Restructured Electricity Markets

3 credits · Graduate Programs

Basics of power systems economics, vertically integrated power monopolies, models of competition, market design and auction mechanisms, players in restructured electricity markets, generation scheduling in restructured electricity markets, perspective of large consumers, transmission operation in competitive power markets, transmission rights, the need for ancillary services in electricity markets, procurement and pricing of ancillary services, transmission and generation expansion in competitive markets. Prerequisite(s): Electrical Engineering 587 or 601 and admission to the PhD in Electrical and Computer Engineering or the MSc in Electrical Engineering.