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Dynamic Monitoring and Decision Systems (DyMonDS) Framework: Toward Making the Most Out of Available Electric Energy Technologies at Value Prof. Marija Ili milic@ece.cmu.edu Electric Energy Systems Group (EESG) h@p://www.eesg.ece.cmu.edu/,


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Dynamic Monitoring and Decision Systems (DyMonDS) Framework:

Toward Making the Most Out of Available Electric Energy Technologies at Value

  • Prof. Marija Ilić milic@ece.cmu.edu

Electric Energy Systems Group (EESG) h@p://www.eesg.ece.cmu.edu/, Director SRC Smart Grid Research Center (SGRC) h@p://www.src.org/program/eri/, Director DIMACS Workshop on Energy Infrastructure: Designing for Stability and Resilience

Invited talk, February 20 ‐ 22, 2013 DIMACS Center, CoRE Building, Rutgers University

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Outline

 Importance of the area; new problem; what needs fixing and why; quesXonable pracXces  DyMonDS framework for integraXng at value‐ proof‐of‐concept simulator  Physical, informaXon and economic incenXves closely aligned  The key challenge—integrate combinaXons of technologies at value (non‐unique designs, OK as long as G,T and D work together to add value to the system as a whole)  Examples of value of different technologies

2

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Importance of electric energy services

 CriXcal naXonal infrastructure  Huge part of US economy (>$200 billion business)  Major source of carbon footprint  PotenXal large user of cyber technologies  Industrialized economy depends on low‐cost electricity service

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It works today, but…

 Increased frequency and duraXon of service interrupXon (effects measured in billions)  Major hidden inefficiencies in today’s system (esXmated 25% economic inefficiency by FERC)  Deploying high penetraXon renewable resources is not sustainable if the system is operated and planned as in the past (``For each 1MW of renewable power

  • ne would need .9MW of flexible storage in systems with high wind

penetraXon” –clearly not sustainable)

 Long‐term resource mix must serve long‐term demand needs well

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New systems engineering challenge

 Not a best effort problem; guaranteed performance  Highly nonlinear dynamics  Complex Xme‐space scales in network systems (milliseconds—10 years; one town to Eastern US )  Inadequate storage  Large‐scale opXmizaXon under uncertainXes  Complex large‐scale dynamic networks (energy and cyber)  InformaXon and energy processing intertwined  Framework required for ensuring guaranteed performance (no single method will do it!)

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Making the most out of the naturally available resources? THE PROBLEM WE SHOULD SOLVE[1]

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Future Power Systems‐Diverse Physics

Electro- mechanical Devices (Generators) Energy Sources Load (Converts Electricity into different forms of work) Transmission Network Electro- mechanical Device Photo-voltaic Device Energy Sources Demand Respons e PHEVs

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Customer Customer Generator Transmission Operator ISO – Market Makers FERC

Contextual complexity

Customer XC Distribution Operator PUC Demand Aggregators Supply Aggregators Generator Generator Scheduling Power Traders Some Utilities Are all Three

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“Smart Grid”   electric power grid and ICT for sustainable energy systems [2]

Core Energy Variables

  • Resource

system (RS)

  • Generation

(RUs)

  • Electric Energy

Users (Us) Man-made Grid

  • Physical network

connecting energy generation and consumers

  • Needed to

implement interactions Man-made ICT

  • Sensors
  • Communications
  • Operations
  • Decisions and

control

  • Protection
  • Needed to align

interactions

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Ques[onable prac[ce

 Nonlinear dynamics related ‐Use of models which do not capture instability ‐All controllers are constant gain and decentralized (local) ‐RelaXvely small number of controllers ‐Poor on‐line observability  Time‐space network complexity related ‐faster processes stable (theoreXcal assumpXon) ‐conservaXve resource scheduling (industry) ‐‐ weak interconnecXon ‐‐fastest response localized ‐‐lack of coordinated economic scheduling ‐‐ linear network constraints when opXmizing resource schedules ‐‐prevenXve (the ``worst case” ) approach to guaranteed performance in abnormal condiXons

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DyMonDS Approach

 Physics‐based modeling and local nonlinear stabilizing control; new controllers (storage,demand control); new sensors (synchrophasors) to improve observability  Divide and conquer over space and Xme when opXmizing ‐DyMonDS for internalizing temporal uncertainXes and risks at the resource and user level; interacXve informaXon exchange to support distributed opXmizaXon ‐perform staXc nonlinear opXmizaXon to account for nonlinear network constraints ‐enables correcXve acXons  SimulaXon‐based proof of concept for low‐cost green electric energy systems in the Azores Islands [3]

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DYMONDS‐enabled Physical Grid [2,3]

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Minimally coordinated self‐dispatch—DyMonDS [4,5]

 Distributed management of temporal interacXons of resources and users  Different technologies perform look‐ahead predicXons and opXmize their expected profits given system signal (price or system net demand); they create bids and these get cleared by the (layers of) coordinators  Puqng AucXons to Work in Future Energy Systems  DyMonDS‐based simulator of near‐opXmal supply‐ demand balancing in an energy system with wind, solar, convenXonal generaXon, elasXc demand, and PHEVs.

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14

Centralized MPC –Benchmark

 PredicXve models of load and intermi@ent resources are necessary.  OpXmizaXon objecXve: minimize the total generaXon cost.  Horizon: 24 hours, with each step of 5 minutes.

PredicXve Model and MPC OpXmizer Electric Energy System

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Proposed framework – adap[ve load management (ALM) [6‐9]

16

Secondary layer Primary layer TerXary layer Demand elas[city, constraints Price signal

End‐user Load serving en[ty

Purchase bids Market price

LSE LSE

Long‐term contract

Power plant drawing by Catherine Collier, IntegraXon and ApplicaXon Network, University of Maryland Center for Environmental Science (ian.umces.edu/imagelibrary/)

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1‐year capacity

Mul[‐temporal decision making [meline

17

1‐year capacity 1‐year energy ... ... ...

Day‐ahead energy Real‐Xme energy

...

(3 years prior to delivery) [y] (t) or [h]

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Objec[ve of op[miza[on [4,5]

18

Demand = supply Total cost − benefit Forecasted availability of renewable resources Renewable’s capacity constraints Load’s “capacity” constraints TradiXonal resources capacity TradiXonal resources’ ramp rates Transmission constraints Load dynamics

min

PG,L K

  • k=1

(

  • i∈G

(Ci(PGi(k))) −

  • z∈Z

(Bz(Lz(k)))) s.t.

  • i∈G

PGi(k) =

  • z∈Z

Lz(k); ˆ P max

Gj

(k) = gj( ˆ P max

Gj

(k − 1)), j ∈ Gr; ˆ P min

Gj (k) = hj( ˆ

P min

Gj (k − 1)), j ∈ Gr;

ˆ P min

Gj (k) ≤ PGj(k) ≤ ˆ

P max

Gj (k), j ∈ Gr;

0 ≤ Lz(k) ≤ Lmax

z

, z ∈ Z; xz(k + 1) = gz(Lz(k), xz(k), θz(k)), z ∈ Z; P min

Gi (k) ≤ PGi(k) ≤ P max Gi (k), i ∈ G \ Gr;

|PGi(k + 1) − PGi(k)| ≤ Ri, i ∈ G; and, |F(k, P, L)| ≤ F max ∀k

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DYMONDS Simulator IEEE RTS with Wind Power [10]

 20% / 50% penetraXon to the system [4,5]

6

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20

Conventional cost over 1 year * Proposed cost over the year Difference Relative Saving $ 129.74 Million $ 119.62 Million $ 10.12 Million 7.8%

*: load data from New York Independent System Operator, available online at h@p://www.nyiso.com/public/market_data/load_data.jsp

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SLIDE 21

BOTH EFFICIENCY AND RELIABILITY MET

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DYMONDS Simulator Impact of price‐responsive demand

8

 ElasXc demand that responds to Xme‐varying prices

kWh $

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SLIDE 23

9

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DYMONDS Simulator Impact of Electric vehicles [10‐12]

10

 Interchange supply / demand mode by Xme‐ varying prices

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Op[mal Control of Plug‐in‐Electric Vehicles: Fast vs. Smart

25

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SLIDE 26

11

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Large‐Scale Nonlinear Network Op[miza[on for Correc[ve Ac[ons [13,14]

Imports can be increased by the following:

  • More reliable dynamic raXng of line limits
  • OpXmal generator voltages
  • OpXmal seqngs of grid equipment (CBs, OLTCs, PARs,

DC lines, SVCs)

  • Demand‐side management (idenXfying load pockets with

problems)

  • OpXmal selecXon of new equipment (type, size,

locaXon) Natural reducXon of losses, reducXon of VAR consumpXon, reducXon of equipment stress

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SLIDE 28

LSS Nonlinear Network Op[miza[on for Correc[ve Ac[ons

Imports can be increased by scheduling:  OpXmal generator voltages  OpXmal seqngs of grid equipment (CBs, OLTCs, PARs, DC lines, SVCs)  Demand‐side management (idenXfying load pockets with problems)  Natural reducXon of losses, reducXon of VAR consumpXon, reducXon of equipment stress  Studies have shown 20‐25% economic efficiency by implemenXng correcXve acXons

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29

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The Key Role of Nonlinear LSS Network Op[miza[on for Preven[ng Blackouts [13]

 Base case for the given NPCC system in 2002 and the 2007 projected load  The wheel from PJM (Waldwick) through NYISO to IESO (Milton) –the maximum wheel feasible 100MW  OpXmized real power generaXon to support an increased wheel from PJM (AlburXs) through NYISO to IESO (Milton) –the maximum feasible wheel 1,200MW  With the voltage scheduling opXmized within +/‐ .03pu range, w/o any real power rescheduling the maximum power transfer increased to 2,900MW into both AlburXs and Waldwick;  With the voltage scheduling opXmized within +/‐ .05pu the feasible transfer increased to 3,100MW at both AlburXs and Waldwick  With both voltages opXmized within +/‐.05pu and real power re‐scheduled by the NYISO, the maximum wheel possible around 8,800MW

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SLIDE 31

The key challenge: Framework for integra[ng combina[on of technologies at value [15]  Value is a system‐dependent concept (Xme over which decision is made; spaXal; contextual)  Cannot apply capacity‐based thinking; cannot apply short‐run marginal cost thinking  Reconciling economies of scope and economies of scale  Value of flexibility (JIT,JIP, JIC) [2]  Hardware, informaXon, decision‐making so•ware; distributed, coordinated –all have their place and value

31

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Examples of different values offered by different technologies

 ``OpXmal grid” for thermal congesXon relief [16]

 Passive wires vs. FACTS for managing wind power [17,18]  State esXmaXon to AC OPF; to SW [19]  Learning, predicXons, MIP for managing uncertainXes  ``De‐constraining” technologies (nonlinear control for prevenXng voltage collapse [20,21]; FACTS [22,23] vs flywheel [24,25] for transient stabilizaXon); nonlinear control of energy conversion [26]  ReconfiguraXon of NOSs, NCSs for enabling use of DERs for differenXated reliability [27,28]  PARs for making contract paths physical [29,30]

32

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Op[mal Grid for Conges[on Relief—Value vs Cost [16]

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SLIDE 34
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SLIDE 35
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SLIDE 36
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SLIDE 37
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OPTIMAL GRID INVESTMENT!

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Summary of Charges

In Millions In 100,000

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Op[mal Grid Investment Model [17,18]

min

Ky

l ,xy f ,P t,y n

,xt,y

f,opt

Y

  • y=1

e−ry[

T

  • t=1

Ngen

  • n=1

cg,n(P t,y

n ) + Nline

  • l=1

(ck,l(Ky

l ) + cf,l(xy f,l))]

Subject to:

−Kbase −

y

  • i=1

Ki ≤ Ft,y

line = HPt,y ≤ Kbase + y

  • i=1

Ki

Nbus

  • b=1

P t,y

d,b − Ngen

  • n=1

P t,y

n

= 0 for ∀ t, y P min

n

≤ P t,y

n

≤ P max

n

for ∀ n, t, y 0 ≤ xt,y

f,opt,l ≤ y

  • i=1

xi

f,l for ∀ l, t, y

Operational Constraints Investment Constraints

y

  • i=1

xi

f,l ≤ 0.5xbase,l for ∀ l, y

xy

f,l ≥ 0 for ∀ l, y

Ky

l ≥ 0 for ∀ l, y

Minimize Investment and Operational Cost

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SLIDE 42

Op[mality condi[ons for new line

∂ck,l ∂Ky

l

= {

Y

  • i=y

T

  • t=1

(µ⊤,t,i

l

+ µ⊥,t,i

l

) +

Nline

  • k=1

(µ⊥,t,i

l

− µ⊤,t,i

l

) ∂F t,i

line,k

∂xy

new,l

}

Long-Run Marginal Cost of Investment in New Line

=

Marginal Value of Capacity of Line + Marginal Value of Reactance of Line

∂cf,l ∂xy

f,l

=

Y

  • i=y

T

  • t=1

Nline

  • k=1

(µ⊥,t,i

l

− µ⊤,t,i

l

) ∂F t,i

line,k

∂xt,y

f,l

Long-Run Marginal Cost of Investment in FACTS

=

Marginal Value of Variable Reactance of Line

Optimality conditions for FACTS

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Line Flows With and Without Wind

43

  • 50

50 100 150 1 9 17 25 33 41 49 57 65 73 81 89 97

Line Flow (MW)

  • 20

20 40 60 80 100 120 140 1 9 17 25 33 41 49 57 65 73 81 89 97

Line Flow (MW) Time Period (t)

Line 1 Line 2 Line 3

Line 1 Line 2 Line 3 Average Capacity Utilization Rate 91.8% 91.2% 92.6% Number of Times the Maximum Capacity is Used 41 31 42 Line 1 Line 2 Line 3 Average Capacity Utilization Rate 78.9% 64.1% 71.9% Number of Times the Maximum Capacity is Used 16 4 43 Without Wind: With Wind:

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Line Flows for Case A and Case B

44

  • 50

50 100 150 1 5 9 13 17 21 25 29 33 37 41 45 49 53 57 61 65 69 73 77 81 85 89 93 97

Line Flow (MW)

  • 50

50 100 150 1 5 9 13 17 21 25 29 33 37 41 45 49 53 57 61 65 69 73 77 81 85 89 93 97

Line Flow (MW) Time Period (t) Line 1 Line 2 Line 3 Case A (No FACTS) Case B (With FACTS)

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Case Study

Base Case with Wind Case 1 Case 2 Investment Decision Additional Capacity in Line 3 TCSC in Line 1 and Line 2 Operational Cost (Million $) 1.95 1.82 1.80 Investment Cost (Thousand $)

  • 58.1

20.2 Total Cost (Million $) 1.95 1.88 1.82 Average Capacity Utilization Rate 71.7% 66.5% 79.3% Number of Time Periods in which More Expensive Generators have to be Used 62 30 14

Case 1 Case 2 FACTS devices could potentially reduce total investment and operational cost, increase the capacity utilization rate of existing line capacity, and reduce the need for investment in new line capacity by increasing flexibility in the transmission grid.

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The value of nonlinear energy conversion control

 Work by Astrom at all  Makes the I‐O characterisXcs of energy conversion process a smooth funcXon

46

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Power plant dynamics and its local control

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Value of nonlinear generator control‐closed‐loop linear (easy to make robust) [31]  ConvenXonal power system stabilizer controls DC excitaXon Efd of the rotor winding in response to omega and E  FBLC‐based Efd control responds to acceleraXon

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49

The role of FBLC control in preven[ng blackouts [13,32]

 A 38‐node, 29 machine dynamic model of the NPCC system  A mulX‐machine oscillaXon occurred at .75Hz, involving groups of machines in NYC and the northeastern part of New York State, as well as parts of Canadian power system;  The fault scenario selected for this test was a five‐cycle three‐ phase short circuit of the Selkrik/Oswego transmission line carrying 1083MW. The oscillaXon grows unXl the Chateaguay generator loses synchronism, followed shortly by the failure

  • f Oswego unit.
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50

Rotor angles ‐‐ base case for Selkrik fault with conven[onal controller

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This talk is parXally based

  • n the IEEE Proc. paper,

Nov 2005 51

Voltage response with conven[onal controllers‐base case Selkrik fault

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This talk is parXally based

  • n the IEEE Proc. paper,

Nov 2005 52

Bus voltages with new controllers

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This talk is parXally based

  • n the IEEE Proc. paper,

Nov 2005 53

Rotor angle response with local nonlinear controllers‐‐an early example of flat control design

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Nonlinear control for storage devices (FACTS,flywheels) [22‐25]

[1] The test system: J. W. Chapman, “Power System Control for Large Disturbance Stability: Security, Robustness and Transient Energy”, Ph.D. Thesis: Massachusetts Institute of Technology, 1996. [2] Linear controller: L. Angquist, C. Gama, “Damping Algorithm Based on Phasor Estimation”, IEEE Power Engineering Society Winter Meeting, 2001 [3] Nonlinear controller: M. Ghandhari, G. Andersson, I. Hiskens, “Control Lyapunov Function for Controllable Series Devices”, IEEE Transactions on Power Systems, 2001, vol. 16, no. 4,

  • pp. 689-694

Linear PI power controller[2] Nonlinear Lyapunov controller[3] No controller on TCSC

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Use of interac[on variables in strongly coupled systems

Interaction variable choice 1: Interaction variable choice 2:

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Physics/Model Based Spa[al Scaling Up

56

‐SBA: Smart Balancing AuthoriXes (GeneralizaXon

  • f Control Area)

‐IR: Inter‐Region ‐R: Region ‐T: TerXary ‐D: DistribuXon ‐S: Smart Component ‐The actual number of layers depends on needs/ technologies available/ electrical characteris[cs of the grid

CONFLICTING OBJECTIVES—COMPLEXITY AND COST OF COMMUNICATIONS VS. COMPLEXITY AND COST OF SENSORS,CONTROL ``SMART BALANCING AUTHORITY” CREATED IN A BOTTOM-UP WAY (AGREGATION)--DyMonDS;

  • -COMPARE WITH CONVENTIONAL TOP-DOWN DECOMPOSITION
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Concluding remarks

 IntegraXon of new technologies in a sustainable way requires viewing the problem as the complex dynamic network problem  Technical soluXon can accommodate distributed decision making with minimal coordinaXon  Rethinking of policies to support this innovaXve integraXon of new technologies required [33‐35]. A possible stratum of forward markets with all (T,D, G) parXcipaXng –effecXvely DyMonDS‐based [33,34].

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References

[1] Elinor Ostrom, et al, A General Framework for Analyzing Sustainability of social‐Ecological Systems, Science 325, 419 (2009). [2] ] Ilic, M., Dynamic Monitoring and Decision Systems for Sustainable Electric Energy, Proc of the IEEE, Jan 2011. [3] , “Engineering IT‐Enabled Electricity Services; The Case Of Two Low‐Cost Green Azores Islands”, Co‐edited by M. Ilić, L. Xie, and Q. Liu, Springer, 2013 (in Press) [4] M. Ilić, L. Xie and J.‐Y. Joo, Efficient CoordinaXon of Wind Power and Price‐Responsive Demand Part I: TheoreXcal FoundaXons. [5] ibid, Part II: Case Studies, IEEE Transac7ons on Power Systems [6] J.‐Y. Joo, AdapXve Load Management (ALM), PhD thesis, ECE Dept, CMU, May 2013.[7] J.‐Y. Joo and M. Ilić, “Distributed MulX‐Temporal Risk Management Approach To Designing Dynamic Pricing”, IEEE Power and Energy Society General MeeXng, July 2012 [7] J.‐Y. Joo and M.D. Ilić, A mulX‐layered adapXve load management system: informaXon exchange between market parXcipants for efficient and reliable energy use, IEEE PES Transmission and Distribu7on Conference, Apr 2010 [7a] L. Xie, J.‐Y. Joo and M.D. Ilić, IntegraXon of intermi@ent resources with price‐responsive loads, 41st North American Power Symposium, Sep 2009  [8] J.‐Y. Joo and M. Ilić, MulX‐Temporal Risk MinimizaXon Of AdapXve Load Management In Electricity Spot Markets, IEEE PES Innova7ve Smart Grid Technologies, Europe, Dec 2011  [9] J.‐Y. Joo and M. Ilić, “MulX‐Layered OpXmizaXon Of Demand Resources Using Lagrange Dual DecomposiXon”, IEEE TransacXons on Smart Grid, revision submiJed in Feb 2013

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[10] M. Ilić, J.‐Y. Joo, L. Xie, M. Prica and N. Rotering, A Decision Making Framework and Simulator for Sustainable Electric Energy Systems, IEEE Transac7ons on Sustainable Energy, Jan 2011 [11] Rotering, Niklas, Ilic, Marija IEEE TransacXons on Power Systems Paper TPWRS‐00672‐2009, OpXmal Charge Control of Plug‐In Hybrid Electric Vehicles In Deregulated Electricity Markets, IEEE Trans on Power Systems, vol. 26, No. 3, 2011,

  • pp. 1021‐1029.

[12] Donadee, J., Ilic, M., StochasXc OpXmizaXon for Electric Vehicles, IEEE Smart Grid, Special Issue (under review [13] ] Ilic, M., E. Allen, J. Chapman, C. King, J. Lang, and E. Litvinov. “PrevenXng Future Blackouts by Means of Enhanced Electric Power Systems Control: From Complexity to Order.” IEEE Proceedings, November 2005. [14] Ilic, M., Lang., J., Litvinov, E., Luo, X., Tong, J., Fardanesh, B., Stefopoulos, G., Toward Coordinated‐Voltage‐Control‐Enabled HV Smart Grids, ISGT Europe 2011, Manchester, Dec.2011. [15] ] Ilic, M, Standards for Dynamics, PSERC White PosiXon Paper, June 22, 2012. [16] Ilic, M., Yoon, Y., RTO Filing, Regarding Order 2000 Compliance Filing—Docket No..RT01—000, January 2001.  [17] Chin Yen Tee, ``Toward IncenXves for Flexible Services in Electric Energy Systems: The Case of FACTS” (tentaXve Xtle), EPP, May 2015.

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[18] Tee, Chin Yen; Ilic, M., OpXmal investment decisions in transmission expansion.” North American Power Symposium (NAPS), 2012. [19] Yang Weng, `` AC Electric Power System State EsXmaXon”, ECE Department , August 2013. [20] Medanic, J., M. Ilic‐Spong, and J. Christensen, "Discrete Models of Slow Voltage Dynamics for Under Load Tap Changing Transformer CoordinaXon," IEEE TransacXons on Power Apparatus and Systems PWRS‐2 873‐882, November 1987. [21] Ilic, M., Toward IntegraXng New Electric Energy Technologies at Value, Dra• White Paper, 2013 (in progress) [22] Milos Cvetkovic, ``Energy‐based Nonlinear Control of FACTS Devices for Transient StabilizaXon”, ECE Department, CMU, May 2013. [23] Ilic, M., Cvetkovic, M., Bachovchin, K., Hsu, A., Toward a Systems Approach to Power‐ Electronically Switched T&D Equipment at Value, 2011 IEEE Power & Energy Society General MeeXng, 24‐28 July 2011, Detroit, MI, paper No. 2011 GM0989. [24] Kevin D. Bachovchin, ``Electromechanical Design and ApplicaXons in Power Grids of Flywheel Energy Storage Systems” (co‐advised with Jim Hoburg), ECE, May2015.  [25] M. Ilic, M. Cvetkovic, K. Bachovchin, Q. Liu, ``Modeling, Analysis and Control Design ComplexiXes in Future Electric Energy Systems”, 15th InternaXonal IEEE Power Electronics and MoXon Control Conference and ExposiXon, Novi Sad, Serbia, September 2012.  [26] Nipun Popli, ``IntegraXon of Diverse Energy Conversion Processes in Load Following  FuncXonaliXes for Sustainable Services” (tentaXve Xtle), ECE Department, CMU, May 2015. 

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[27] Siripha Junlakarn, ``DifferenXated Reliability OpXons Using Distributed GeneraXon and System ReconfiguraXon”, EPP Department, CMU, May 2014. [28] Junlakarn, S., Ilic, M., Toward reconfigurable Smart DisXribuXon Systems for DifferenXated Reliability of Service, CH. 18, in [3] . [29] Cvijic, Sanja; Cvetkovic, Milos; Ilic, M., A graph‐theoreXc approach to modeling network effects of phase shi•ers on acXve power loop flows.” North American Power Symposium (NAPS), 2012. IEEE Conference 2012. [30] Cvijic, Sanja, “Computer Methods for DetecXng and Managing Parallel and Loop Flows in Large Electric Power Systems,” May 2013. [31] Chapman, J.W., M.D. Ilic, C.A. King, et al., "Stabilizing a MulXmachine Power System via Decentralized Feedback Linearizing ExcitaXon Control," IEEE TransacXons on Power Systems, PWRS‐8, 830‐839, August 1993. [32] Allen, E.H., J.W. Chapman and M.D. Ilic, "Effects of Torsional Dynamics on Nonlinear Gen Control," IEEE TransacXons on Control Systems Technology, 4, 125‐140, March 1996. [33] Wu, Zhyiong and Marija Ilic. “Toward the Value‐Based GeneraXon Investments and UXlizaXon: Stratum Electricity Market.” Proceedings of the North American Power Symposium (NAPS) 2006, University of Illinois, Carbondale, IL, Sept. 2006, pp. 103‐112. [34] Wu, Zhiyong, Marija D. Ilic. "GeneraXon investment under Stratum Energy Market Structure." 2008 IEEE Power Engineering Society General MeeXng, July 20‐24, 2008. Pi@sburgh, PA. [35] Ilic, Marija, “3Rs for Power and Demand”, Public UXliXes Fortnightly Magazine, Dec 2009.

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