The Flow of Power, Information and Money in Tomorrow's Smart Grid
We begin by surveying the electricity grid landscape: smart metering, renewables, flexible loads, electric vehicles, storage, and innovative tariffs.. We introduce energy economics with a focus on electricity markets, consumer and producer behavior. We then analyze the problems that deep renewable integration poses for grid operations and reliability. We explore demand response from distributed resources to enable cost-effective renewable integration. Tomorrow’s grid will have an intelligent periphery. We will explore the architectural and algorithmic components for managing this intelligent periphery for flexible load management. "We then describe a vision for Grid2050 where electricity delivery evolves into interconnected micro-grids."
Topics
- The course will survey the changing landscape of electricity grids, from the basics of electrical grids, the integration of renewable sources through the use of demand response from distributed sources, and to the elements of tomorrow's smart grids using interconnected micro-grids.
- A comprehensive understanding of (a) central ideas in electricity grids including power flow, state estimation, sensing and actuation in smart grids, (b) electricity markets, locational prices, demand response, models for storage and renewables, (c) policy choices for energy efficiency, pricing of distributed energy resources, and novel market instruments to manage risk and variability.
Official catalogue course objectives and student learning outcomes
Sources
- Course catalogue ↗2026-2027