OG4TED - Electrical Power Markets and Deregulation

Course specification
Course title Electrical Power Markets and Deregulation
Acronym OG4TED
Study programme Electrical Engineering and Computing
Module Power Engineering
Type of study bachelor academic studies
Lecturer (for classes)
    Lecturer/Associate (for practice)
    Lecturer/Associate (for OTC)
      ESPB 5.0 Status elective
      The goal To Introduce the students to some basic power systems markets and deregulation principles and concepts.
      The outcome Thesaurus of keywords aimed at education of an engineer from economics and power engineering, for jobs at power markets, as a merchant or a broker, as a planner, as an engineer with the independent generators, with the power grid, in a control center, with the ISO, at the regulatory agency.
      Contents of lectures Power system types with respect to deregulation. kWh as a commodity. Bilateral contracts, transactions and pool. Fair competition and market power. Power system network, security and congestion. ATC (Available Transfer Capacity). Ancilliary services. Power Exchanges (PX).
      Contents of exercises Network, security and ATC (Available Transfer Capacity).
      1. (Original title)
      2. D. Kirschen, G. Strbac, "Fundamentals of Power System Economics", John Wiley and Sons, 2004, USA (Original title)
      Number of hours per week during the semester/trimester/year
      Lectures Exercises OTC Study and Research Other classes
      3 1
      Methods of teaching Lectures.
      Knowledge score (maximum points 100)
      Pre obligations Points Final exam Points
      Activites during lectures 30 Test paper 70
      Practical lessons 0 Oral examination 0
      Projects 0
      Colloquia 0
      Seminars 0