Energy Economics in Electricity Markets
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Overview
Subject area
EE
Catalog Number
G3304
Course Title
Energy Economics in Electricity Markets
Department(s)
Description
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.
Academic Career
Graduate
Liberal Arts
No
Credits
Minimum Units
3
Maximum Units
3
Academic Progress Units
3
Repeat For Credit
No
Components
Name
Lecture
Hours
3