Michael Caramanis

Investigator's Profile

A New Risk Assessment and Management Paradigm (NewRAMP) in Electricity Markets

The grid relies on conventional bulk power plants to provide the flexibility to operate power systems reliably. These assets can guarantee available capacity except in rare events. The existing risk management strategy protects against those rare events and aligns well with conventional technologies. New risk management strategies are needed due to the shift in grid […]

AitF: Collaborative Research: Algorithms and Mechanisms for the Distribution Grid

The electricity distribution grid and the low-voltage line networks that distribute power to end consumers is about to undergo a major transformation. More and more consumers are becoming prosumers, namely consumers and producers of power at the same time, by installing solar panels (PVs) on their home roofs and by purchasing electric vehicles, which may […]