Description
This document was recently submitted to Energy Interop to support transactional energy. Transactional energy uses simple price/quantity offers and transactions among the parties to achieve coordinated economic operation of the grid.
I am also submitting this document to EMIX as an example (use case) for our EMIX Information Model.
I have used the current EMIX Information Model as much as possible, but made some modifications I found necessary or useful. We may want to take some of these into the EMIX Information model.
The transactional information model in this paper provides a basic information model for retail dynamic pricing, and wholesale trading. Energy transactions at any level of interval detail ( years, months, days, hours, minutes or seconds ) can be supported. Call and put options are supported both as hedging options for retail and wholesale transactions as well as for ancillary service and capacity products. I think the elements could also be part of transactions with Independent System Operator markets.
