Transactive Energy Systems [Viewpoint]

TESs are a scalable, flexible approach to designing and implementing efficient, reliable, and resilient electrification systems, both large and small scale. They can be implemented within a single building or home, across a campus, or across an entire region, as shown by previous demonstrations and current projects. Because of their ability to address both interoperability issues and optimization and management issues, they're an important technique for future electrification designs and will become even more practical as the process of understanding and assigning value to flexible DER and system objectives (both business and operational) matures. Ultimately, they should enable a broad range of operational, business, regulatory, and incentive models to be supported by future systems.