IE59000 - Power Systems and Smart GridSpring 2014 Days/Time:
MWF / 1:30-2:20 pmCredit Hours:
To provide the students a holistic view of the various aspects of energy markets and energy systems, and to provide them the fundamental knowledge and skills to address market or policy issues through systems approach. Tentative SyllabusDescription:
This course serves as a graduate-level introduction to the broad subject of power systems. It will focus on the economic fundamentals of power systems and electricity markets, instead of on the electric engineering aspects. Special emphases will be given to presenting the concept and various applications of Smart Grid. Though this course will be self-contained, advanced undergrad or graduate-level economics and/or mathematics training in the area of optimization/operations research will be greatly helpful. The course will cover the basics of electricity, electricity generation and economics of supply and demand. It will then cover the various aspects of electricity market operations in both regulated and deregulated environment. The other part of the course will concentrate on introducing the concept of various components of Smart Grid, and their impacts on an array of frontier issues in the energy industry, including renewables integration, PHEVs and demand side management, and CO2 emissions reductions. Energy policy modeling and analysis, such as policies on greenhouse gas emissions reductions and incentives to green energy investments, will be integrated into the course as well.Topics Covered:
The basics and the supply sie of electricity; the demand side of electricity, the economics of supply and demand in energy markets; transmission and distribution networks, system reliability; Smart Grid.Prerequisites:
Basic level of mathematics education is expected; trainings in microeconomics and operations research are desirable. Web Address:http://www.itap.purdue.edu/learning/tools/blackboard/index.htmlWeb Content:
Syllabus, Grades, Lecture Notes, Homework Assignments, and Solutions.Homework:
Roughly once every month. Homeworks accepted via email at email@example.com.Projects:
Required Case Studies.Exams:
One final exam. Midterm exams are subject to notice.Textbooks:
**Updated Nov. 1, 2013** (Highly Recommended) D. S. Kirschen and G. Strbac. "Fundamentals of Power System Economics." Reprinted edition. John Wiley & Sons Ltd. 2009. ISBN 13: 978-0-470-84572-1. (Highly Recommended) A. Mazer "Electric Power Planning for Regulated and Deregulated Markets." John Wiley & Sons, Inc, 2007.
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