JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD

Prerequisite

Power Systems and Electrical Machines

Course Objectives:

• To understand what is meant by restructuring of the electricity market
• To understand the need behind requirement for deregulation of the electricity market
• To understand the money, power & information flow in a deregulated power system

Course Outcomes

After completion of the course, students will be able to:

• Describe various types of regulations in power systems.
• Identify the need of regulation and deregulation.
• Define and describe the Technical and Non-technical issues in Deregulated Power Industry.
• Identify and give examples of 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

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.

UNIT - V

Developments in India, IT applications in restructured markets, working of restructured power systems, PJM, Recent trends in Restructuring.

TEXTBOOKS:

• 1. Lorrin Philipson, 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. M. Tech – II Semester L T P C 3 0 0 3