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Course Info

About this Course

This subject introduces the economics aspects in power system in terms of its market requirement, effects of security and transmission to the electricity pricing and discusses the issues of investments in power generation and transmission equipment.

Course Syllabus

MODELS OF ELECTRICITY SUPPLY INDUSTRY


ELECTRICAL ENERGY MARKET
Introduction
Open electrical energy market
Spot market

PARTICIPATING IN ELECTRICITY MARKET
Introduction
The customer’s perspective
The producer’s perspective
Hybrid participation

SYSTEM SECURITY AND ANCILLARY SERVICE
Introduction
Balancing issues
Network issues
System restoration
Ancillary services


TRANSMISSION NETWORK AND ELECTRICAL ENERGY MARKET
Introduction
Decentralised trading over a transmission network
Centralised trading over a transmission network

GENERATION INVESTMENT
Introduction
Generation capacity from investor’s perspective
Generation capacity from customer’s perspective


TRANSMISSION INVESTMENT
Introduction
Cost-based transmission expansion
Transmission-based transmission expansion

Frequently Asked Questions

Q1 : Why should I join this course?
A1 : This course will provide the opportunity for learners to gain knowledge related to electricity market