ECE 6602PD
Power System Management & Electricity Markets
Undated
Topics
- Basics of power system economics and short-term operational planning of power system
- Power flow analysis and production simulation
- Power pools and electricity markets
- Reliability and deregulation
- Power sector financing
- Load curves and load duration curves
- Economic load dispatch- concept of marginal cost and Kuhn-Tucker’s condition of optimum in power dispatch, transmission losses, participation factors
- Unit commitment of generators
- Hydro-thermal coordination- hydrological coupling between hydro power stations, power balance and discharge equations, formulation of the operational planning problem, pumped storage units and their scheduling
- System configuration and AC power flow
- Decoupled power flow, dc power flow
- Optimal power flow and various applications
- Generation with limited energy supply
- Probabilistic production simulation
- Inter-area transactions, multi-area power interchanges
- Energy brokerage systems
- Market design and auction mechanism
- Pool versus bilateral markets and price formation
- Role of independent generators and system operator
- Calculation of LOLP and other reliability indices
- Multi-area reliability
- Deregulation and reliability
- Time value of money, utility economic evaluation
- Capacity planning issues and methods- Levelizing and levelized bus-bar analysis, Screening curve analysis, Horizon-year generation additions analysis
Readings
- Power generation, operation and control
- Least-cost electric utility planning
- Operation of restructured power systems
Sources
- Course catalogue ↗2026–2027
- course_outline ↗Undated
- Public departmental course outline. Source may be archival; no current-term assignment is implied. Bibliographic details are preserved in textbook notes. Course title supplied from the current catalogue because the archival heading only gives the code. Source term/year not established.