
53 Smart Grid Conference 2014 (SGC’14) - Grid Renovation Workshop
Transactive Control from Interaction of Price
Discovery & Customer Bidding Algorithms
Indoor
Temperature
$/kWh
T
air
Pbid
More
Comfort
More
Savings
Transactive Cooling Thermostat
User Adjusts Tmin, Tmax, and Price Elasticity k
T
nt
Pav
Tmax
Tmin
Slope = Elasticity k
Price is normalized: P* = [ P – mean(P) ] / σ(P)
Ppt
Load
(kW)
Price ($/kWh)
Individual Demand
Curve (customer bid)
Ppt
Qpt
Pbid
Pav
Q0
Qav
Load
(MW)
Price
($/MWh)
Demand Curve
(customer bids)
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