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SUMMARY:Risk and Optimization in Future Network Planning - Duncan Burt (Na
 tional Grid\, Electricity System Operator)
DTSTART:20190322T120000Z
DTEND:20190322T124500Z
UID:TALK121468@talks.cam.ac.uk
CONTACT:INI IT
DESCRIPTION:TThe future of power network use is highly uncertainty\, with 
 the arrival of renewables and new patterns of power use\, creating large u
 ncertainties\, risks and opportunities for the optimisation of future inve
 stment and development.&nbsp\; National Grid runs an annual Network Option
 s Assessment which applies a risk-based economics approach to optimise whi
 ch investments are progressed on an annual basis. his involves modelling a
  complex power grid and the timing and choice of many potential investment
  options\, totalling multiple billions of pounds over the next 30 years\, 
 to deliver an efficient and secure network. This talk sets out the challen
 ges and key factors involved in our current optimisation process and seeks
  views on alternative approaches.
LOCATION:Seminar Room 1\, Newton Institute
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