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EEN/L-671:
RESTRUCTURED POWER
SYSTEMS
LECTURE 1: About the course
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What are we going to learn in this course?
• Restructuring/ deregulation of power industry has
changed the way of operation of the power systems.
• Initial focus was on the secure and reliable operation of
power systems
• Now, economic efficiency has joined the game.
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What are we going to learn in this course?
• As a power/ electrical engineer, the knowledge of
following topics are required for the restructured/
deregulated power systems:
• Electrical engineering
• Power systems
• Conventional operation of power systems
• Economics.
• Understand the new dimensions associated with the
power systems.
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What are we going to learn in this course?
1. Initially bring out the differences between the conventional and
the restructured.
2. A background with fundamentals of microeconomics will be
setup.
3. Design of power markets and architectural aspects will be
discussed.
4. Changes in operational aspects with new operational
challenges like congestion management and ancillary service
management will be elaborated.
5. Efficient pricing of transmission network usage is a must to
bring economic efficiency in the power market operation.
6. Generators bidding strategies and market power with
mitigation techniques.
7. Towards the end, the discussion on restructuring experiences
of different countries and India will be provided.
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References
• Texts:
• Fundamentals of Power System economics, Daniel Kirschen and
Goran Strbac, John Wiley & Sons Ltd, 2004.
• Power System Restructuring and Deregulation – Trading,
Performance and Information Technology, Loi L. L., John Wiley and
Sons, 2003.
• References:
• Spot Pricing of Electricity, Fred C. S., Michael C. C., Richard D. T.
and Roger E. B., Kluwer Academic Publishers, 1988.
• Making competition work in electricity Sally Hunt, John Wiley &
Sons, Inc., 2002.
• Research papers
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Marking scheme
• Attendance: >95%: 5; >90%: 4; >85%: 3; >80%: 2; >75%:
1; <75%: 0 (5 marks)
• Term paper: Explain and code the recent paper (last 5
years) from IEEE TEMPR (20 marks)
• Explanation of paper: before MTE
• Codes and results: before ETE
• Quizzes: Surprise and informed (10 marks)
• CWS: 35 marks
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Marking scheme
• CWS: 35 marks
• MTE: 25 marks
• ETE: 40 marks
• Total: 100 marks
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Attendance
• MS Teams: l6ahq8m
• Please ensure 75% of attendance for ETE.
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A few Questions…
• Can you compare electricity as commodity with apples or
toothpaste?
• Electricity market is a perfectly competitive market: True
or False?
• Which transmission pricing mechanism is the most
popular?
• Did you know that the same MW generated by a
generator takes form of different commodities?
• Name at least one power market in USA & in Europe
• Which is the only country having more than 2 power
exchanges spanning the entire country?
• Name 3 private generators in India
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Power System Analyst
Regulatory
Core
Core Power History
Power Policy
System
Issues
System
Issues
Economics
1995 2010 onwards
