Chapter 6

New emerging transactive energy technology in modernizing future hybrid energy networks

6.1 Introduction

Over the last years, energy trading has become a most popular strategy especially when renewable energy sources (RESs) are intended to be a key part of the energy generation sector [1]. The popularity of RESs is more identified after the primary efforts have been done to use distributed generators in the distribution system to promote decentralized energy generation [2]. This issue mostly backs to the addition of RESs led by the combination of technological advances and policy directives [3]. The power system faces huge uncertainties when it relies on RESs to give clean power output. However, creating massive flexible capacities ...

Get Emerging Transactive Energy Technology for Future Modern Energy Networks now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.