Extinction of Electric Power Distribution: What Will It Take?
Proliferation of ubiquitous distributed energy resources and smart grid sensing, monitoring, communication and control technologies has paved the way to re-considering nearly century-long business practices within electric power distribution systems. As a result, electric power distribution is gradually evolving from a utility-centric to an agent-centric paradigm, where the role of traditional distribution utilities changes from distribution itself to pro-active management of utility-owned, private resources, and third-party aggregators in a consensus, mutually beneficial manner. This presentation will describe recent advances in business models, data analytics, and decision analysis that make it possible to fully leverage the full range of techno-economic benefits of these changes and enhance the overall efficiency of power delivery.
Yury Dvorkin (S’11-M’16) received his Ph.D. degree from the University of Washington, Seattle, WA, USA, in 2016. Dvorkin is currently an Assistant Professor in the Department of Electrical and Computer Engineering at New York University, New York, NY, USA. Dvorkin was awarded the 2016 Scientific Achievement Award by Clean Energy Institute (University of Washington) for his doctoral dissertation “Operations and Planning in Sustainable Power Systems”. His research interests include power system operations, planning, and economics.