Models for deregulated electricity markets
Regular course, lectures given approximately every other or every third week.
Lecturer
Kurt Jörnsten
Content
Models and methods for analyzing deregulated electricity markets are presented. Among the questions handled, are market structure and market design, transmission and congestion management and pricing, market power and gaming, cost and loss allocation, markets for ancillary services and their connections and influence on the sport market and unit commitment in a deregulated market place.
Prerequisites
Knowledge of mathematical programming methods and basic game theory.
Literature
Parts of the books:
G.B. Sheble,
Computational Auction Mechanism for Restructured Power Industry Operation, Kluwer, 1998.
M. Shahidepour, H. Yamin Li,
Market Operations in Electric Power Systems: Forecasting, Scheduling, and Risk Management, Wiley, 2002.
J. de Dios Ortúzar and L. G. Willumsen,
Modelling Transport, 3rd Edition, Wiley, 2001.
The text book i supplemented by selected articles and reports.
Evaluation
Term papers on selected topics involving modeling and analysis of certain phenomena using illustrative electricity networks.
ECTS-credits
10.
Quarter
Spring 2004.