Decentralized Coordination through Digital Technology, Dynamic Pricing, and Customer-Driven Control: The GridWise Testbed Demonstration Project

David P. Chassin; Lynne Kiesling

doi:10.1016/j.tej.2008.09.002

Decentralized Coordination through Digital Technology, Dynamic Pricing, and Customer-Driven Control: The GridWise Testbed Demonstration Project

David P. Chassin, Lynne Kiesling

Paula M. Trienens Institute for Sustainability and Energy

Research output: Contribution to journal › Article › peer-review

28 Scopus citations

Abstract

The project highlights the idea that technology-enabled decentralized coordination can achieve the same, or better, economic and reliability benefits when compared to utility-focused centralized physical and economic control. Among the design's unique features was a retail double auction with five-minute market-clearing intervals that included residential customers as direct, active market participants.

Original language	English (US)
Pages (from-to)	51-59
Number of pages	9
Journal	Electricity Journal
Volume	21
Issue number	8
DOIs	https://doi.org/10.1016/j.tej.2008.09.002
State	Published - Oct 2008

ASJC Scopus subject areas

Energy (miscellaneous)
Law
Management of Technology and Innovation
Business and International Management

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10.1016/j.tej.2008.09.002

Cite this

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abstract = "The project highlights the idea that technology-enabled decentralized coordination can achieve the same, or better, economic and reliability benefits when compared to utility-focused centralized physical and economic control. Among the design's unique features was a retail double auction with five-minute market-clearing intervals that included residential customers as direct, active market participants.",

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Decentralized Coordination through Digital Technology, Dynamic Pricing, and Customer-Driven Control: The GridWise Testbed Demonstration Project

Abstract

ASJC Scopus subject areas

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