Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/165106
Title: Transactive energy systems in active distribution networks: a comprehensive review
Authors: Zou, Yunyang
Xu, Yan
Feng, Xue
Naayagi, R. T.
Soong, Boon Hee
Keywords: Engineering::Electrical and electronic engineering
Issue Date: 2022
Source: Zou, Y., Xu, Y., Feng, X., Naayagi, R. T. & Soong, B. H. (2022). Transactive energy systems in active distribution networks: a comprehensive review. CSEE Journal of Power and Energy Systems, 8(5), 1302-1317. https://dx.doi.org/10.17775/CSEEJPES.2021.03290
Project: EDGEGC2018-003 
Journal: CSEE Journal of Power and Energy Systems 
Abstract: Increasing penetration of distributed energy resources (DERs) introduced by different stakeholders, poses an immense challenge to power network operators. The traditional direct control of local DERs has the risk of violating preferences and privacies of stakeholders. A promising solution for supply-demand coordination is to utilize a transactive energy (TE) based energy management method to indirectly coordinate the local DERs, which enables the distribution-level energy providers, consumers, and prosumers to trade energy with each other through a transactive energy system (TES) trading platform. This paper provides a comprehensive review of a TES and presents a detailed classification from different perspectives, including TES participants, structure, commodity, clearing method, and solution algorithm. The presented detailed component-scale classification can be used as a reference for future TES designs. Finally, two additional market tools, i.e., penalty mechanism and loss allocation mechanism, are discussed as future focus areas, which can be seen as necessary complements to a TES for ensuring feasibility and fairness of energy trading.
URI: https://hdl.handle.net/10356/165106
ISSN: 2096-0042
DOI: 10.17775/CSEEJPES.2021.03290
Schools: School of Electrical and Electronic Engineering 
Rights: © 2021 CSEE. Published by Chinese Society for Electrical Engineering. This is an open-access article distributed under the terms of the Creative Commons Attribution License.
Fulltext Permission: open
Fulltext Availability: With Fulltext
Appears in Collections:EEE Journal Articles

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