Please join us in welcoming Dalia Echeverri, Gendell Family Associate Professor at the Nicholas School of the Environment at Duke University.
With funding from ARPA-E’s PERFORM program, the GRACE team is developing a new Energy Management System that effectively considers risk in decisions affecting electric power plant
operations. In this talk I will report on our efforts regarding a) characterizing the uncertainty on key variables that affect the power system’s performance, b) calibrating a risk-adjusted stochastic unit
commitment (RASUC) model, c) developing an approach that integrates RAS-UC solutions in electric utility companies daily practices.
Dr. Patino-Echeverri’s research focuses on public policy design for energy systems, with a particular emphasis on managing the risks arising from the uncertainties influencing the outcomes of government actions. Much of her current work focuses on the policies that affect capital investment decisions within the electricity industry, and the corresponding costs to society of electricity and air-emissions levels. Her models explore the effects of different government policies by representing the industry’s decisions under uncertainty on future technological advancements, fuel prices, and emissions regulations.
