Class Syllabus

We will define and discuss the major problems in power system economics: optimization problem formulations and solutions; competition; bidding strategies; locational marginal prices; ancillary services; and investment decisions. For more information, see syllabus.

This is the main website for this class. The Canvas Site is only used for homework submission and posting grades.

Class: Wednesday/Friday, 2:30pm-4pm, PAR 220
Instructor: Baosen Zhang, zhangbao@uw.edu, Office: EEB M310

Office Hours:

  1. I will have office hours on Tuesdays from 1:30pm to 2:30pm.
  2. You’re welcome to schedule other times by emailing me

Note:

  1. Textbook: Kirschen & Strbac, Fundamentals of Power System Economics, 2nd Edition. This is available from the UW library.
  2. Some useful references are: Power System Analysis and Design, Glover, Sarma, Overbye and Birchfield; Applied Optimization: Formulation and Algorithms for Engineering Systems, Ross Baldick
  3. I will try to respond to emails within 24 hours. Please write EE553 in the subject.

Structure:

  1. There will be weekly homework assignments.
  2. There will be a take home final exam (probably on the last day of class). Other than communicating with other students, you can use all resources.
  3. Grade distribution: final 40%, homework 60%.

Exams:

  1. Final Exam, due March 10 at 11:59pm. Submit at CANVAS

Schedule of Classes:

  1. Introduction to power system economics slide, introduction to microeconomics slide
  2. Economic dispatch slide
  3. Constrained Optimization, slide 1, lecture recording; slide 2, lecture recording
  4. Inequality constraints, slide; Transmission limits slide
  5. Optimal power flow, slide, lecture recording; slide
  6. OPF with line capacity constraints, slide, video
  7. Competitions Models, slide, video, video
  8. Ancillary Services, slide, video, video 2
  9. Generation Expansion and Review, slide, video

Homework Assignments:

  1. Homework 1, due Jan 12th at 11:59pm. Submit at CANVAS. Solution
  2. Homework 2, due Jan 19th at 11:59pm. Submit at CANVAS. Solution
  3. Homework 3, due Jan 26th at 11:59pm. Submit at CANVAS. Solution
  4. Homework 4, due Feb 2nd at 11:59pm. Submit at CANVAS. Solution, Solution to problem 2
  5. Homework 5, due Feb 13th at 11:59pm. Submit at CANVAS. Solution
  6. Homework 6, not collected. Solutions