Transactive Energy Systems: Plugging into the Market of the Future
- Date
- August 20, 2019
- Time
- 12:00 PM EDT - 2:00 PM EDT
- Location
- Centre for Urban Innovation, Room CUI-219, 44 Gerrard St East, Toronto, ON M5B 1G3
- Contact
- Matthew Kerry at matthew.kerry@ryerson.ca
Seminar description
Traditionally, customers only interact with the grid to buy and receive electricity. With energy use and storage on the rise, there are opportunities for a two-way system, but there is no fluid market for selling back to the grid during peak or other times.
In this context, Ontario needs a flexible electricity marketplace for energy exchange. This requires a transactive energy framework at the distribution level as a base for negotiated contracts and economic benefits for components (such as storage devices and electric vehicles) in the system. A transactive energy system (TES) will revolutionize the market for electricity by creating local energy economies (neighbourhoods, towns, regions) and will enable the larger system to function more efficiently. A dynamic balance of supply and demand across Ontario’s electrical infrastructure can be achieved through a TES.
Since 2018, IESO research fellows Carlos Sabillon and Amr Adel have been developing a TES framework that includes agencies to control the market portion of the distribution system, aggregators to combine smaller assets that offer services to the grid, and industrial customers who can impact market price. In this seminar, Dr. Sabillon will share his insights so far and explain how this system will benefit Ontarians.
Tom Aagaard, Senior Advisor for Innovation, Research and Development at the Independent Electricity System Operator (IESO), will provide introductory remarks.
Speaker bios
Carlos Sabillon, IESO Research Fellow, Centre for Urban Energy
Dr. Carlos Sabillon received PhD and master's degrees in power system optimization from the São Paulo State University in Brazil and a bachelor's degree in electrical engineering from the National Autonomous University of Honduras.
Since joining CUE in 2018, Carlos has worked in projects for the Independent Electricity System Operator (IESO) analyzing the economic opportunity that renewable energy sources, electric vehicles, energy storage and intelligent loads can bring to distribution systems.
Carlos has authored or co-authored more than 20 research articles and industrial reports. He specializes in electric power systems with interests in the development of methodologies for the optimization, planning and control of transmission and distribution systems.
Tom Aagaard, Senior Advisor, Innovation, Research and Development, Independent Electricity System Operator
Tom has worked for the IESO and predecessor organization, the Ontario Power Authority, in a number of roles since 2011. Highlights include designing one of North America’s first “pay-for-performance” energy efficiency incentive programs, leveraging smart meter data to reward customers for energy savings, managing development of a Conservation and Demand Management Innovation Investment Strategy, and leading the relaunch of the IESO’s Conservation Fund as the Grid Innovation Fund informed by the strategy findings.
Tom is also a repeat guest lecturer at Ryerson University’s Energy Innovation and Entrepreneurship graduate course.
Program
12:00 p.m.
Registration, refreshments and networking
12:15
Seminar
1:00
Q&A
1:30–2:00
Networking
Accessibility
Ryerson is committed (opens in new window) to providing an accessible learning environment. Please let us know if we need to make any accessibility accommodations to ensure your inclusion in this event.
Notices
- Spaces are limited. Please register beforehand, using the Eventbrite link above, to secure your spot.
- Light refreshments will be served.
Presented in partnership with:
