Transactive Energy Rationing in an Islanded Electric Power System

A battery energy storage system (BESS) has been installed on Nantucket Island to provide service continuity during the N-1 contingency of partial electricity supply interruption from the mainland. During the N-2 contingency of complete interruption from the mainland, most of the loads will have to be disconnected so that a combustion gas turbine (CTG) can supply critical facilities. This work proposes an alternative transactive rationing mechanism that would provide some service to all of the loads, and still fully serve the critical loads, through market-based control during the N-2 contingency. A BESS operating strategy is proposed that would enhance the transactive rationing mechanism. The necessary enabling changes to communication systems, controls and utility tariffs are discussed, along with some ancillary benefits.