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On modeling dispatchable loads in grid operation: the good, the bad and the ugly

Presented by: 
Anna Scaglione Arizona State University
Date: 
Tuesday 8th January 2019 - 14:30 to 15:30
Venue: 
INI Seminar Room 1
Session Title: 
Demand Dispatch & Microgrids
Abstract: 
The past ten years of research had produced a variety of models for managing flexible loads, paving the way for addressing congestion in the grid by enabling a more efficient dynamic pricing of electricity.  However, real change has been hard to come by in practice. The goal of this talk is to review such models, highlighting the difference between distributed algorithms, that seek to decompose the problem,  and aggregate representations that map large populations of flexible loads onto spinning reserves. The objective is to highlight the challenges that exist in transforming and remaining compatible with established retail and wholesale market practices and legacy systems and how new abstractions may be necessary to rip the benefits of flexible load.
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University of Cambridge Research Councils UK
    Clay Mathematics Institute London Mathematical Society NM Rothschild and Sons