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 new business and regulatory model, Transactive Energy
(TE), scales well. It can coordinate decisions across the full
spectrum of size and technology. It works equally well for
central power-plant planning and for smart home-appliance
operation. It supports both competitive pricing and cost-ofservice
pricing.
The TE 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.
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 new business and regulatory model, Transactive Energy
(TE), scales well. It can coordinate decisions across the full
spectrum of size and technology. It works equally well for
central power-plant planning and for smart home-appliance
operation. It supports both competitive pricing and cost-ofservice
pricing.
The TE 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.
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 new business and regulatory model, Transactive Energy
(TE), scales well. It can coordinate decisions across the full
spectrum of size and technology. It works equally well for
central power-plant planning and for smart home-appliance
operation. It supports both competitive pricing and cost-ofservice
pricing.
The TE 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.
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 new business and regulatory model, Transactive Energy
(TE), scales well. It can coordinate decisions across the full
spectrum of size and technology. It works equally well for
central power-plant planning and for smart home-appliance
operation. It supports both competitive pricing and cost-ofservice
pricing.
The TE 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.
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 new business and regulatory model, Transactive Energy
(TE), scales well. It can coordinate decisions across the full
spectrum of size and technology. It works equally well for
central power-plant planning and for smart home-appliance
operation. It supports both competitive pricing and cost-ofservice
pricing.
The TE 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.
This book is about applying fundamental business concepts to move our electric power markets to a new paradigm. The hear of the new paradigm is the use or 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 give way to the new model as the electric system evolves from centrally planned to a decentralized ecosystem. .
Our am by writing this book is to expedite Transactive Energy as the normal way of doing business -- globally. Transactive Energy is the keystone of an efficient, fair, and transparent electric power system.
