ECE 588 - Electricity Resource Planning

Semesters Offered

Official Description

Techniques in electricity resource planning including methodologies for reliability evaluation and assessment, production costing, marginal costing, supply-side and demand-side planning, integrated planning, and planning under competition. Course Information: Prerequisite: MATH 415, ECE 313, and ECE 476.

Prerequisites

Credit in MATH 415
Credit in ECE 476
Credit in ECE 313 or STAT 410

Subject Area

Power and Energy Systems

Course Directors

Description

Techniques in electricity resource planning including methodologies for reliability evaluation and assessment, production costing, marginal costing, supply-side and demand-side planning, integrated planning, and planning under competition.

Topics

  • Overview of resource planning: basic principles and processes; relationships with other planning and operation functions; effects of uncertainty
  • Reliability evalutation: basic models of loads and resources; continuous transition Markov process and discrete state characterization; reliability indices and criteria; effective capacity; computational schemes.
  • Reliability worth: basic economic considerations; the value of service concept; customer surveys; computations.
  • Multi-area reliability: model for interconnection systems; maximum flow principles; state space decomposition; Monte Carlo simulation.
  • Production costing: models of loads and resources for probabilistic simulation; multi-state and multi-block units; energy limited plants; storage plants, time-dependent units; expected emission calculations; computational procedures.
  • Marginal costing: basic concepts of short-run marginal energy and marginal capacity costs; evaluation costs.
  • Supply-side planning: optimal resource mix determination; optimal capacity expansion problem; mathematical programming framework; long-run marginal costs; sensitivity analysis.
  • Demand-side planning: characteristics of demand-side programs; economic considerations; assessment of impacts.
  • Integrated planning: framework for consistent assessment of supply and demand-side resources; incorporation of uncertainty; least cost planning; internalization of environmental externalities; mathematical programming formulation.
  • Impacts of competitive environment of planning decisions: the risk issues; the effect of various financial and spot markets.

Detailed Description and Outline

Topics:

  • Overview of resource planning: basic principles and processes; relationships with other planning and operation functions; effects of uncertainty
  • Reliability evalutation: basic models of loads and resources; continuous transition Markov process and discrete state characterization; reliability indices and criteria; effective capacity; computational schemes.
  • Reliability worth: basic economic considerations; the value of service concept; customer surveys; computations.
  • Multi-area reliability: model for interconnection systems; maximum flow principles; state space decomposition; Monte Carlo simulation.
  • Production costing: models of loads and resources for probabilistic simulation; multi-state and multi-block units; energy limited plants; storage plants, time-dependent units; expected emission calculations; computational procedures.
  • Marginal costing: basic concepts of short-run marginal energy and marginal capacity costs; evaluation costs.
  • Supply-side planning: optimal resource mix determination; optimal capacity expansion problem; mathematical programming framework; long-run marginal costs; sensitivity analysis.
  • Demand-side planning: characteristics of demand-side programs; economic considerations; assessment of impacts.
  • Integrated planning: framework for consistent assessment of supply and demand-side resources; incorporation of uncertainty; least cost planning; internalization of environmental externalities; mathematical programming formulation.
  • Impacts of competitive environment of planning decisions: the risk issues; the effect of various financial and spot markets.

Texts

Notes prepared by instructor; current papers in the literature.

Last updated

2/13/2013