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Overview
Modern power grids are in a time of significant change. Growing renewable penetration, increasing use of electric vehicles, and other changes are increasing the stochasticity of power supply and demand, bringing new challenges for power system operators. Currently, power grid operators manage the uncertainty and risk in day-to-day operation by (i) forecasting the mean behavior of the power system stochastic variables (load demand, wind/solar generation); (ii) employing deterministic optimization (DO) algorithms for making short-term generator scheduling decisions; (iii) setting conservative reserve requirements in the DO problem; and (iv) leveraging operator experience to make ad-hoc changes in the generator schedule obtained using DO. This currently practiced risk management framework does not explicitly quantify system risk and does not explicitly consider the uncertainty in the stochastic power grid variables. Such an approach is challenged by increasing stochasticity in power supply and demand.
Stochastic optimization (SO) methods provide a viable alternative for managing the risk in the power grids with increasing stochasticity. However, these methods have not been adopted by operators due to the lack of trust, unavailability of rigorously validated probabilistic forecasts, and high computational cost of executing these algorithms. Our work seeks to bridge these gaps by (i) developing methods to quantify the risk associated with a given decision in a clear and efficient manner to build trust in new optimization tools; (ii) developing and rigorously validating probabilistic forecasting models that learn the joint distribution of the stochastic variables; and (iii) exploring dimension reduction approaches to ease the computational burden of SO.
Current Research
- Probabilistic forecasting, and forecast model validation
- Short-term (i.e., intra-day) risk and reliability assessment
- Real-time risk assessment using machine learning surrogates for operational optimization algorithms
- Global sensitivity analysis and dimension reduction for stochastic unit commitment
Funding

Current People
- Sankaran Mahadevan, Professor
- Hiba Baroud, Associate Professor
- Pranav Karve, Research Associate Professor
- Oliver Stover, Ph.D. Student
- Yadong Zhang, Ph.D. Student
Past Members
- Paromita Nath, Postdoctoral Fellow
Publications
Stover, Oliver, et al. "Dependence structure learning and joint probabilistic forecasting of stochastic power grid variables." Applied Energy 357 (2024): 122438.
Stover, Oliver, Pranav Karve, and Sankaran Mahadevan. "Global Sensitivity Analysis-Based Dimension Reduction for Stochastic Unit Commitment." IEEE Transactions on Power Systems (2023).
Stover, O., Karve, P., & Mahadevan, S. (2022). Reliability and risk metrics to assess operational adequacy and flexibility of power grids. Reliability Engineering & System Safety, 109018.





