December 26, 2018
Report

Resilience Metric Formulation Considering Transactive Systems

Abstract

To help understand the effects of risk and uncertainty on power system operation, particularly during deleterious events, a model for resilience that defines four specific phases of resilience and associated activity was adopted, refined, and contextualized. Given this model, a comparison is made to the well-established field in power systems of reliability and an integrated framework is developed. The role of transactive energy systems in resilience activity is discussed and the strong alignment between properties of transactive energy systems and resilient systems is made. Finally, a scenario-based framework for risk metrics is proposed; the proposed framework allows for the direct comparison in performance between existing (business-as-usual) and transactive energy systems in improving resilience.

Revised: January 2, 2019 | Published: December 26, 2018

Citation

Hardy T.D., A. Veeramany, M.R. Knight, and J.T. Woodward. 2018. Resilience Metric Formulation Considering Transactive Systems Richland, WA: Pacific Northwest National Laboratory.