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Power systems are undergoing an unprecedented period of change driven by increased penetration of renewable generation, electric vehicles, and increased take-up of Demand Side Response facilitated by smart metering. All those changes mean that the traditional mode of power system operation and control based on centralised control, deterministic (N-1)-based dispatch and generation following demand will have to change. A new paradigm is needed to facilitate distributed and stochastic control. This change of paradigm will require a significant interdisciplinary effort combining the skills of engineers, mathematicians, economists, social scientists and politicians. The talk will give examples of some of the research projects that address those challenges. Host: Misha Chertkov |