Professional masters class. 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 to post grades.
Class: Tuesday, 6pm-9pm, EEB 003
Instructor: Baosen Zhang, email@example.com, Office: EEB M310
TA: Yishen Wang, firstname.lastname@example.org, Office: EE 215
- I will have office hours on Monday from 5pm to 6pm. You can come to my office or chat with me via skype. Skype id: baosen.zhang
- Yishen will have office hour on Monday 6pm to 7pm and Friday 5pm to 6pm
- You’re welcome to schedule other times by emailing one of us
- Most of the lectures will be done on the board. Corresponding slides would be provided, but the material presented on the board may differ from them.
- Textbook: Kirschen & Strbac Fundamentals of Power System Economics
- I will try to respond to emails within 24 hours. Please write EE559 in the subject. Yishen will likely be more responsive.
Schedule of Classes:
- Introduction to power system economics, economic dispatch and optimization slides 1, slides 2
- Optimization techniques slides
- Unit Commitment slides
- Introduction to mixed integer programming, Optimal power flow slides, supplementary notes on optimization
- Markets for electrical energy, Participating in electricity markets slides
- Markets for electrical energy, Participating in electricity markets
- System security and ancillary services
- Transmission networks and electricity markets
- Investing in generation and transmission
- Current Research in Power System Economics
- You can use Matlab if you feel more comfortable
- We recommend using Julia. We will mainly code from JuliaBox. It is open source, online and often easier to use than Matlab. Yishen has prepared some material for it: Quick Guide, Example 1, Example 2, Example 3
- There will be weekly homework assignments. No late homework would be accepted.
- Grade distribution: final 50%, homework 40%, class participation 10%