Events Calendar

Center for Cyber-Physical Systems and Internet of Things and Ming Hsieh Institute for Electrical Engineering Joint Seminar Series on Cyber-Physical Systems

Speaker: Yuanzhang Xiao, Northwestern University, Postdoctoral Fellow

Talk Title: Towards Efficient Electricity Markets For Smart Grid

Abstract: Electricity markets, as the major instrument in balancing supply and demand, have been crucial for the stability of current power systems. However, it is increasingly challenging for electricity markets to remain efficient as the power systems are transitioning into "smart grid", which is featured by a large number of distributed (renewable) energy sources. The challenges are faced by both the market designer (i.e., the independent system operator) and the market participants (i.e., energy suppliers). For the market designer, the challenge is to design market mechanisms that induce efficient outcomes without having to monitoring a large number of market participants. For the market participants, the challenge is to maximize their profits under incomplete knowledge about their opponents and uncertainty of their own renewable energy generation. Using tools from game theory, optimization, and reinforcement learning, we will present some of our works towards addressing these challenges.

Biography: Yuanzhang Xiao is a postdoctoral fellow in Department of Electrical Engineering and Computer Science at Northwestern University. He is broadly interested in game theory, optimization, and learning, and their applications in designing cyber-physical systems. His recent focus has been smart grid. He received his PhD in Electrical Engineering from UCLA in 2014, and B.S. and M.S. degrees from Tsinghua University in 2006 and 2009.

Host: Paul Bogdan

Location: Hughes Aircraft Electrical Engineering Center (EEB) - 248

Audiences: Everyone Is Invited

Contact: Estela Lopez