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Connections across commodity markets create the potential for risk to propagate and for failures to cascade as successive market agents fail. The structure of these networks is, however, often hidden and not directly observable. This article describes methods to uncover this hidden structure and the implications that these hidden connections may have for predicting risk propagation and cascading failures. The results are described in the context of electricity, gasoline, and financial markets. They illustrate the potential of this methodology to help address energy and commodity policy issues and their environmental implications.Free, publicly-accessible full text available June 29, 2022
Ardakanian, Omid ; Niesse, Astrid (Ed.)The rapid growth of datacenter (DC) loads can be leveraged to help meet renewable portfolio standard (RPS, renewable fraction)targets in power grids. The ability to manipulate DC loads over time(shifting) provides a mechanism to deal with temporal mismatch between non-dispatchable renewable generation (e.g. wind and solar) and overall grid loads, and this flexibility ultimately facilitates the absorption of renewables and grid decarbonization. To this end, we study DC-grid coupling models, exploring their impact on grid dispatch, renewable absorption, power prices, and carbon emissions.With a detailed model of grid dispatch, generation, topology, and loads, we consider three coupling approaches: fixed, datacenter-localmore »Free, publicly-accessible full text available June 22, 2022
Cirne, Walfredo ; Rodrigo, Gonzalo P. ; Klusáček, Dalibor (Ed.)Datacenter scheduling research often assumes resources as a constant quantity, but increasingly external factors shape capacity dynamically, and beyond the control of an operator. Based on emerging examples, we define a new, open research challenge: the variable capacity resource scheduling problem. The objective here is effective resource utilization despite sudden, perhaps large, changes in the available resources. We define the problem, key dimensions of resource capacity variation, and give specific examples that arise from the natural world (carbon- content, power price, datacenter cooling, and more). Key dimensions of the resource capacity variation include dynamic range, frequency, and structure. With thesemore »
Generation type of power plant (e.g. steam, wind) is an important attribute in power grid and energy market studies such as bidding strategy, audit of generation mix, and accounting for load- generation matching. Recently, regional transmission organizations (RTOs) and independent system operators (ISOs) are increasingly redacting a wide range of grid and market data attributes to protect their participants’ business interests. Lack of this information can prevent important power grid research. We propose techniques to infer power plant generation types based on publicly-available market data. We develop and evaluate these techniques on data available from the Midcontinent Independent System Operatormore »
Today's serverless provides "function-as-a-service" with dynamic scaling and fine-grained resource charging, enabling new cloud applications. Serverless functions are invoked as a best-effort service. We propose an extension to serverless, called real-time serverless that provides an invocation rate guarantee, a service-level objective (SLO) specified by the application, and delivered by the underlying implementation. Real-time serverless allows applications to guarantee real-time performance. We study real-time serverless behavior analytically and empirically to characterize its ability to support bursty, real-time cloud and edge applications efficiently. Finally, we use a case study, traffic monitoring, to illustrate the use and benefits of real-time serverless, on ourmore »