Transactive energy is emerging with the growth of prosumers in the market and activities such as peer-to-peer trading and flexibility provision.
Enabled by the internet and smart grid, the goal of transactive energy is that all actors can participate and make trading decisions in real time. This is an ambitious vision and represents a complex technological challenge for all parties - consumers, utilities and product developers.
As such, this was a key topic of discussion at Engerati’s inaugural Meet on transactive energy. Providing insight on transactive energy use cases for utility business models, Juan Prieto Moris, Head of Energy Prosumer Solutions at technology consultants Indra, told Engerati that a sector roadmap of use cases is essential for participants to advance transactive energy.
Commenting that as transactive energy use cases are not yet mature, Moris says that there is a need for a “more incremental approach” to bring the necessary degree of disruption to the sector. “It’s about the tools rather than the technology and we need to be highly disruptive to help customers recognise how to model and build new use cases.”
To this end, Indra has developed a framing tool, with the first step designing a technical overlay on which to build the use cases.
“Some use cases will be business as usual today, but if we construct them together with the correct technical pieces and easing the interoperability between prosumers and the distribution systems operator (DSO), we will be able to realise the new transactive models.”
Transactive energy technology
Turning to the technology, Moris says the main platform that should be put in place is a real-time common data space.
“It needs to be real-time to maintain grid stability and it needs to be common to allow all partners to have access for asset monitoring. It’s not about cloud or a particular hardware, but about a common layer of interoperability to build the use cases.”