Assessing Extreme Weather and Data Center Impacts on Grid Resilience and Market Efficiency (EDGE) via Energy and Ancillary Service Co-Optimization

The overall objective, approach, and potential impacts of this project is shown below:

 

The large deviations in Table 1 highlight the significant uncertainty that extreme weather introduces into electricity market operations and price formation.

While the average annual locational marginal price (LMP) in both day-ahead and real-time markets is typically around $30/MWh, the realized day-ahead real-time (DART) spread during extreme weather events can exceed $600/MWh.

 

Table 2 reports the standard deviation of daily metered load for two load zones with major data center installations.

 

This project will collaborate with Dr. Chengda Ji