Transactive Energy Systems: A New Market-Based Mechanism for Planning
- Date
- January 30, 2020
- Time
- 12:00 PM EST - 2:00 PM EST
- 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
Transactive Energy Distribution System (TEDS) planning requires a departure from traditional electricity distribution system expansion planning techniques. In this TEDS paradigm, a novel planning mechanism administered by a new neutral entity called the local distribution operator (LDO) is required. The proposed approach perfectly supports the future operation of TEDS which is set to comprise peer-to-peer (P2P) and peer-to-LDO (P2LDO) energy transactions.
In the third part of our IESO seminar series, IESO research fellow Dr. Amr Adel will present a comprehensive framework for a market-based mechanism for planning resource and network asset adequacy.
This innovative market-based mechanism considers offer bids for power capacity procurement, assets upgrading and demand bids to serve new loads while:
- being cognizant of P2P and P2LDO operations.
- benefitting from reduced assets requirements.
- allowing for a private asset ownership model.
- bringing a host of technical and economic benefits.
This process allows for a competitive procurement of assets hinged upon demand contracts with future customers.
Amr will be introduced by Patrick Lo, Senior Manager of Partnerships in Innovation, Research and Development at the IESO.
Speaker bios
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 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.
- This is the third part of our seminar series, focusing on our ongoing research with the Independent Electricity System Operator. In part one, Dr. Carlos Sabillon introduced transactive energy systems, and in part two, Jessie Ma made the business case for energy storage.