Power System Economics and Special Topics
The electricity supply industry represented integrated monopoly utilities. During that time, the management of this industry was a set of challenging optimization problems. Over the years, these optimization problems grew in size, complexity and scope. New algorithms were developed, and ever more powerful computers were deployed to refine the planning and the operation of the power systems. With the introduction of competition in the electricity supply industry, a single organization is no longer in charge. Multiple actors with divergent or competing interests must interact to deliver electrical energy and keep the lights on.
In the frame of the course many aspects regarding electricity market are discussed. Description of the electricity market, including actors, models of competition and interaction between producer and consumer are in the scope of topics.
Schedule at main page