ECE 6602 PD

Summary

The course will provide a comprehensive overview of power system operations and management, starting with a basic understanding of system economics. The course will introduce the topics and issues in today's electricity markets that will lay the foundation for an advanced course on Operation of Restructured Power Systems subsequently. Many emerging issues from power sector deregulation- such as those in system reliability and system control- shall be discussed within the course. The course will provide a perspective on power policy models and train the participant to look at technical issues of power system operation simultaneously with the economic aspects.

Objectives

  1. To provide an understanding of operation and management of power systems,
  2. To introduce the participants to the emerging new electricity market issues, and
  3. To train participants to address technical issues in power systems in conjunction with economic issues.

Course prerequisites

Basic understanding of power system operation is required. Knowledge of mathematical programming is desirable.

Main topics and delivery plan

  1. Basics of power system economics and short-term operational planning of power system
  2. Power flow analysis and production simulation
  3. Power pools and electricity markets
  4. Reliability and deregulation
  5. Power sector financing
Lectures Topic Sub-Topics
10 Basics of Power System Economics and Short-term Operation Planning of Power System
  • 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
8 Power Flow Analysis and Production Simulation
  • 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
8 Power Pools and Electricity Markets
  • 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
5 Reliability and Deregulation
  • Calculation of LOLP and other reliability indices
  • Multi-area reliability
  • Deregulation and reliability
5 Power Sector Financing
  • 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
  • Capacity planning in competitive environment (1 lecture)

References

  1. A. J. Wood and B. F. Wollenberg, Power generation, operation and control, Wiley-Interscience, 2nd Edition, 1996.
  2. H. G. Stoll, Least-cost electric utility planning, Wiley-Interscience, 1989.
  3. K. Bhattacharya, M. H. J. Bollen and J. E. Daalder, Operation of restructured power systems, Kluwer Academic Publishers, USA, 2001.

Contact

For more information, please contact directly the course coordinator Prof Kankar Bhattacharya.