Nash equilibria for load balancing in networked power systems

Workshop: Mathematics and Economics of Energy Markets

Organized by Christian Beck (QMUL), Chris Dent (Edinburgh), Preetam Heeramun (National Grid), Andrew Richards (National Grid), Stan Zachary (Heriot-Watt)

In collaboration with National Grid, we were hosting a workshop in Wokingham on 19-20 January 2017 on Mathematics and Economics of Energy Markets. The purpose of this workshop was to bring together industry experts, mathematicians and economists to focus on topics of acknowledged economic importance to the design and operation of future energy systems. Each of these topics was introduced by someone with knowledge of the industry and energy markets, and we proposed also extensive discussion.

The workshop was one of three planned in preparation for a proposed 4-month research programme in 2019 at the Isaac Newton Institute of Mathematical Sciences in Cambridge. This programme will bring about 60 leading scholars from mathematics and economics to work on matters relating to energy and electricity.

Topics addressed at the Wokingham workshop:

  • Design of markets
  • Market integration of demand-side management and storage
  • Design and operation of interconnected markets
  • Design of capacity procurement mechanisms under future uncertainty

The idea is for mathematicians and economists to understand the real-life problems that are on the horizon, and to develop the mathematical and economic tools suitable for planning for the future of electricity networks, both in UK and throughout the world.

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A list of participants can be found here.

Slides of the talks


Here you can find some photos of the workshop.

Information for Workshop Participants


The workshop will start on Thursday 19 January 2017 at 9:30 (first talk at 10:30) and will end on Friday 20 January 2017 at 16:30.

The complete schedule can be found here.


The location of the meeting is The Oaks, The Pavilion, Sadlers End, Sindlesham, Wokingham RG41 5BP

How to reach the venue

  • If you are coming by car, use the SatNav code RG41 5BP
  • If you are coming by train, take a taxi from Wokingham station

In case of problems, the organizers can be reached under 0118 936 3575.


Participants who need accomodation for Thursday night should make their own hotel reservation in Wokingham or the surrounding area, using the website


The workshop dinner will take place on 19 January at 19:30 in the Walter Arms (menu here).

Financial Support

We do have some limited financial support. For requests of financial support for your travel expenses/hotel accomodation, contact Prof C. Beck (, either in advance or at the meeting.