Course Code : Electric Power System Economics

Introduction

This course explores the investment and operation of power systems since the introduction of competition in the power supply industry. The instructor will comprehensively review fundamental concepts in microeconomics, the organization and operation of electricity markets, operational reliability, ancillary services, network congestion, transmission investments, and generation investments. Additionally, the instructor will deliver practical insights into relevant issues based on broad in-field experiences. Students will acquire the skills to develop innovative solutions to power system problems that exhibit subtle variations from country to country, market to market, and company to company.

Course Objectives

• To understand the electricity market 
• To understand the impact of transmission networks on the electricity markets
• To understand power system operation 
• To understand generation investments
• To understand transmission investments

Course Code: Net-Zero Technology and Grid Transformation

Introduction

This course explores diverse net-zero technologies, encompassing renewable resources, energy usage, and SMR, along with the evolving requirements for integrating them into power grids. The instructor and guest lecturers will scrutinize various net-zero technologies and their technical prerequisites for integration, considering perspectives from both grid operators and renewable energy developers. Additionally, the instructors will deliver practical insights into relevant issues based on broad in-field experiences. Students will acquire a qualitative and quantitative framework for evaluating and analyzing energy technology systems and the evolving power grids in engineering and economic contexts.

Course Objective

• To understand net-zero energy production technologies
• To understand nuclear-renewable hybrid energy systems
• To understand grid-forming technologies
• To understand the evolving requirements for integration from a grid operator’s perspective.
• To understand the evolving requirements for integration from a renewable energy developer’s perspective.

Course Code: Electricity Market Design and Operation

Introduction

This course explores power market design and operation, grounded in basic micro and macroeconomic concepts and addressing both economic and technical considerations. Recognizing the close link between power market design and power system planning and operation, the course integrates technical perspectives throughout.
In the first half of the course, we will focus on market design. In the second half, we will shift our attention to market operation. To enhance understanding, we will use various market simulators to illustrate the principles of market design and operation.

Course Objective

• Understand the relationship between market design and investment.
• Identify the elements of market design and their impact on overall market structure.
• Analyze market power and monitor market operations.
• Conduct generation capacity valuations.
• Use modeling tools for market design and analysis.

Course Code: Grid Planning and Power System Development

Introduction

This course provides an in-depth exploration of power system planning and transmission system design. Students will study the planning processes, and traditional and modern techniques. The course includes co-optimization models for generation and transmission, AC and DC transmission line design, and the analysis of power system components. Practical applications are emphasized through a field trip, modeling exercises, and case studies from various countries. Students will also learn to handle uncertainty in long-term planning, assess system reliability, and understand generation interconnection procedures. The course culminates in project presentations focused on transmission expansion in test power systems.

Course Objectives

• Identify appropriate applications for the different transmission technologies.
• Learn to model power system components for transmission expansion planning.
• Learn to perform power system analysis for transmission expansion planning.
• Use the modeling tools for infrastructure analysis of bulk energy systems.
• Perform the steps of a resource, transmission, or co-optimized planning study.