P
ROF
. D
AVID
W
ATTS
P. U
NIVERSIDADC
ATÓLICA DEC
HILEE
LECTRICALE
NGINEERINGE
NERGY
G
ROUP
AT
THE
E
LECTRICAL
E
NGINEERING
D
EPARTMENT
“M
ORE
THAN
JUST
E
LECTRIC
P
OWER
S
YSTEMS
”
E
NERGY
G
ROUP
:
E
LECTRICAL
E
NGINEERING
2 Prof. David Watts, PUC-Chile
Energy at the Electrical Engineering Department
(Power Systems in blue + Power Electronics in green)
Hugh
Rudnick
Juan
Dixon
Sebastián
Ríos
David
Watts
Javier
Pereda
E
NERGY
G
ROUP
:
E
LECTRICAL
E
NGINEERING
3 Prof. David Watts, PUC-Chile
•
A multidisciplinary group with interests beyond power systems, often
aiming to impact local energy policy.
•
A large body of students interested in energy classes, pursuing masters
and PhDs.
Economics Policy Technology Environment Economics & Policy Environment Energy EngineeringPower Systems Dimensions Student Interests
E
NERGY
G
ROUP
EE:
P
ROF
. D
AVID
W
ATTS
, P
H
D
Studies
Studies
• Electrical Engineer from Pontificia
Universidad Católica de Chile
• Applied Economist from The University
of Wisconsin - Madison
Students
6 PHD + 6 MSc + several BSc
Research: (Next slide) Consulting
• Energy Ministry, Energy Commission,
Environmental Agency, electrical and gas distribution associations, electrical companies, etc.
Teaching at PUC
Teaching on Economics and Enginiering Master on Energy Engineering
• IEN 3710 Industrial Economics –
“Regulation Economía Industrial y Regulación”
• IEN 3320 Energy Markets – “Mercados
Energéticos”
Electrical engineering
• IEE3312 Energy Planning, Efficiency &
Renewable Energy Integration
• IEE2312 Electric Power Systems
• IEE1122 Circuit Analysis
• IEE3302 Advanced Topics on Power Engineering
• IEE2272 Electric Machines Laboratory
Prof. David Watts, PUC-Chile 4
Prof. David Watts,
PhD - The University of Wisconsin - Madison
P
ROF
. D
AVID
W
ATTS
:
R
ESEARCH
W
ORK
5 Prof. David Watts, PUC-Chile
Research Areas Prof. Watts
Electric Power Systems - Energy - Electricity Market - Applied Economics
Power Systems Operations and planning Renewable energy: Mini-Hidro Wind Solar PV. Sea energy Tidal streams and Wave power Smart Grid / Smart Metering Energy Planning Energy Efficiency Emissions and efficiency modeling Electricity market Competition and market regulation More Economics
R
ENEWABLE
E
NERGY
: W
IND
P
OWER
•
Wind modeling, resource assessment,
•
Wind park design, integration,
•
Risk assessment, financial analysis,
•
Etc.
Prof. David Watts, PUC-Chile 6
0 10 20 0 10 20 W in d S p e e d ( m /s ) 0 100 200 300 400 500 600 700 0 10 20 Hours Wind Farm 3 Wind Farm 2 Wind Farm 1 1 2 3 4 5 6 7 One Week Days 0 10 20 30 40 50 60 70 80 90 100 0 5 10 15 6.34 8.78 10.15 9.41 10.9310.82 9.59 8.22 6.25 4.57 3.76 2.46 2.49 1.79 2.26 1.25 0.54 0.25 0.040.09 Pow er (%) P ro b a b ili ty ( % ) Sy nthetic Wind 0 10 20 30 40 50 60 70 80 90 100 0 5 10 6.16 7.03 9.43 8 9.18 7.53 7.37 5.69 6.34 4.73 4.14 5 3.76 4.75 3.54 3.16 1.97 1.14 0.83 0.25 p ro b a b ili ty (% ) Real Wind
R
ENEWABLE
E
NERGY
:
S
OLAR
P
HOTOVOLTAIC
(
LARGE
SCALE
)
•
Resource assessment, large PV farms
design, integration,
•
Risk assessment, financial analysis,
•
Contracts and tender design,
•
Etc,
R
ENEWABLE
E
NERGY
:
S
OLAR
P
HOTOVOLTAIC
(S
MALLER
SCALE
)
•
Resource assessment, System configuration
and design tools, simulation,
•
Policy design: Interconnection standards,
contracts design (Reglamentos, normas
Chilenas).
R
ENEWABLE
E
NERGY
:
N
ET
METERING
AND
N
ET
BILLING
•
Policy design (Ley, Reglamento y normas)
•
Technology
R
ENEWABLE
E
NERGY
: S
EA
P
OWER
Tidal Stream
•
Studies in Chacao channel:
Park design, production,
integration, policy.
Wave power
•
Research on prototype
design and performance
E
NERGY
MODELING
: R
ENEWABLES
+
E
NERGY
EFFICIENCY
+ E
MISSIONS
Energy modeling
• Development of models for energy supply and emission.
• Development of Message, Leap and other models.
• Development of short-run marginal emission models
Applications
• Energy efficiency abatement curves
• Grid emission factors
• GHG abatement curve
S
MART
M
ETERING
+
E
NERGY
E
FFICIENCY
+ S
MART
G
RID
•
Policy design
Prof. David Watts, PUC-Chile 12
Smart Metering 3.0
Enabling energy efficiency
Red de Microrredes
D
ISTRIBUTED
GENERATION
+
R
ENEWABLES
+ M
ICROGRIDS
Design and operation
• Design optimization
• Operation optimization and control
• Enabling policy changes
Optimization
• Low cost algorithm for renewable
resource estimation
• “look-ahead” Real-time
optimization for microgrids
Prof. David Watts, PUC-Chile 13
Mapa Eólico
Mapa Solar
Mapa Demanda Térmica y Eléctrica
R
ENEWABLES
FINANCIAL
AND
A
PPLIED
P
ORTFOLIO
THEORY
Prof. David Watts, PUC-Chile 14
•
RENEWABLES + FINANCE:
–
Portfolio design and risk
assessment for large energy
holdings (Beyond large hydro).
• Catastrophic risk
• Transmission congestion risk
• Nodal spot price risk
–
Tendering and contract design
• Risk diversification
• Optimal contracting
• Contracting and performance measurement for solar and wind projects 10% 2024 Año ERNC ER Porcentaje de Generación ERNC Etapa de desarrollo y de Escases relativa Generación ERNC esperada Alternativa 1 de generación ERNC Alternativa 2 de generación ERNC
r
fA
M
Q
B
CML
Return RiskR
ENEWABLES
FINANCIAL
AND
A
PPLIED
P
ORTFOLIO
THEORY
Prof. David Watts, PUC-Chile 15
• Resource and project analysis:
– Technology performance and resource
analysis with limited data
• Analysis of publically available information
• “back-engineering” resource/technology performance indicators.
– Regulatory analysis for Renewables
• Integration, “conseciones”.
– Development of a private database
with more than 100 projects (Wind, Solar, CHP, MiniHidro, geothermal)
• Very detailed, large amounts of data. • Design, simulations, cash flow, resource
data, technology, etc.
• Project improvement Geothermal
Solar
Biomass
Mini hydro
O
THER
MORE
ECONOMIC
AND
POLICY
AREAS
Performance + Competition
– Performance based
regulation (PBR) for utilities: Transmission & distribution
– Competition assessment and
policy contributions for local LNG (Liquified Natural Gas)
– Competition and market
power in spot an day-ahead markets.
Policy for distributed PV and CHP
– Policy design for shared
distributed energy resources (DG / DER)
– 3-party model for shared
resources (3P-DER)
– PV building integration
– Cogeneration policy,
standards, norms.