Energy Economics in Electricity Markets

Course Description The first part of this course reviews the electricity market stakeholders (regulators, operators, generating companies, utilities, customers? associations), the functions of these markets (procuring and delivering energy, ensuring reliability, infrastructure planning, etc.) and their evolving policy frameworks. In the second part, the most typical mathematical models for cost effective grid system operation, planning and expansions (linear approximations and convex relaxations to the AC Optimal Power Flow) will be presented and practiced in MATLAB. This course requires strong skills in mathematics and electric power system fundamentals.