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RE integration, transmission system development and challenges in Market design in a federal structure of a developing power system
RE integration, transmission system development and challenges in Market design in a federal structure of a developing power system
This seminar will delve into the challenges and opportunities of renewable energy integration, transmission system development, and market design. Drawing from practical experience of the Indian sub-continent power system, the talk will shed light on various issues spanning policy, regulation, technology, legal frameworks, standards adherence, grid codes, and the evolving generation mix. The intricacies of organizational engineering, advocating for independent system operators and planners, and devising robust mechanisms for transmission charge recovery and loss administration will be explored and the growing role of the private sector, particularly through competitive bidding in transmission projects will be emphasized. Further, in the field of power market design, this talk will emphasise on the pillars of scheduling, metering, accounting, settlements, and dispute resolution. Highlighting the experimental nature of market frameworks globally, the talk will navigate through various models such as multi-area layered SCED, PPAs, energy markets, power exchanges, OTC platforms, capacity markets, ancillary services, day-ahead, and real-time markets. Finally, the imperative for Institution engineering, human capacity building the acquisition of requisite tools, skill sets, and resources, as well as the need for organizational agility to navigate through the dynamic landscape of energy transition and market evolution will be highlighted.[]Speaker(s): Sushil , Virtual: https://events.vtools.ieee.org/m/420395
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