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Students showcasing research posters at the 2015 GCEP Symposium

Increasing Electricity Market Efficiency with Flexible Mechanism - Smart Grid Seminar - 10/1/20

October 1, 2020 - 1:30pm to 2:30pm
Live Virtual Event: Please Register using link
Event Sponsor: 
Stanford Bits and Watts Initiative, Precourt Institute for Energy, TomKat Center for Sustainable Energy, Department of Civil & Environmental Engineering, Department of Electrical Engineering
Contact Email: 
wahilaw@stanford.edu

Speaker: John Birge from University of Chicago Booth School of Business

Seminar Abstract: Current wholesale electricity market designs of day-ahead and real-time markets have  inherent inefficiencies that are amplified with greater shares from intermittent renewable sources.  Building in flexibility through time and geographically substitutable bids and stochastic unit commitments can yield significant gains. This talk will discuss how to model and assess these advantages and their implications for renewable generation.

Speaker Bio:

John Birge is the Hobart W. Williams Distinguished Service Professor of Operations Management at the University of Chicago Booth School of Business.  His work focuses on application, theory, and computation for decision making under uncertainty with applications in the management of operations in finance, energy, health care, manufacturing, public policy, and transportation.  He is an INFORMS Fellow, MSOM Society Distinguished Fellow, member of the US National Academy of Engineering, and Editor-in-Chief of Operations Research.   

Admission Info

Seminar is open to all Stanford students, faculty and staff. Register via the RSVP link.