Center for Energy Science and Technology (CEST) of Skoltech performs unique research on cross-border power interconnection projects analysis. The novel methodology involves not only identification of optimal power line updates but also cost-benefit allocation among power systems, analysis of participants’ bargaining power, fair investment cost allocation, money flows and contract prices, cooperation stability issues, and much more. Northeast Asia power interconnection initiatives, often called as the “Asian Super Grid”, are of high interest for CEST research and are used as the main case-study for the new methodologies and approaches.
In June 2019 high-level delegation of the key Chinese energy planning body, that is responsible for the preparation of the national 5-year plans, Chinese Electric Power Planning & Engineering Institute (EPPEI) visited Skoltech to discuss Sino-Russian energy cooperation.
The same month Skoltech hosted a delegation of colleagues from Wharton Business School of the University of Pennsylvania. The high-level meeting was led by ex-deputy prime minister Arkady Dvorkovich. Representatives of CEST, Project Leader Ksenia Letova and PhD student Andrey Churkin participated in the event. Andrey Churkin made a presentation on recent results of the cross-border power interconnection research. The approaches presented were highly appreciated by the experts.
The main results of the research are going to be published soon in the peer-reviewed Energy Economics journal. Prof. David Pozo and Andrey Churkin will also present the materials at the INFORMS Annual Meeting, Seattle, Washington, in October 2019.