ECE 590 I POWER & ENERGY SYSTEMS SEMINAR
WHEN: Monday, November 4, 2019, 3:00 – 3:50 p.m.
WHERE: Room 4070, ECEB
SPEAKER: Avinash Madavan, Electrical and Computer Engineering, UIUC
TITLE: "Risk-Sensitive Energy Procurement with Uncertain Wind"
ABSTRACT: We formulate a risk-sensitive forward energy procurement problem with uncertain wind generation that penalizes costs and constraint violations via conditional value at risk (CVaR). The risk-sensitive formulation allows a system operator to model her tolerance to high uncertain costs and constraint violations. We further propose a primal-dual stochastic subgradient based algorithm to solve the energy procurement problem where the dispatch decisions update in each iteration based on samples of wind power output.