Power System Operation in Market Environment

Impact of electricity market on power system operation: the role of producers, consumers, transmission and distribution networks and their technical constraints, methods for static analyses, sensitivity analyses, optimal power flow calculation.

Ancillary services: load forecasting, reserves, active power and frequency control, reactive power and voltage control, methods for voltage collapse proximity assessment, ancillary service procurement. Power system reliability, security of supply, reliability indices, network adequacy. Deterministic and stochastic concepts in power system operation and energy markets.

Students will obtain an overview of power system operation in market environment. This course presents models of energy markets: physical market, financial markets, bilateral trading, organized markets: auction, intra-day market, continuous market, balancing market, cross-border trading, ancillary service procurement etc. Focus of this course is the impact of energy market on power system operation.

Lectures or seminars.