Restructured Power Market detailed syllabus for Electrical & Electronics Engineering (EEE) for 2021 regulation curriculum has been taken from the Anna Universities official website and presented for the EEE students. For course code, course name, number of credits for a course and other scheme related information, do visit full semester subjects post given below.
For Electrical & Electronics Engineering 5th Sem scheme and its subjects, do visit EEE 5th Sem 2021 regulation scheme. For Professional Elective-I scheme and its subjects refer to EEE Professional Elective-I syllabus scheme. The detailed syllabus of restructured power market is as follows.
Course Objectives:
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Unit I
INTRODUCTION 9 Reasons for restructuring – Understanding the restructuring process – objectives of deregulation of various power systems across the world – Consumer behavior – Supplier behavior – Market equilibrium – Short-run and Long-run costs – Various costs of production. The Philosophy of Market Models: Market models based on contractual arrangements – Market architecture .
Unit II
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Unit III
LOCATIONAL MARGINAL PRICES(LMP) AND FINANCIAL TRANSMISSION RIGHTS 9 Fundamentals of locational marginal pricing – Lossless DCOPF model for LMP calculation – Loss compensated DCOPF model for LMP calculation – ACOPF model for LMP calculation – Risk Hedging Functionality Of financial Transmission Rights – FTR issuance process – Treatment of revenue shortfall – Secondary trading of FTRs – Flow Gate rights – FTR and market power.
Unit IV
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Unit V
MARKET EVOLUTION 9 US markets: PJM market – The Nordic power market – Reforms in Indian power sector: Framework of Indian power sector – Reform initiatives – availability based tariff (ABT) – The Electricity Act 2012 -Open Access issues – Power exchange.
Skill Development Activities
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Course Outcomes:
Students will be able to:
- describe the requirement for deregulation of the electricity market and the philosophy of various market models
- analyze the various methods of congestion management in deregulated power system
- analyze the locational marginal pricing and financial transmission rights
- analyze the ancillary service management
- analyze transmission pricing paradigm
- understand the evolution of deregulation in Indian power sector
Text Books:
- Mohammad Shahidehpour, Muwaffaq Alomoush, Restructured electrical power systems: operation, trading and volatility Marcel Dekker Pub., 2001, 1st Edition.
- Kankar Bhattacharya, MathH.J.Boolen, and Jaap E.Daadler, “Operation of restructured power systems, Kluwer Academic Pub.,2001, 1st Edition.
Reference Books:
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List of Open Source Software/ Learning Website:
- S.A. Khaparde, A.R. Abhyankar, “Restructured Power Systems”, NPTEL Course, https://nptel.ac.in/courses/108101005/.
For detailed syllabus of all the other subjects of Electrical & Electronics Engineering 5th Sem, visit EEE 5th Sem subject syllabuses for 2021 regulation.
For all Electrical & Electronics Engineering results, visit Anna University EEE all semester results direct link.