Ezra's Round Table / Systems Seminar: Farhad Billimoria (Oxford)
Location
Frank H. T. Rhodes Hall 253
Description
Fragility and Resilience in Low Carbon Power Systems: Physics-Informed Market Frameworks for System Security
Due to changes in the physical characteristics of the system and the supply-side and demand-side resources connected to the system, low-carbon grids might be intrinsically more “fragile” and therefore both less secure and less resilient. Power system parameters are increasingly interactive, uncertain, and unpredictable – with the potential for co-optimization but also undesired cross-service effects. Moreover, the shift to synchronously-decoupled technology introduces never-before-seen technical scarcities. Thus, the economics of power system security is complex and intricate involving a multitude of grid services with differing characteristics. In this talk, we discuss the systems “new physics” and consider its impacts on the economics. It is critical that regulatory frameworks recognize these distinctions to ensure system security in an era of rapid transition.
Bio:
Farhad Billimoria is an energy professional with over eighteen years of global energy experience. He has covered electricity and gas markets across Australia, New York, and California. He is currently a doctoral researcher at the University of Oxford and is a market designer at the Australian Energy Market Operator (AEMO). Farhad has a Bachelor of Electrical Engineering and Law (Honours), and a Masters (Energy Systems) from the University of Melbourne.