Design and operation of deregulated electricity markets ( forår 2008 - 5 ECTS )
Rammer for udbud
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Uddannelsessprog:
(se under Undervisnings- og arbejdsform)
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Niveau:
Advanced course.
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Semester/kvarter:
4th quarter (Spring 2008).
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Timer per uge:
6 hours of lectures per week.
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Deltagerbegrænsning:
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Undervisningssted:
Århus
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Hovedområde:
Det Naturvidenskabelige Fakultet
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Udbud ID:
11039
Formål
The restructuring of national electricity supply industries is now a
world-wide trend, with various programmes of de-regulation,
liberalisation and trading creating new markets, opportunties and
risks.
Commercial organisations as well as regulators and governments, who
may only have experience of managing electricity supply in a monopoly
or higly regulated environment, therefore face major challenges in
having to design and successfully manage the transition to a fully
competitive environment. For those players in already liberalised
markets, the financial, strategic and institutional pressures of
change create a volatile business environment.
Indhold
The course provides an intensive exposure to the key issues faced by
any organisation which is going through the process of adjusting to
the on-going challenges of electricity market liberalisation.
The course concentrates on key aspects of electricity market
liberalisation and surveys how different market designs have
evolved. Issues such as power flow characteristics, nodal- and
zonal-pricing, congestion management spot and regulatory markets will
be discussed, and computational models will be used to illustrate the
effect of various market designs.
Læringsmål
* Understand how liberalized electricity markets work
* Learn the difference between AC and DC models
* Learn how zonal and nodal pricing schemes are related
* Understand why regulation is needed for some issues in the electricity industry
* Understand the difference between the rules used for congestion management
* Understand the function of the spot and ther egulatory market
* Be able to compare and criticize the different market designs that are used.
Faglige forudsætninger
Underviser
Kurt Jørnsten.
Undervisnings- og arbejdsform
English.
Litteratur
Journal articles and recent working papers.
Formål
The restructuring of national electricity supply industries is now a
world-wide trend, with various programmes of de-regulation,
liberalisation and trading creating new markets, opportunties and
risks.
Commercial organisations as well as regulators and governments, who
may only have experience of managing electricity supply in a monopoly
or higly regulated environment, therefore face major challenges in
having to design and successfully manage the transition to a fully
competitive environment. For those players in already liberalised
markets, the financial, strategic and institutional pressures of
change create a volatile business environment.
Udbyder
Department of Mathematical Sciences.
Tilmelding til undervisning
Information Office, Department of Mathematical Sciences.
Bedømmelse
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Hj.opg. ind., bedømt efter 7-skala med ingen censur
5 xxxxx
Presentation of articles and individual report on a given
topic. Grading according to the ECTS scale.
