ECE 8803 Electricity Markets/Power System Economics (Spring 2015)
This course provides a comprehensive introduction to electricity markets and power system economics, including economic theory, market design, market models, and policy. The combined behavior of the physical grid and the market is modeled in detail and simulated through software. Market interactions are simulated through auction and trading exercises. Emphasis is given to current trends: renewable energy integration, smart grid, and consumer empowerment, and business models as drivers for emerging market architecture.
Last revised on January, 2015