EE 458

Course Schedule
Economic systems for electric power planning (Fall 2011)

M, W, F  11:00-11:50, 205 Marston

Professors Jim McCalley and Leigh Tesfatsion

Dr. McCalley Home Page

Dr. Tesfatsion Home Page

 

Schedule

Course objectives

Course structure

Back to Home Page

Dr. Tesfatsion 458 homepage

 

 

Week

Lecture number

Instrctr

Main topic

Sub-topic

Textbook Coverage

Class notes

Other resources

HWs

HW,Exam Solutions

8/22

1

JM/LT

Introduction

History, industry structure, market systems

See Prof. Tesfatsions Syllabus

SlidesJDM

Market Summary: Word, PDF

California Crisis Explained, PDF

HW1: PDF

 

8/24

2

JM

Microeconomic basics of energy markets

Modeling of generator costs

 

Cost Curves: Word, PDF

 

 

 

8/26

3

JM

Microeconomic basics of energy markets

Modeling of generator costs

 

 

 

 

 

8/29

4

LT

Microeconomic basics of energy markets

Market principle & theory of the firm

See Prof. Tesfatsions Syllabus

 

 

 

8/31

5

LT

Microeconomic basics of energy markets

Market demand/supply basics

See Prof. Tesfatsions Syllabus

 

 

 

 

9/2

6

LT

Microeconomic basics of energy markets

Market demand/supply basics

See Prof. Tesfatsions Syllabus

 

 

 

 

9/5

 

 

LABOR DAY

 

 

 

LABOR DAY

 

 

9/7

7

LT

Microeconomic basics of energy markets

Theory of the competitive firm

See Prof. Tesfatsions Syllabus

 

 

 

 

9/9

8

LT

Microeconomic basics of energy markets

Theory of the competitive firm

See Prof. Tesfatsions Syllabus

 

 

 

 

9/12

9

LT

Microeconomic basics of energy markets

Theory of the competitive firm

See Prof. Tesfatsions Syllabus

Additional notes on optimization (from EE 303) Word, PDF

 

 

9/14

10

LT

Microeconomic basics of energy markets

Introduction to constrained optimization

See Prof. Tesfatsions Syllabus

 

 

 

9/16

11

LT

Microeconomic basics of energy markets

Introduction to constrained optimization

See Prof. Tesfatsions Syllabus

 

 

 

 

9/19

 

 

EXAM 1

 

 

 

 

 

 

9/21

12

JM

LP & application to OPF

Optimization basics and Introduction to LP

 

Slides on optimization basics: PPT

Notes on optimization basics: PDF

 

 

9/23

13

JM

LP & application to OPF

Introduction to LP

 

 

Paper by Dantzig: PDF

 

 

 

9/26

14

JM

LP & application to OPF

Simplex Method:

 

Slides on Intro to LP: PPT

Notes on intro to LP: PDF

Slides on Simplex1 and Simplex2: PPT

Notes on Simplex1: PDF

Notes on Simplex2: PDF

 

9/28

15

JM

LP & application to OPF

Simplex, CPLEX

 

Slides on Simplex3: PPT

Notes on Simplex3: PDF

Paper by Bloom: PDF

Using CPLEX Notes: PDF1, PDF2

HW4: PDF

Due Wed Oct 5

HW4 Solutions: PDF

9/30

16

JM

LP & application to OPF

 

Notes on CPLEX-Intro: PDF

 

 

10/3

17

JM

LP & application to OPF

Duality

 

Slides on Duality: PPT

Notes on Duality: PDF

 

 

10/5

18

JM

LP & application to OPF

PF eqts, 

 

Slides on PF equations: PPT

Notes on PF equations: PDF

HW5: PDF Due Friday, Oct7

HW5 Solutions: PDF

10/7

19

JM

SCED notes

SCED and SCUC

 

Slides on SCED/SCUC: PPT

Notes on SCED/SCUC/RAC: PDF

Notes on RAC: PDF

 

 

10/10

20

JM

LP & application to OPF

LPOPF

 

Slides on LPOPF: PPT

Notes on LPOPF: PDF

Notes on Demand bidding: PDF

Notes on Settlements: PDF

Paper on SCUC: PDF

Paper on SCED: PDF

Paper on PaymentVsBidCost

HW6: PDF, due Wed, Oct19

HW6 Solutions:

 

PDF

10/12

21

JM

LP & application to OPF

 

 

 

 

10/14

22

JM

LP & application to OPF

 

 

 

 

 

10/17

23

JM

LP & application to OPF

 

 

 

 

 

10/19

24

JM

LP & application to OPF

 

 

 

 

10/21

25

JM

IP & application to SCUC

 

Slides on IP: PPT

Notes on IP: PDF

 

HW7: PDF, due Wed Oct 26.

HW7 Solutions: PDF

10/24

26

JM

IP & application to SCUC

 

 

 

 

10/26

27

JM

IP & application to SCUC

 

Slides on SCUC: PPT.

Notes on SCUC: PDF

Paper by Chow & De Mello: PDF.  Paper by Papalexopoulos: PDF.  Paper by Ott: PDF. Paper by PJM & Areva: PDF.

 

 

10/28

28

JM

IP & application to SCUC

 

 

 

10/31

29

JM

 

 

 

 

 

 

 

11/2

 

 

EXAM 2

 

 

 

 

 

11/4

30

LT

Operation of electric energy markets

Game theory and imperfectly competitive firms

See Prof. Tesfatsions Syllabus

 

 

 

11/7

31

LT

Operation of electric energy markets

Organization of energy markets

See Prof. Tesfatsions Syllabus

 

 

 

 

11/9

32

LT

Operation of electric energy markets

Energy market trading subject to transmission constraints

See Prof. Tesfatsions Syllabus

 

11/11

33

LT

Operation of electric energy markets

Energy market trading subject to transmission constraints

See Prof. Tesfatsions Syllabus

 

 

 

 

11/14

34

LT

Operation of electric energy markets

Real-world examples: policy concerns

See Prof. Tesfatsions Syllabus

 

 

 

 

11/16

35

LT

Operation of electric energy markets

Real-world examples: policy concerns

See Prof. Tesfatsions Syllabus

 

 

 

 

11/18

36

LT

Operation of electric energy markets

See Prof. Tesfatsions Syllabus

 

 

11/21-11/25

 

 

THANKSGIVING BREAK

 

 

 

THANKSGIVING BREAK

 

 

11/28

37

LT

Operation of electric energy markets

Markets, Risk, and Contracts

See Prof. Tesfatsions Syllabus

 

PJM-FTR Paper 1, PJM-FTR Paper 2, MisoNyiso-FTR Paper

 

 

11/30

38

LT

Operation of electric energy markets

Financial Risk Management: Basic Concepts

See Prof. Tesfatsions Syllabus

 

 

12/2

39

LT

Operation of electric energy markets

See Prof. Tesfatsions Syllabus

 

 

12/5

40

LT

Operation of electric energy markets

See Prof. Tesfatsions Syllabus

 

 

 

 

12/7

41

LT

Financial risk management for power systems

Markets, risks, and risk-heging contracts

See Prof. Tesfatsions Syllabus

 

 

 

 

12/9

42

LT

Financial risk management for power systems

Financial risk management: basic concepts

See Prof. Tesfatsions Syllabus

 

 

 

 

12/11-12/15

 

 

FINAL EXAM WEEK

 

 

 

FINAL EXAM WEEK