Northwest Workforce Training on Smart Grid > Graduate Courses > G8
Course Description
Goals
To introduce students to
- Electric energy policy
- Long-term economics of power systems
- Operating costs estimation in power systems
Learning Objectives
At the end of this course, you will be able to
- Understand the reasons for deregulation
- Have a glimpse of the near future and the Smart Grid
- Understand the basic rationale behind generation and transmission expansion plan
- Understand the tools used to assess the operating costs of a power system
Syllabus
The course is divided into six modules, as follows:
Electric Energy Policy
- Introduction
- Deregulation
- Smart grid and electricity sales
- Smart electric pricing
- The regulatory needs
- The uncertain future of sales
- The power shift
Investment in Generation Resources
- Introduction
- The investor's perspective
- The consumer's perspective
- Planning for the next few decades
Production Cost Evaluation
- Introduction
- Uses and types of production cost programs
- Probabilistic production cost programs
- Unserved Load Distribution Method
- Expected Cost Method
Investment in Transmission
- Introduction
- The nature of the transmission business
- Cost-based transmission expansion
- Value-based transmission expansion
- Transmission Planning in the US
Asset Management
- Introduction
- Asset ownership and governance
- Condition monitoring
- Asset replacement analysis
- Risk management and insurance consequences
- Asset information acquisition
Business Models for the Evolved Industry
- Energy Efficiency (EE)
- Business Models
- The Smart Integrator (SI)
- The Energy Services Utility (ESU)
Course Structure
- Each lecture is 50 minutes
- There are approximately 40 lectures in the course
- At the end of each of 10 modules there is assigned homework
