Title: Control of the Grid in 2020, and How Economics Can Help Us
Abstract: The speaker began looking at energy policy at the midpoint of his 20 year career at CSL, immediately following the California and Illinois energy crises. The Federal Energy Regulatory Commission (FERC) continues to crank out mandates for energy markets that create panic or joy in industry, and angry debates among energy economists. The talk will review some recent controversial but well-intentioned FERC orders. Following a short quiz, the talk will turn to recent exciting discoveries on how to manage a grid with significant renewable energy integration. One element is a new approach to distributed control that may have broader application. A sustainable energy future will be possible provided we combine rational engineering with rational public policy.
Biography: Sean P. Meyn departed CSL at the end of 2011 to join the ECE department University of Florida, where he now holds the Robert C. Pittman Eminent Scholar Chair. He is director of the Florida Institute for Sustainable Energy. He is well known for research in stochastic control and complex systems. His applied research now focuses on operations and economics in power systems.