
46 Smart Grid Conference 2014 (SGC’14) - Grid Renovation Workshop
Wholesale vs. Retail Transactive Techniques
(Continued)
• Lessons learned from bulk power operations and wholesale
energy markets can be applied to distributed resources,
demand response, retail markets, and distribution system
operations. These include:
– Scheduling and dispatch of demand-side resources with economic
and reliability based objectives
– Distribution congestion management and capacity reservations
– Distribution capacity auction to hedge against limited distribution
capacity
– Variable Generation balancing using demand-side resources –
scheduling and operational considerations
• Except for Energy, products transacted in wholesale markets
and used for bulk power operation do not have a corresponding
counterpart in retail markets and distribution operations
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