Transactive Energy Applications of eIoT

Abstract

The previous chapters have situated the development of eIoT within an ongoing transformation of the electric power grid. In response to several energy-management change drivers, the grid periphery will be activated with an eIoT composed of network-enabled physical devices, heterogeneous communication networks, and distributed control and decision-making algorithms that are organized by well-designed architectures and standards. When these factors are implemented together properly, they form an eIoT control loop that effectively manages the technical and economic performance of the grid. This control loop is most consonant with an emerging concept of transactive energy (TE).