Transactive energy revolution: Innovative leverage for reliable operation of modern energy networks—A critical review
Abstract The electric industry is developing towards a more efficient, reliable, and resilient electric power network. In this way, utilizing distributed energy resources (DERs), especially renewable DERs (RDERs) are a paradigm change. DERs offer many advantages in power systems, including transmiss...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2022-11-01
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| Series: | IET Renewable Power Generation |
| Online Access: | https://doi.org/10.1049/rpg2.12536 |
| _version_ | 1797894148980736000 |
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| author | Yahya Kabiri‐Renani Mohammadreza Daneshvar Behnam Mohammadi‐Ivatloo |
| author_facet | Yahya Kabiri‐Renani Mohammadreza Daneshvar Behnam Mohammadi‐Ivatloo |
| author_sort | Yahya Kabiri‐Renani |
| collection | DOAJ |
| description | Abstract The electric industry is developing towards a more efficient, reliable, and resilient electric power network. In this way, utilizing distributed energy resources (DERs), especially renewable DERs (RDERs) are a paradigm change. DERs offer many advantages in power systems, including transmission loss reduction, environmental benefits of RDERs, and enhancement of security, reliability, and resiliency of the network. However, high penetration of DERs increases uncertainty and challenges the efficient and reliable operation of the power system. This paper provides a thorough review of the transactive distribution platform which is essential to address the aforementioned challenges. This distribution platform includes a transactive distribution system operator providing a seamless and coordinated control to dynamically balance supply and demand and follow uncertain generations of RDERs. Indeed, this review paper highlights the capability of transactive energy (TE) by considering its key aspect in providing energy sharing opportunities for the integration of DERs into smart grids (SGs). TE is acombination of economic and control methods that enable optimum, reliable, sustainable, and efficient operation of SGs. Furthermore, a fully transactive framework offers more choices for DERs to control and manage the energy transactions in the retail market, as well as improves the inter operability among various market players. |
| first_indexed | 2024-04-10T07:04:13Z |
| format | Article |
| id | doaj.art-b8932b2cc5494ddfa74f8147a533d54e |
| institution | Directory Open Access Journal |
| issn | 1752-1416 1752-1424 |
| language | English |
| last_indexed | 2024-04-10T07:04:13Z |
| publishDate | 2022-11-01 |
| publisher | Wiley |
| record_format | Article |
| series | IET Renewable Power Generation |
| spelling | doaj.art-b8932b2cc5494ddfa74f8147a533d54e2023-02-27T11:06:21ZengWileyIET Renewable Power Generation1752-14161752-14242022-11-0116153368338310.1049/rpg2.12536Transactive energy revolution: Innovative leverage for reliable operation of modern energy networks—A critical reviewYahya Kabiri‐Renani0Mohammadreza Daneshvar1Behnam Mohammadi‐Ivatloo2Department of Electrical Engineering, Faculty of Engineering University of Isfahan Isfahan IranFaculty of Electrical and Computer Engineering University of Tabriz Tabriz IranFaculty of Electrical and Computer Engineering University of Tabriz Tabriz IranAbstract The electric industry is developing towards a more efficient, reliable, and resilient electric power network. In this way, utilizing distributed energy resources (DERs), especially renewable DERs (RDERs) are a paradigm change. DERs offer many advantages in power systems, including transmission loss reduction, environmental benefits of RDERs, and enhancement of security, reliability, and resiliency of the network. However, high penetration of DERs increases uncertainty and challenges the efficient and reliable operation of the power system. This paper provides a thorough review of the transactive distribution platform which is essential to address the aforementioned challenges. This distribution platform includes a transactive distribution system operator providing a seamless and coordinated control to dynamically balance supply and demand and follow uncertain generations of RDERs. Indeed, this review paper highlights the capability of transactive energy (TE) by considering its key aspect in providing energy sharing opportunities for the integration of DERs into smart grids (SGs). TE is acombination of economic and control methods that enable optimum, reliable, sustainable, and efficient operation of SGs. Furthermore, a fully transactive framework offers more choices for DERs to control and manage the energy transactions in the retail market, as well as improves the inter operability among various market players.https://doi.org/10.1049/rpg2.12536 |
| spellingShingle | Yahya Kabiri‐Renani Mohammadreza Daneshvar Behnam Mohammadi‐Ivatloo Transactive energy revolution: Innovative leverage for reliable operation of modern energy networks—A critical review IET Renewable Power Generation |
| title | Transactive energy revolution: Innovative leverage for reliable operation of modern energy networks—A critical review |
| title_full | Transactive energy revolution: Innovative leverage for reliable operation of modern energy networks—A critical review |
| title_fullStr | Transactive energy revolution: Innovative leverage for reliable operation of modern energy networks—A critical review |
| title_full_unstemmed | Transactive energy revolution: Innovative leverage for reliable operation of modern energy networks—A critical review |
| title_short | Transactive energy revolution: Innovative leverage for reliable operation of modern energy networks—A critical review |
| title_sort | transactive energy revolution innovative leverage for reliable operation of modern energy networks a critical review |
| url | https://doi.org/10.1049/rpg2.12536 |
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