wirtschaftsforschung, Ludwig Maximilians University Munich, D-80539 Munich, Germany
2
SLAC National Accelerator Laboratory, Menlo Park, CA 94025, USA
3
College of Engineering, Design & Computing, University of Colorado-Denver, Denver, CO 80204, USA
*
Author to whom correspondence should be addressed.
These authors contributed equally to this work.
Academic Editor: Carlos Henggeler Antunes
Energies 2021, 14(13), 3970; https://doi.org/10.3390/en14133970
Received: 24 May 2021 / Revised: 21 June 2021 / Accepted: 28 June 2021 / Published: 2 July 2021
(This article belongs to the Special Issue Innovation, Policy, and Regulation in Electricity Markets)
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. View Full-Text
Keywords: electricity; transactive energy; market-based dispatch; bidding functions; automated bidding electricity; transactive energy; market-based dispatch; bidding functions; automated bidding
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MDPI and ACS Style

Arlt, M.-L.; Chassin, D.P.; Kiesling, L.L. Opening Up Transactive Systems: Introducing TESS and Specification in a Field Deployment. Energies 2021, 14, 3970. https://doi.org/10.3390/en14133970

AMA Style

Arlt M-L, Chassin DP, Kiesling LL. Opening Up Transactive Systems: Introducing TESS and Specification in a Field Deployment. Energies. 2021; 14(13):3970. https://doi.org/10.3390/en14133970

Chicago/Turabian Style

Arlt, Marie-Louise, David P. Chassin, and L. L. Kiesling 2021. "Opening Up Transactive Systems: Introducing TESS and Specification in a Field Deployment" Energies 14, no. 13: 3970. https://doi.org/10.3390/en14133970

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