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An integrated design approach to power systems : from power flows to electricity markets

Citation

Bose, Subhonmesh (2014) An integrated design approach to power systems : from power flows to electricity markets. Dissertation (Ph.D.), California Institute of Technology. http://resolver.caltech.edu/CaltechTHESIS:06012014-040224456

Abstract

Power system is at the brink of change. Engineering needs, economic forces and environmental factors are the main drivers of this change. The vision is to build a smart electrical grid and a smarter market mechanism around it to fulfill mandates on clean energy. Looking at engineering and economic issues in isolation is no longer an option today; it needs an integrated design approach. In this thesis, I shall revisit some of the classical questions on the engineering operation of power systems that deals with the nonconvexity of power flow equations. Then I shall explore some issues of the interaction of these power flow equations on the electricity markets to address the fundamental issue of market power in a deregulated market environment. Finally, motivated by the emergence of new storage technologies, I present an interesting result on the investment decision problem of placing storage over a power network. The goal of this study is to demonstrate that modern optimization and game theory can provide unique insights into this complex system. Some of the ideas carry over to applications beyond power systems.

Item Type:Thesis (Dissertation (Ph.D.))
Subject Keywords:Power system, Optimal power flow, electricity markets, electricity storage
Degree Grantor:California Institute of Technology
Division:Engineering and Applied Science
Major Option:Electrical Engineering
Thesis Availability:Public (worldwide access)
Research Advisor(s):
  • Low, Steven H. (advisor)
  • Wierman, Adam C. (co-advisor)
  • Chandy, K. Mani (co-advisor)
  • Hassibi, Babak (co-advisor)
Thesis Committee:
  • Low, Steven H. (chair)
  • Wierman, Adam C.
  • Chandy, K. Mani
  • Hassibi, Babak
  • Ledyard, John O.
  • Baldick, Ross
Defense Date:28 May 2014
Record Number:CaltechTHESIS:06012014-040224456
Persistent URL:http://resolver.caltech.edu/CaltechTHESIS:06012014-040224456
Default Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:8458
Collection:CaltechTHESIS
Deposited By: Subhonmesh Bose
Deposited On:03 Jun 2014 18:51
Last Modified:03 Jun 2014 18:51

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