Electricity Resource Planning
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Displaying course information from Fall 2012.
||0800 - 0920
|| T R
||245 Everitt Lab
||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.
||Power and Energy Systems
||Credit in MATH 415
Credit in ECE 476
Credit in ECE 313 or STAT 410
|Detailed Description and Outline
- 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.
Notes prepared by instructor; current papers in the literature.
Last updated: 2/13/2013