September 17, 2021
Report

Resilience Service Framework Using Transactive Systems Valuation Methodology

Abstract

Recent outage events have spurred national and international interest in improving grid resilience. Actions to make the grid more resilient must be valued against their costs and benefits. This is the goal of this report. We explore a resilience valuation framework, where the services procured by the utility are arranged such that the values associated with them are pinpointed. This is demonstrated by utilizing various diagrams developed in Pacific Northwest National Laboratory’s Transactive System Program, called the Transactive Systems Valuation Methodology (TSVM). We show that TSVM can be utilized to guide traditional valuation methodologies such as integrated resource planning so that resilience considerations can be embedded. This report demonstrates this using a three-step procedure: (1) a use case is developed to define functional requirements, (2) value identification of the utility and the actors with which it interacts (both inside and outside its internal functions), and (3) value tracking of activity performed by actors interacting with the utility while services are procured to enable a resilient grid.

Published: September 17, 2021

Citation

Hanif S., R. Jinsiwale, and F. Bereta dos Reis. 2021. Resilience Service Framework Using Transactive Systems Valuation Methodology Richland, WA: Pacific Northwest National Laboratory.