Modeling of Electricity Market

Data is displayed for academic year: 2023./2024.

Course Description

Modeling of hydro and thermal generation, optimal using of hydro reservoir and fuel purchase agreement, optimal planning of maintenance and unforeseen outages. Modeling of ancillary services and emissions: optimization of generation and rotating reserve, integrated modeling of emissions, modeling of emission constraints, evaluated of emission prices. Financial modeling: modeling of strategic policy, short and long term generation sufficiency, optimization of trading strategy for defined portfolio.

Study Programmes

Postgraduate doctoral study programme

Literature

Derek W Bunn, Derek W. Bunn (2004.), Modelling Prices in Competitive Electricity Markets, John Wiley & Sons Incorporated
Steven Stoft (2002.), Power System Economics, Wiley-IEEE Press
Alexander Eydeland, Krzysztof Wolyniec (2003.), Energy and Power Risk Management, John Wiley & Sons

For students

General

ID 154872
  Winter semester
6 ECTS
L0 English Level