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+ | Title: Energy Procurement Strategies in Presence of Intermittent Sources | ||
+ | Abstract: We study the impact of a high penetration of intermittent wind | ||
+ | generation on electricity markets. Specifically, we analyze the effect of | ||
+ | wind prediction accuracy, as well as the volume of wind farm | ||
+ | installations, | ||
+ | on the conventional generation that needs to be contracted for in long | ||
+ | term, day ahead, and real time markets. This provides insight into how the | ||
+ | markets for conventional generation might need to be restructured in order | ||
+ | to make efficient use of high volumes of renewable generation. (Joint work | ||
+ | with Jayakrishnan Nair and Adam Wierman) | ||
+ | |||
+ | Bio: | ||
+ | Sachin Adlakha is postdoctoral fellow at Caltech’s Center for the | ||
+ | Mathematics of Information. Prior to coming to Caltech, he obtained his | ||
+ | PhD from the Department of Electrical Engineering at Stanford University. | ||
+ | His research interests lie at the intersection of engineering and | ||
+ | operations/management science. In particular he is interested in | ||
+ | developing techniques, models and algorithms for economic analysis of | ||
+ | engineering systems. |