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(1)

P

ROF

. D

AVID

W

ATTS

P. U

NIVERSIDAD

C

ATÓLICA DE

C

HILE

E

LECTRICAL

E

NGINEERING

E

NERGY

G

ROUP

AT

THE

E

LECTRICAL

E

NGINEERING

D

EPARTMENT

“M

ORE

THAN

JUST

E

LECTRIC

P

OWER

S

YSTEMS

(2)

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

(3)

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 Engineering

Power Systems Dimensions Student Interests

(4)

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

(5)

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

(6)

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

(7)

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,

(8)

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).

(9)

R

ENEWABLE

E

NERGY

:

N

ET

METERING

AND

N

ET

BILLING

Policy design (Ley, Reglamento y normas)

Technology

(10)

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

(11)

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

(12)

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

(13)

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

(14)

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

f

A

M

Q

B

CML

Return Risk

(15)

R

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

(16)

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.

References

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