Fundamentals of Power System Resilience with a Focus on Investment Planning
The increasing frequency of high-impact, low-probability (HILP) events, such as extreme weather and natural disasters, has exposed the limitations of traditional reliability-centred planning and operation of power systems. In this context, this presentation introduces the paradigm shift from reliability to resilience, emphasising the need for modern grids to withstand, adapt to, and recover rapidly from disruptive events. We will first clarify the conceptual differences between reliability and resilience and present widely used resilience frameworks. The presentation will then highlight planning strategies, introducing mathematical models for resilient network design. It discusses the need for a balanced investment portfolio between network expansion, infrastructure hardening, and smart grid technologies, emphasising the significance of probabilistic analysis and risk metrics like Conditional Value at Risk (CVaR) in decision-making. It also reviews alternative modelling approaches that use stochastic and robust optimisation. The presentation differentiates between resilience and traditional reliability concepts, proposing a holistic decision-making process for planning. It also introduces fairness considerations in resilient planning and underscores the balance between traditional asset-heavy investments, operational measures, DER, and other non-wire solutions. This presentation aims to make informed, risk-aware investment decisions to enhance power system resilience.
In this talk, the speaker will walk the audience through the key shift from reliability to resilience, then show how these concepts become actionable in planning models and investment choices. The presentation will include a brief preview of the speaker’s upcoming book, with a focus on how risk-aware metrics (including CVaR) and modern optimisation approaches can support resilient, fair, and cost-effective grid investment strategies.
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- Imperial College London, Exhibition Rd, South Kensington
- LONDON, England
- United Kingdom SW7 2AZ
- Building: Department of Electrical and Electronic Engineering
- Room Number: 909 B
Speakers
Dr. Rodrigo Moreno
I am a faculty member in the Department of Electrical Engineering at the University of Chile. In parallel, I coordinate the Dual PhD Programme in Electrical Engineering between the University of Chile and the University of Manchester. I also lead the ENLACE Energy Centre for Latin America and the Caribbean, as well as the Energy Group of the Institute for Complex Engineering Systems (ISCI), from which I develop strategic projects for the private sector and governmental entities.
I obtained the degrees of Industrial Civil Engineer (with a Diploma in Electrical Engineering) and Master of Science in Engineering (both awarded with highest distinction) from the Pontificia Universidad Católica de Chile, under the supervision of Prof. Hugh Rudnick. I subsequently completed my doctoral studies and a postdoctoral research period under the supervision of Prof. Goran Strbac at Imperial College London.
My research focuses on the development of new concepts and models for power systems to advance towards a more sustainable, resilient, reliable, and economically efficient electricity supply, through the use of advanced mathematical models (including stochastic, robust, and distributionally robust optimisation, as well as simulation-based models). My work on network reliability and resilience was recognised with the Newton Prize awarded by the UK Government in 2018, in recognition of excellence in research and innovation. My work has also been recognised by professional societies, particularly IEEE and INFORMS.
As a consultant, I have over 20 years of experience in electricity markets and power systems, delivering high-impact applied projects. At the national level, I have collaborated with companies in the energy, mining, and financial sectors, as well as with key institutions such as the Ministries of Energy, Public Works, and Finance, the National Energy Commission, and the National Electricity Coordinator. Internationally, I have worked across multiple countries in the Americas, Europe, Asia, and Oceania. In this context, I have collaborated with globally recognised organisations including Enel, State Grid, National Grid, RWE NPower, UK Power Networks, BHP Australia, Samsung, E3G, NERA, and the European Commission, as well as regulatory authorities such as Ofgem, BERR, the UK Competition and Markets Authority (CMA), OLADE, the Chilean Electricity Expert Panel, and the Competition Tribunal (TDLC). I have also provided services to multilateral institutions including the Inter-American Development Bank (IDB), CAF, the World Bank, and EPRI.
My work has influenced the energy sector both in private investment decisions and in the public sphere, including the design of Chile’s first national energy policy, the new capacity remuneration mechanism in Chile (facilitating the large-scale entry of energy storage), changes to network security standards in the UK and Chile, and other relevant regulatory frameworks.
My scientific output comprises more than 100 publications in indexed journals and international conferences. I currently serve as Associate Editor of IEEE Transactions on Energy Markets, Policy and Regulation and am a regular reviewer for several international journals published by IEEE, IET, and Elsevier. I have organised numerous technical activities within IEEE, CIGRE, and INFORMS, and have served on the Steering Committee of the Young Members section of CIGRE in the UK (CIGRE NGN). I have also served as Chair of the IEEE Power & Energy Society Latin American Infrastructure Working Group, Secretary of the Energy Development and Power Generation Committee, and Vice-Chair of the Working Group on Natural Disaster Mitigation Methods and Operation Technology. I currently serve as Chair of the Task Force on Cross-Border Electricity Integration in Latin America and participate in several working groups within IEEE, INFORMS, and CIGRE.
In summary, my work combines a strong academic background with extensive practical experience, enabling the application of advanced models and knowledge in a pragmatic and policy-relevant manner.
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Agenda
16:00–16:10 | Welcome and Opening Remarks
Welcome to the session, a brief overview of the topic, and an introduction of the speaker.
16:10–16:45 | Featured Talk: Power System Resilience and Investment Planning
A structured overview of resilience fundamentals and practical investment-planning approaches, including selected insights from the speaker’s forthcoming book on power system resilience and investment decision-making.
16:45–17:00 | Q&A and Discussion
Open floor for questions from both in-person and online participants.
Media
| Fundamentals of Power System Resilience with a Focus on Investment Planning | In this talk, the speaker will walk the audience through the key shift from reliability to resilience, then show how these concepts become actionable in planning models and investment choices. The presentation will include a brief preview of the speaker’s upcoming book, with a focus on how risk-aware metrics (including CVaR) and modern optimisation approaches can support resilient, fair, and cost-effective grid investment strategies. | 234.54 KiB |