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LANS Informal Seminar: Francois Gilbert
April 8, 2015 @ 15:00 CDT
Seminar Title: Optimal design of bilateral contracts for energy procurement
Speaker: Francois Gilbert, Postdoctoral Appointee, MCS, Argonne National Laboratory
Date/Time: 2015-04-08 15:00
Location: Building 240 Room 1404-1405
Description:
We consider the problem of optimizing the portfolio of an aggregator that interacts with the energy grid via bilateral contracts. The purpose of the contracts is to achieve the point-wise procurement of energy to the grid. The challenge raised by the coordination of scattered resources and the securing of obligations over the planning horizon is addressed through a twin-time scale model, where robust short term operational decisions are contingent on long term resource usage incentives that embed the full extent of contract specifications.