SEMINAR: Coordinated Trading in Smart Grid: Theory and Implementation of Transactive Energy

SEMINAR: Coordinated Trading in Smart Grid: Theory and Implementation of Transactive Energy

Seminar Abstract 

More flexibility is desired in electricity markets to fully unlock potentials of renewable and distributed energy resources. Such flexibility may be achieved by bilateral transactions, based on differentiated and flexible contractual agreements. Although bilateral contracts are pervasive in electricity markets, little is known about the performance of transactive marketplaces for energy especially when power network reliability and renewable uncertainty are of concern. In this talk, I will present a theoretical framework to understand the performance of such marketplaces, highlighting elements in market design that are required for achieving efficiency and reliability goals. I will then describe a concrete design of distribution network marketplace for matching intermittent supply and flexible demand.
 

Seminar Speaker(s) 


Junjie Qin is a postdoctoral researcher with the Grid Integration Group at Lawrence Berkeley National Laboratory, supervised by Jhi-Young Joo, Kameshwar Poolla and Pravin Varaiya. He holds a Ph.D. degree in Computational and Mathematical Engineering, an M.S. degree in Statistics and an M.S. degree in Civil and Environmental Engineering from Stanford University, and a B.Eng. degree in Hydropower Engineering and a Bachelor of Economics degree from Tsinghua University, Beijing. He is a recipient of the Satre family fellowship on energy and sustainability and a finalist for the Best Student Paper Award at the 55th IEEE Conference on Decision and Control 2016.

Junjie Qin
Affiliate, Energy Storage & Distributed Resources Division

Date 

Feb 27, 2018 -
12:00pm to 1:00pm

Location 

90-3122