Power System Markets & Optimization

3 credits · College of Engineering catalogue

Advisory Prerequisite: None. Enforced Prerequisite: EECS 463; No OP/F; or graduate standing. Minimum grade requirement of “C” for enforced prerequisite. (3 credits) This course covers the fundamentals of electric power system markets, including the economic principles they are based upon. It also covers the optimization methods required to solve planning and operational problems including economic dispatch, optimal power flow, and unit commitment. Problems are placed in the context of real electricity markets.