ECE 588
ECE 588 - Electricity Resource Planning
Fall 2018
| Title | Rubric | Section | CRN | Type | Hours | Times | Days | Location | Instructor |
|---|---|---|---|---|---|---|---|---|---|
| Electricity Resource Planning | ECE588 | L | 39252 | DIS | 4 | 0800 - 0920 | T R | 2017 Electrical & Computer Eng Bldg | George Gross |
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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.
Subject Area
- Power and Energy Systems
Course Director
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