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About 25% of primary energy is consumed in the production of electricity. After conversion losses, about half of this is delivered to consumers over the global electricity infrastructure. Most predict that this percentage will increase substantially in the foreseeable future, particularly with growing interest in electric-drive vehicles. While power grids are generally robust to small failures, and thus provides a fairly high level of reliability, they are notably vulnerable to large, often spectacular, cascading failures. Single component failures rarely impede the ability of a power grid to serve its customers. But larger sets concurrent outages can produce blackouts with sizes that are highly improbable from the perspective of Gaussian statistics. Because of the number of components in a power grid it is impossible to plan for and mitigate all sets of failures. Maintaining a high level of reliability in the midst of this risk is challenging. As market forces, variable sources (eg. wind and solar power) and new loads (eg. electric cars) increase stress on power grids, the challenge of managing reliability and costs will certainly increase. Therefore we need strategies that enable the most important services that depend on electricity infrastructure to continue in the midst of risks. This talk will focus on two strategies for enabling the most important services that depend on electricity continue in the midst of significant systemic vulnerability. The first, as proposed by Talukdar et al. [1] is survivability, in which backup electricity sources provide a very high level of reliability for services that are economically and socially vital. The second, as proposed by Hines et al. [2], is Reciprocal Altruism, under which agents that manage the infrastructure are encouraged to align personal goals with those of the system as a whole. Results from simulated reciprocally altruistic agents indicate that this approach can substantially reduce the size and costs of large blackouts. [1] S.N. Talukdar, J. Apt, M. Ilic, L.B. Lave, and M.G. Morgan. Cascading failures: survival versus prevention. The Electricity Journal, 2003. [2] P. Hines and S. Talukdar. Reciprocally altruistic agents for the mitigation of cascading failures in electrical power networks. In Proc. of the International Conference on Infrastructure Systems, Rotterdam, 2008. |