ECE Departmental Seminar
How Should We Pay the Renewables?
Prof. Yue Zhao
Stony Brook ECE
Wednesday, 1/30/19, 1:00pm
Light Engineering 250
Abstract: The penetration of renewable energies into our power systems has taken off drastically in recent years. Both utility-scale wind and solar farms as well as small-scale distributed energy resources (DERs), notably rooftop solar, are major ingredients of this transition. Related to the engineering solutions of compensating for the intermittency of renewable energies, a prominent question is how should we pay the renewable energies, so that the integration of renewables can be sustained in the long run to reach the ambitious levels many countries and states are targeting. This talk will a) take an in-depth look into the current practice and its issues, b) provide a case study of what happens when peer-to-peer solar energy trading is implemented in a net-metered community, and c) offer promising results on how we should pay the renewables in bulk power systems.
Bio: Dr. Yue Zhao is an Assistant Professor of Electrical & Computer Engineering at Stony Brook University. He received the B.E. degree in Electronic Engineering from Tsinghua University, Beijing, China, and the M.S. and Ph.D. degrees in Electrical Engineering from the University of California, Los Angeles (UCLA). His current research interests are in the areas of mechanism design, game theory, and machine learning, with applications in renewable energy integration, power market, and smart grids.