EE 4580: Economic Systems for Electric Power Planning
Credits: 3. Contact Hours: Lecture 3.
Prereq: EE 3030 or ECON 3010
Evolution of electric power industry. Power system operation and planning and related information systems. Linear and integer optimization methods. Short-term electricity markets and locational marginal prices. Risk management and financial derivatives. Basics of public good economics. Cost recovery models including tax treatment for transmission investments.