Revista UIS Ingenierías

Vol. 23 No. 1 (2024): Revista UIS Ingenierías
Articles

Transactive Energy: An Overview of Concepts and Applications in the Energy Transition Context

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  • David Erazo-Caicedo ,
  • Andrea Cusva-García ,
  • Nicanor Quijano ,
  • Guillermo Jiménez-Estévez
David Erazo-Caicedo
Universidad de Los Andes
Andrea Cusva-García
Universidad de Los Andes
Nicanor Quijano
Universidad de Los Andes
Guillermo Jiménez-Estévez
Universidad de Los Andes
DOI: https://doi.org/10.18273/revuin.v23n1-2024002

Published 2024-01-17

Keywords

  • transactive energy,
  • energy communities,
  • water-energy-food nexus,
  • multi-energy systems,
  • sharing economy,
  • market clearing,
  • local energy markets,
  • peer-to-peer,
  • distributed energy resources,
  • non-conventional sources of renewable energy
    • ...More
    Less

How to Cite

Erazo-Caicedo , D. ., Cusva-García , A. ., Quijano , N., & Jiménez-Estévez, G. . (2024). Transactive Energy: An Overview of Concepts and Applications in the Energy Transition Context. Revista UIS Ingenierías, 23(1), 11–24. https://doi.org/10.18273/revuin.v23n1-2024002

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Abstract

The high penetration of distributed renewable resources requires integration strategies that ensure a balance between supply and demand. Transactive energy (TE) comprises a set of mechanisms capable of achieving this objective by using value as an operational parameter. This paper presents a review of the state of the art in TE, aiming to provide the reader with a general overview of concepts and applications. To accomplish this, the document offers a review of market and operational structures, with a particular focus on the role of TE in the composition of local energy markets. Furthermore, an analysis of the value concept in energy is proposed as a linking element between two current topics of academic interest: multi-energy systems and the water-energy-food nexus. Finally, some international and national pilot projects are showcased, allowing for the identification of the practical validity of the concepts described.

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