Decentralization required Trust.

 Leads to Transactive market

 Reliable energy delivery is everyone’s responsibility
Definition: “A system of economic and control mechanisms that allows the dynamic balance of
supply and demand across the entire electrical infrastructure using value as a key operational parameter.”
“Transactive Energy engages customers and suppliers as participants in decentralized markets for energy
transactions that strive towards the three goals of economic efficiency, reliability, and environmental
enhancement.”
“ Combination of economic and control techniques to improve grid reliability and
efficiency.”
Characteristics of TE:
• Highly coordinated optimal integration of renewables
• Non-discriminatory participation of all the users
• Should maintain system reliability at all the time
• Observable, auditable, accountable and scalable