# EE553 Power System Economics, Spring 2017

## Class Syllabus

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, zhangbao@uw.edu, Office: EEB M310

**TA**: Yishen Wang, ywang11@uw.edu, Office: EE 215

# Office Hours:

- 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

# Note:

- 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, part 2 slides
- Competition Models slides
- Transmission networks and electricity markets slides
- Ancillary Services, slides
- Generation and Transmission Expansion, slides
- Some practice problems, pdf, solutions

# Optimization Software

- 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

# Structure:

- There will be weekly homework assignments. No late homework would be accepted.
- Grade distribution: final 50%, homework 40%, class participation 10%

# Homework Assignments:

- Homework 1, due Apr 5th 8pm, email to ywang11@uw.edu,
- Homework 2, due Apr 12th 8pm, email to ywang11@uw.edu,
- Homework 3, due Apr 19th 8pm, email to ywang11@uw.edu, pdf, solution, code 1, code 2
- Homework 4, due May 3rd 8pm, email to ywang11@uw.edu, pdf, solution, code for problems 1 and 2, code for problem 3
- Homework 5, due May 10th 8pm, email to ywang11@uw.edu, pdf, solution
- Homework 6, due May 17th 8pm, email to ywang11@uw.edu, pdf, solution
- Homework 7, due May 25th 8pm, email to ywang11@uw.edu, pdf, solution
- Homework 8, due May 31st 8pm, email to ywang11@uw.edu, pdf, solution