Power System Economics

Slides for a course on power system economics based on parts of the book "Power Generation Operation and Control" by A. Wood and B. F. Wollenberg and on the book "Fundamentals of Power System Economics" by D. Kirschen and G. Strbac.

• Introduction
• Organization
• Optimization - Part I
• Optimization - Part II
• Local and Global Optima
• Non-linear Programming
• Linear Programming
• Unit Commitment
• Unit Commitment Using Mixed-Integer Linear Programming
• Optimal Power Flow
• Fundamentals of Markets
• Risks, Markets, and Contracts
• Organization of Electricity Markets
• Participating in Markets
• Ancillary services
• Effect of Transmission Network
• Generation Investments
• Transmission Investments