This book is about applying fundamental business concepts to move our electric power markets to a new paradigm. The heart of the new paradigm is the use of forward and spot transactions to guide investment and operating decisions. The current paradigm is regulated cost-of-service and centralized resource optimization. This old paradigm will gradually give way to the new model as the electric system evolves from centrally planned to a decentralized energy ecosystem. The Transactive Energy model embodies four big ideas: There are two products: energy and transport services. Forward transactions are used to manage risk and coordinate investment decisions. Spot transactions are used to coordinate operating decisions. All parties act autonomously.... solely as an accounting procedure, and requires no special metering, or even any prior arrangement or notification. ... From Wikipedia, the free encyclopedia Related Glossary Terms Drag related terms here Index Find Term Chapter1anbsp;...
|Author||:||Stephen Barrager, Ph.D., Edward Cazalet, Ph.D.|
|Publisher||:||Baker Street Publishing, LLC - 2014-08-04|