Energy System Economics and Optimization

Catalog description

Basic probability and statistics. Basic programming skills. Fundamental of power system economics over which the current electricity markets are designed. Formulation of unit commitment and economic dispatch as mathematical optimization. Modeling of thermal generators, renewable generators, energy storage, and other grid resources in power system optimization. Introduction of equilibriums in electricity markets. Introduction of ancillary service markets. Overview of current energy system research topics. Designed for masters and doctoral students, but is also open to undergraduates with the appropriate foundation classes