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

David P. Chassin, Lynne Kiesling

Research output: Contribution to journalArticlepeer-review

27 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 languageEnglish (US)
Pages (from-to)51-59
Number of pages9
JournalElectricity Journal
Volume21
Issue number8
DOIs
StatePublished - Oct 2008

ASJC Scopus subject areas

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

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