JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD

Prerequisite

Power Systems

Course Objectives

to prepare students to

• Understand restructuring of the electricity market
• Understand deregulation of the electricity market
• Understand the money, power & information flow in a deregulated power system

Course Outcomes

Students will be able to

• Know about various types of regulations in power systems.
• Identify the need of regulation and deregulation.
• Understand technical and Non-technical issues in deregulated Power Industry.
• Identify existing electricity markets.
• Classify different market mechanisms and summarize the role of various entities in the market.

UNIT - I

Fundamentals of restructured system, Market architecture, Load elasticity,Social welfare maximization

UNIT - II

Optimal power flow (OPF): Role in vertically integrated systems and in restructured markets, congestion management

UNIT - III

Optimal bidding, Risk assessment, Hedging,Transmission pricing,Tracing of power

UNIT - IV

Ancillary services, Standard market design, Distributed generation in restructured markets, renewable energy markets

UNIT - V

Developments in India, IT applications in restructured markets, Working of restructured power systems, Pennsylvania-New Jersey-Maryland Interconnection (PJM) market, Recent trends in Restructuring

TEXT BOOKS:

• 1. LorrinPhilipson, H. Lee Willis, “Understanding electric utilities and de-regulation”, Marcel Dekker Pub.,1998.
• 2. Steven Stoft, “Power system economics: designing markets for electricity”, John Wiley and Sons, 2002.

REFERENCES:

• 1. Kankar Bhattacharya, Jaap E. Daadler, Math H.J. Boolen, “Operation of restructured power systems”, Kluwer Academic Pub., 2001.
• 2. Mohammad Shahidehpour, MuwaffaqAlomoush, “Restructured electrical power systems: operation, trading and volatility”, Marcel Dekker. R19 M. TECH. EPE/EPS M. TECH. I Year II Sem. (EPE/EPS)