Operation and Control of Restructured Power Systems

The course deals in detail with power system operation and control in the deregulated electricity market environment. The topics include electricity market design and auction mechanisms, price formation, role of the independent system operator in pool versus bilateral markets, generation scheduling in deregulation, transmission pricing paradigms, congestion management, transmission rights, ancillary services procurement and pricing, and security management in deregulation. A highlight of the course is the country- specific information provided on various operational aspects of restructured power systems worldwide. Recommended Background: Basic understanding of power system engineering is required. Knowledge of mathematical programming is desirable.