PEE339: POWER SYSTEM OPERATION UNDER DEREGULATION

 

Course Objectives:

1.      To understand the deregulation of electric utilities.

2.      To explain restructuring models, ISO and trading arrangements

3.      To discuss Open access transmission system with examples

4.      To discuss concept of wheeling of power

Deregulation: Introduction, Deregulation of electric utilities, Competitive whole sale electricity market: Transmission expansion in new environment, Transmission open access, pricing electricity in deregulated environment

 

Fundamentals of Deregulation: Privatization and deregulation, Motivations for Restructuring the Power industry; Restructuring models and Trading Arrangements: Components of restructured systems, Independent System Operator (ISO): Functions and responsibilities, Trading arrangements (Pool, bilateral & multilateral)

 

Open Access Transmission Systems: Different models of deregulation: U K Model, California model, Australian and New Zealand models, Deregulation in Asia including India, Bidding strategies, forward and Future market; Operation and control: Old vs New, Available Transfer Capability, Congestion management, Ancillary services.

Wheeling charges and pricing: Wheeling methodologies, pricing strategies

 

Course Learning Outcomes (CLO):

On the completion of the course, the student will be able

1.      To understand issues related to whole sale electricity market.

2.      To make comparison estimation of prevailing open access transmission models.

3.      To conceptualise the wheeling of power and price strategies

4.      To understand the electricity business

 

 

Recommended Books:

1.     Yong-Hua song, Xi-Fan wang, “Operation of Market Oriented Power systems”, Springer (2003).

2.     Electricity markets, report of planning commission India