|
Week |
Subject |
Related Preparation |
1) |
Overview of Power Systems and its economy
Course schedule and expectations |
|
2) |
What is the competition?
competitive models
monopoly
Procurement organization
Wholesaling
Retailing
Privatization and competition |
|
3) |
Basic Economic Concepts, basic information on the markets:
modeling of consumers
modeling of manufacturers |
|
4) |
Basic Economic Concepts, basic information on the markets:
Market equilibrium
Pareto efficiency
Social welfare |
|
5) |
Basic Economic Concepts, Concepts related to the Company Theory
Production inputs and outputs
costs
Short-and long-term |
|
6) |
Basic Economic Concepts, market types:
Spot market
Contracts (Markets and Futures Contracts, Options, Differences Contract)
Non-Competetive Markets(Duopoly, Monopoli) |
|
7) |
Electricity Markets, Definitions and rules:
The spot market and the need for management
Energy markets open to competition (bilateral trade, electricity pool) |
|
8) |
Mid-Term / Electricity Markets: Balancing-Reconciliation process Spot market management |
|
9) |
Electricity Markets:
Balancing-Reconciliation process
Spot market management |
|
10) |
Electricity Markets, different participants:
The consumer side (retail sales)
producer side |
|
11) |
Producer side:
full competition
Produce / buy
Imperfect competition |
|
12) |
Location of marginal low-cost manufacturing plants in the position,
Hybrid participants |
|
13) |
Examples |
|
14) |
FINAL / System Security and Additional Services:
Balancing issues
Network issues,
The system repair (restoration) |
|
Course Notes: |
1. Ana Kitap: “Fundamentals of Power System Economics”, Daniel Kirschen, Goran Strbac, 2004
2. Yardımcı Kitap: Power System Economics Designing Markets for Electricity, Steven Stoft, 2002
Ders notları ve diğer ek bilgiler, dersten sorumlu öğretim elemanı tarafından sağlanacaktır.
1. Major Refernce Book:“Fundamentals of Power System Economics”, Daniel Kirschen, Goran Strbac, 2004
2. Additional Reference Book:Power System Economics Designing Markets for Electricity, Steven Stoft, 2002 |
References: |
1. Major Refernce Book:“Fundamentals of Power System Economics”, Daniel Kirschen, Goran Strbac, 2004
2. Additional Reference Book:Power System Economics Designing Markets for Electricity, Steven Stoft, 2002 |
|
Program Outcomes |
Level of Contribution |
1) |
Integration and application of limited or missing information by using scientific methods and ability to combine information from different disciplines
|
|
2) |
Gaining the abilitiy to reach the knowledge by employing scientific research and literature survey |
|
3) |
Building energy and environment-oriented engineering problems, producing solutions by employing innovative methods |
|
4) |
Gaining ability to develop innovative and original ideas, designs and the solutions
|
|
5) |
Gaining knowledge and information on modern techniques and methods that are available in engineering applications and comprhensive knowledge on adaptation and applicability of these techniques |
|
6) |
Ability to employ analytical, modeling, and experimental design, and implement research-based applications; ability to analyze and interpret complex conditions might occure during this process
|
|
7) |
Leadership in multi-disciplinary teams, offering solutions for complex cases and undertaking responsibility in such cases |
|
8) |
Expressing professional skills and results of the studies verbally or written in national or international environments |
|
9) |
Adequacy on consideration of social, scientific and ethical values on any professional work |
|
10) |
Awareness about innovations on operations and application areas of the profession and ability to review and learn improvements when necessary
|
|
11) |
Understanding social and environmental extents of engineering applications and ability to harmony with the social environment
|
|