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Transactive Energy – Business Models and Value Realization Session

Transactive Energy – Business Models and Value Realization Session. Transactive Energy Conference and Workshop 2013 Portland, Oregon May 23, 2013. Dian Grueneich Principal, Dian Grueneich Consulting California Public Utilities Commission Commissioner Emeritus Dian.grueneich@grueneich.com.

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Transactive Energy – Business Models and Value Realization Session

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  1. Transactive Energy – Business Models and Value Realization Session Transactive Energy Conference and Workshop 2013 Portland, Oregon May 23, 2013 Dian Grueneich Principal, Dian Grueneich Consulting California Public Utilities Commission Commissioner Emeritus Dian.grueneich@grueneich.com

  2. Transactive Energy • “[Refers] to techniques for managing the generation, consumption or flow of electric power within an electric power system through the use of economic or market based constructs while considering grid reliability constraints.” - GridWiseArchitecture Council’s Website (May 2013) • Framework includes not just the grid, but connecting systems (buildings, EVs)

  3. A Possible Valuation Framework Reliability Affordability Sustainability

  4. TransactiveEnergy – System Changes • What are the changes in each of these areas due to transactive energy? • Reliability – supplies more volatile, less grid operational control • Affordability – potential for cost savings with new technologies; massive new investments needed; stranded costs; stranded consumers (?) • Sustainability – energy efficiency, demand response, distributed energy resources, and IT have lower GHG emissions; firming resources matter; will system overbuild?; location matters

  5. Transactive Energy – Value Added • How does transactiveenergy provide value in each of these areas? • Reliability – means to incorporate new functions and controls; greater local and customer control possible • Affordability – forward pricing structures enable customer-side investments; low barriers to participation; new IT provides automation and can lower cost • Sustainability – societal benefits from large-scale clean DER adoption

  6. A Vision for TE Business Model and Value Realization Development • Create scenarios balancing reliability/affordability/ sustainability (RAS) • Develop open source, transparent modeling tools for analyzing scenarios • Understand outcomes and tradeoffs • Address changes needed in traditional regulatory framework to support changes in business and valuation models • Movement from siloed to integrated policy making • Development of enhanced analytical tools • Research on development of new markets, particularly at distribution level and integrated distribution/customer/transmission transactions • Facilitate uptake of new technologies (e.g., building automation, enhanced analytics using interval meter data) across market structures and players

  7. Questions? Dian Grueneich Principal, Dian Grueneich Consulting (510) 248-9788 Dian.grueneich@grueneich.com

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