PS4204 Restructured Power System Syllabus:
PS4204 Restructured Power System Syllabus – Anna University PG Syllabus Regulation 2021
COURSE OBJECTIVES
Students will be able to:
Describe the behavior of deregulated markets in power system.
Describe the technical and non-technical issues in deregulated power industry.
Identify the methods of Local Marginal prices calculation in transmission and the function of financial transmission rights.
Analyze the energy and ancillary services management in deregulated power industry.
Discriminate the restructuring framework US and Indian power sectors
UNIT I INTRODUCTION
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 TRANSMISSION CONGESTION MANAGEMENT
Importance of congestion management in deregulated environment – Classification of congestion management methods – Calculation of ATC – Non-market methods – Market based methods – Nodal pricing – Inter-zonal Intra-zonal congestion management – Price area congestion management – Capacity alleviation method.
UNIT III LOCATIONAL MARGINAL PRICES AND FINANCIAL TRANSMISSION RIGHTS
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 ANCILLARY SERVICE MANAGEMENT AND PRICING OF TRANSMISSION NETWORK
Types of ancillary services -Load-generation balancing related services – Voltage control and reactive power support services – Black start capability service – Mandatory provision of ancillary services – Markets for ancillary services – Co-optimization of energy and reserve services – International comparison. Pricing of transmission network: wheeling – principles of transmission pricing – transmission pricing methods – Marginal transmission pricing paradigm – Composite pricing paradigm – loss allocation methods.
UNIT V MARKET EVOLUTION
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
TOTAL: 45 PERIODS
COURSE OUTCOMES:
Students will be able to:
CO1: Describe the requirement for deregulation of the electricity market and the principles of market models in power systems.
CO2: Analyze the methods of congestion management in deregulated power system
CO3: Analyze the locational marginal pricing and financial transmission rights
CO4: Analyze the ancillary services management
CO5: Differentiate the framework of US and Indian power sectors
REFERENCES
1. Mohammad Shahidehpour, Muwaffaq Alomoush, “Restructured electrical power systems: operation, trading and volatility” Marcel Dekker Pub.,2001.
2. Kankar Bhattacharya, Math H.J.Boolen, and JaapE. Daadler, “Operationofrestructured power systems”, Kluwer AcademicPub.,2001.
3. Paranjothi, S.R., “Modern Power Systems The Economics of Restructuring”, New Age International Publishers, First Edition: 2017.
4. Sally Hunt, “MakingcompetitionworkInelectricity”,JohnWilleyandSonsInc.2002.
5. Steven Stoft,” Power System Economics: Designing Markets for Electricity”,Wiley-IEEE Press, 2002.
6. A. Khaparde, A. R. Abhyankar, “Restructured Power Systems”, NPTEL Course, https://nptel.ac.in/courses/108101005/.