25337: Power Systems Restructuring
Course Name: Power Systems Restructuring
Course Number: 25337
Prerequisite(s): 25311 (Electrical Energy System Analysis 1)
Co-requisite(s): -
Units: 3
Level: Postgraduate
Last Revision: Summer 2018

Description: 
The objective of this course is to introduce students to the classical power systems structure (VIU), considering electrical energy as a commodity in the electricity market. We will discuss the need for new structures, their advantages, and shortcomings. Additionally, we’ll explore how these new structures impact the usual methods in power systems planning and operation. Furthermore, we’ll delve into experiences from other countries related to restructuring, implementation, and the role of ICT and new technologies in the recent power system structure.
 
Syllabus:
  • Introducing classical structure
    • Introducing the economic and social structure of the electricity industry
    • History of classical structure (VIU)
    • Negative and positive attitudes about classical structure
    • Introduction to economical theories
  • Restructuring
    • The need for restructuring
    • Important elements in restructuring and introduction to restructuring methods
    • Effect of new structure on classic programming and operation and management
    • Experience of other countries in restructuring
    • The social and economic cycle of large industries
  • ISO, PX, SC electricity market supervision and control
  • Restructured systems operation
    • Load and price forecasting
    • PBUC
    • SCUC
  • Ancillary services
    • Reactive power provision
    • Reserve provision
    • Load and frequency control
  • Pricing in open markets (generation, transmission, distribution, consumption)
    • Pricing for consumption and generation of electrical power
    • Transmission pricing for power pool and bilateral contract markets
    • Congestion and pricing
    • Ancillary service pricing
  • FACTS systems and their placement

References:
  • M. Shahidehpour, M. Alomoush, Restructured Electric Power Systems, Marcel Decker, 2001
  • D. Kirschen, G. Strbac, Fundamentals of Power System Economics, Wiley, 2004
  • Galvanic, M. Ellic, Understanding of Deregulation, IEEE Press
  • M. Shahidehpour, H. Yamin, Z. Li, Market Operation in Electric Power Systems, IEEE Wiley, 2002
  • B. F. Hobbs, The Next Generation of Electric Power Unit Commitment Models, Kluwer, 2001
  • Game Theory Applications in Electric Power Markets, IEEE Tutorial, 1999


 
Last Update: 2024-05-27