RESTRUCTED POWER SYSTEM MEPS-204

RESTRUCTED POWER SYSTEM MEPS-204

Fundamentals of restructured system,Market Architecture,Load Elasticity,Social welfare maximization,OPF:Role in vertically integrated systems and in restructured markets,Congestion Management,Optimal Bidding, Risk assessment and Hedging, Transmission Pricing and Tracing of power,Ancillary Services, Standard Market Design, Distributed Generation in restructured markets,Developments in India, IT applications in restructured markets, Working of restructured power systems :PJM.

REFERENCE BOOKS:

• Understanding electric utilities and de-regulation, Lorrin Philipson, H. Lee Willis, Marcel Dekker Pub., 1998.

• Power system economics: designing markets for electricity Steven Stoft, John Wiley & Sons, 2002.

• Operation of restructured power systems. Kankar Bhattacharya, Jaap E. Daadler, Math H.J. Boolen,Kluwer Academic Pub., 2001.

• Restructured electrical power systems: operation, trading and volatility Mohammad Shahidehpour,Muwaffaq Alomoush, Marcel Dekker Pub., 2001