BEGIN:VCALENDAR METHOD:REQUEST PRODID:Microsoft Exchange Server 2010 VERSION:2.0 BEGIN:VTIMEZONE TZID:Pacific Standard Time BEGIN:STANDARD DTSTART:16010101T020000 TZOFFSETFROM:-0700 TZOFFSETTO:-0800 RRULE:FREQ=YEARLY;INTERVAL=1;BYDAY=1SU;BYMONTH=11 END:STANDARD BEGIN:DAYLIGHT DTSTART:16010101T020000 TZOFFSETFROM:-0800 TZOFFSETTO:-0700 RRULE:FREQ=YEARLY;INTERVAL=1;BYDAY=2SU;BYMONTH=3 END:DAYLIGHT END:VTIMEZONE BEGIN:VEVENT ORGANIZER;CN=Sarah Kurtz:mailto:skurtz@ucmerced.edu ATTENDEE;ROLE=REQ-PARTICIPANT;PARTSTAT=NEEDS-ACTION;RSVP=TRUE;CN=ldes-model @lists.ucmerced.edu:mailto:ldes-model@lists.ucmerced.edu ATTENDEE;ROLE=REQ-PARTICIPANT;PARTSTAT=NEEDS-ACTION;RSVP=TRUE;CN=ldes-corem odel@lists.ucmerced.edu:mailto:ldes-coremodel@lists.ucmerced.edu ATTENDEE;ROLE=REQ-PARTICIPANT;PARTSTAT=NEEDS-ACTION;RSVP=TRUE;CN=ldes-techn ology@lists.ucmerced.edu:mailto:ldes-technology@lists.ucmerced.edu DESCRIPTION;LANGUAGE=en-US:You are invited to join a seminar by Dr. Rajni B ansal of UC San Diego. PLEASE NOTE: This will give the second half of the presentation from Oct. 27.\n\nTitle: Efficiency and Market Power in Ele ctricity Markets with Inelastic Demand\, Energy Storage\, and Hybrid Energ y Resources\n\nAbstract:\nWe focus on the electricity market and examine h ow the competition between different resources\, such as traditional gener ators\, energy storage\, and hybrid resources\, affects market efficiency. We first consider the participation of conventional resources in a two-st age market\, i.e.\, day-ahead and real-time settlement. Although designed to allocate resources efficiently\, price manipulation by strategic partic ipants can undermine these goals. To address price manipulation\, some mar kets have proposed system-level market power mitigation policies\, which s ubstitute noncompetitive bids with default bids based on estimated generat ion costs. Using equilibrium analysis\, we illustrate that such a policy i n the day-ahead stage is more robust to price manipulations than in real-t ime\, which may lead to non-equilibriumsolutions.\n\nWe then study emergin g technologies and analyze how their integration affects market efficiency . We first analyze the participation of energy storage. Our analysis indic ates that the existing participation mechanism\, where storage bids power in a market\, may diminish market benefits due to its unique operational c haracteristics\, e.g.\, the operating cost depends on charge-discharge cyc les\, unlike conventional generators. We propose a novel market mechanism based on an energy\ncycling function that maps cycle depth to per-cycle pr ices. We next study the participation of hybrid resources combining energy storage and renewable energy sources. We benchmark the performance of two types of market models: a granular model and an integrated model. Our ana lysis shows that granular models lead to lower operating costs but add com putational complexity\, which may not be desirable from the operator’s p erspective. Though less computationally intensive\, integrated models resu lt in more intervals violating the physical limits of constituent energy s torage.\n\nAuthor Bio:\n\nRajni Kant Bansal works as a Postdoctoral Resear cher at the Center for Energy Research in the University of California San Diego. He has a Ph.D. in Mechanical Engineering\, and an M.S.E in Applied Mathematics and Statistics from Johns Hopkins University. During his stud ies at JHU\, he also worked alongside the Grid Operations and Planning tea m at the Electric Power Research Institute. Apart from this\, he completed his B.Tech. in Mechanical Engineering from the Indian Institute of Techno logy Kanpur and has prior experience as a financial analyst at Credit Suis se Investment Bank.\n\n\n UID:040000008200E00074C5B7101A82E008000000003DD330B2F608DA01000000000000000 0100000008D9968EBA7B8474E93492322E3D66CCD SUMMARY;LANGUAGE=en-US:LDES marketing webinar by Dr. Rajni Bansal - Take 2 DTSTART;TZID=Pacific Standard Time:20231103T090000 DTEND;TZID=Pacific Standard Time:20231103T100000 CLASS:PUBLIC PRIORITY:5 DTSTAMP:20231027T170001Z TRANSP:OPAQUE STATUS:CONFIRMED SEQUENCE:0 LOCATION;LANGUAGE=en-US:https://ucmerced.zoom.us/j/4364884550 X-MICROSOFT-CDO-APPT-SEQUENCE:0 X-MICROSOFT-CDO-OWNERAPPTID:2121979965 X-MICROSOFT-CDO-BUSYSTATUS:TENTATIVE X-MICROSOFT-CDO-INTENDEDSTATUS:BUSY X-MICROSOFT-CDO-ALLDAYEVENT:FALSE X-MICROSOFT-CDO-IMPORTANCE:1 X-MICROSOFT-CDO-INSTTYPE:0 X-MICROSOFT-ONLINEMEETINGEXTERNALLINK: X-MICROSOFT-ONLINEMEETINGCONFLINK: X-MICROSOFT-DONOTFORWARDMEETING:FALSE X-MICROSOFT-DISALLOW-COUNTER:FALSE X-MICROSOFT-REQUESTEDATTENDANCEMODE:DEFAULT X-MICROSOFT-LOCATIONDISPLAYNAME:https://ucmerced.zoom.us/j/4364884550 X-MICROSOFT-LOCATIONSOURCE:LocationServices X-MICROSOFT-LATITUDE:0 X-MICROSOFT-LONGITUDE:0 X-MICROSOFT-LOCATIONS:[{"DisplayName":"https://ucmerced.zoom.us/j/436488455 0"\,"LocationAnnotation":""\,"LocationSource":1\,"LocationUri":""\,"Latitu de":0.0\,"Longitude":0.0\,"LocationStreet":""\,"LocationCity":""\,"Locatio nState":""\,"LocationCountry":""\,"LocationPostalCode":""\,"LocationFullAd dress":""}] BEGIN:VALARM DESCRIPTION:REMINDER TRIGGER;RELATED=START:-PT15M ACTION:DISPLAY END:VALARM END:VEVENT END:VCALENDAR