Northwest Workforce Training on Smart Grid > Graduate Courses
G10: Short-Term Power System Economics
The overall cost of producing electrical energy is so large that the system should be operated as close to the optimum as possible. However, this quest for optimality must take into account the need to maintain the reliability of the energy supply.
This course covers the fundamental problems of power system economics (economic dispatch, unit commitment, optimal power flow) as well as the structure and operation of competitive electricity markets.
