DEVELOPMENT, ANALYSIS, AND DEMONSTRATION OF TRANSACTIVE ENERGY MARKET MECHANISMS FOR DECENTRALIZED COORDINATION OF ENERGY RESOURCES WITHIN CLUSTER OF SUSTAINABLE GRID-INTERACTIVE BUILDINGS

Abstract

This thesis supports transformation of commercial buildings to grid-interactive demand centres and active electricity market participants by becoming responsive to electricity pricing plans and providing grid services for supporting energy sustainability through different market mechanisms. Transactive Energy principles are employed for the design of proposed market mechanisms which utilize pricing as an enabler to influence the customer energy consumption pattern or behaviour. The benefits of this approach are maintaining privacy of decision making and scalability. A cyber-physical energy node with distributed energy resources and building energy management system is designed, built, and demonstrated to coordinate different electrical resources within a commercial building. A local aggregator market is developed for studying coordination of electrical resources among a cluster of buildings. The control of centralized air conditioning system has been studied for participation on Singapore’s Demand Response Market. A blockchain-based peer-to-peer electricity market is also proposed to enable bilateral negotiations and product differentiation.