Chapter 7

Applications of transactive energy technology in the multi-carrier energy network modernization

7.1 Introduction

Today's energy grid witnesses faster changes in different layers from energy generation to distribution [1]. The need for such changes can be the first ambiguity that can depend on which perspective we look at it from. The ever increasing demand for energy is one of these viewpoints that affects all layers of the system and forces energy planers to relook the energy structure by applying the necessary changes. Indeed, this issue drives the system to increase the capacity of energy generation, transmission, and distribution. However, approaching each of the aforementioned sectors and successfully reaching to required ...

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