Economics Working Papers

Publication Date

10-5-2018

Number

18004

Abstract

The increasing deployment of distributed energy resources (DERs) is disrupting every aspect of power system operations, from retail distribution to wholesale production and transmission. This paper reports on the development of an agentbased test system enabling the study of new transactive energy system (TES) designs to ensure the reliable efficient operation of integrated transmission and distribution (ITD) systems with growing DER penetration. This ITD test system is used to explore the ability of a non-profit Distribution System Operator (DSO), participating within an ITD system, to use an innovative TES design to manage the power usage of DER devices in accordance with the local goals and constraints of DER owners, and to extract flexible ancillary services from DER devices in return for appropriate market-based compensation.

JEL Classification

C6, C8, D04, Q4

Version History

Original Release Date: February 28, 2018

Revision Submitted: August 16, 2018

Latest Release Date: October 5, 2018

Departments

Department of Economics, Iowa State University

File Format

application/pdf

Length

17

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