A group of scientists and policymakers have been tinkering for several years now with a potential revolutionary concept – transactive energy. The aim is to embed the price of electricity instantly in the electron as it courses down wires to the end user.
Forget about day-ahead rates – or power priced even five minutes in advance of consumption.
These pioneers are aiming to have electric price signals instantly available to usher in the most efficient possible use of energy.
The technology is daunting and hard to grasp.
At the GridWise Architecture Council annual transactive energy meeting in Portland, Ore. in December, I joked with Mark Knight, executive consultant of CGI Utilities and council member, about whether transactive energy could be boiled down to a tweet.
Knight rose to the challenge, crafting the following:
“TE utilizes economic & operational mechanisms to optimize an electric power system using distributed agent collaboration.”
Now that we may have found the Shakespeare of TE, I invited him to turn to haiku.
He instantly fired back two poems:
markets, control, and value
and economic value
We have the tweet and we have two haikus.
Can transactive energy be far behind?