Lecture

Power System Restructuring & Deregulation

Graph Chat

Chat with Graph Search

Ask any question about EPFL courses, lectures, exercises, research, news, etc. or try the example questions below.

DISCLAIMER: The Graph Chatbot is not programmed to provide explicit or categorical answers to your questions. Rather, it transforms your questions into API requests that are distributed across the various IT services officially administered by EPFL. Its purpose is solely to collect and recommend relevant references to content that you can explore to help you answer your questions.

In course

EE-570: Power system restructuring and deregulation

This course presents different types and mechanisms of electricity markets. It addresses in particular their impacts on power/distribution systems operation and consequently the appropriate strategies capable to ensure a secure and reliable functioning. ...

Description

This lecture covers energy contracts, market mechanisms, locational marginal pricing, and economic dispatch in power systems. It explains the social welfare maximization, Pareto optimal solutions, and congestion management strategies using examples.

Instructor

Sidi-Rachid Cherkaoui

Rachid Cherkaoui received the M.S. degree in electrical engineering and the Ph.D. degree from Swiss Federal Institute of Technology (EPFL), Lausanne, in 1983 and 1992 respectively. From 1983 to 1987, he worked at Entreprises Electriques Fribourgeoises (Swiss electrical utility) developing a state estimator and security analysis tools for the HV transmission system of that company. From 1987 to 1992, he joined the power system laboratory of EPFL where he achieved his Ph.D. thesis in the field of optimal operation topologies for distribution systems. In this respect, he was the recipient of the ABB Swiss Award83. Since 1993, he is leading the research activities in the field of optimization and simulation techniques applied to electrical power and distribution systems. Presently his main research topics are electricity market deregulation, distributed generation and storage, and, power system vulnerability mitigation. He is senior member of IEEE, member of technical program committees of various conferences, member of CIGRE task forces C5-2, and IEEE Swiss Chapter officer since 2005. He serves regularly as reviewer for different journals and conferences. Dr. Cherkaoui is the author or co-author of more than 50 scientific publications.

Official source

Related concepts (32)

Garden tool

A garden tool is any one of many tools made for gardening and landscaping, which overlap with the range of tools made for agriculture and horticulture. Garden tools can be divided into hand tools and power tools. Hand tool Today's garden tools originated with the earliest agricultural implements used by humans. Examples include the hatchet, axe, sickle, scythe, pitchfork, spade, shovel, trowel, hoe, fork, and rake. In some places, the machete is common. The earliest tools were made variously of wood, flint, metal, tin, and bone.

Machine tool

A machine tool is a machine for handling or machining metal or other rigid materials, usually by cutting, boring, grinding, shearing, or other forms of deformations. Machine tools employ some sort of tool that does the cutting or shaping. All machine tools have some means of constraining the workpiece and provide a guided movement of the parts of the machine. Thus, the relative movement between the workpiece and the cutting tool (which is called the toolpath) is controlled or constrained by the machine to at least some extent, rather than being entirely "offhand" or "freehand".

Social welfare function

In welfare economics, a social welfare function is a function that ranks social states (alternative complete descriptions of the society) as less desirable, more desirable, or indifferent for every possible pair of social states. Inputs of the function include any variables considered to affect the economic welfare of a society. In using welfare measures of persons in the society as inputs, the social welfare function is individualistic in form.

Welfare economics

Welfare economics is a field of economics that applies microeconomic techniques to evaluate the overall well-being (welfare) of a society. This evaluation is typically done at the economy-wide level, and attempts to assess the distribution of resources and opportunities among members of society. The principles of welfare economics are often used to inform public economics, which focuses on the ways in which government intervention can improve social welfare.

Marginalism

Marginalism is a theory of economics that attempts to explain the discrepancy in the value of goods and services by reference to their secondary, or marginal, utility. It states that the reason why the price of diamonds is higher than that of water, for example, owes to the greater additional satisfaction of the diamonds over the water. Thus, while the water has greater total utility, the diamond has greater marginal utility.

Related lectures (64)

Optimal Dispatch of Power Generation Units

Explores the optimal dispatch of power generation units and the economics of power systems in deregulated environments.

Transmission Pricing & Congestion Management

Explores transmission pricing, congestion management, and redispatching techniques in power systems to optimize costs and ensure fair transactions.

Bidding Strategies: Game Theory & Market Power

Covers bidding strategies, Game Theory, Nash equilibrium, system security, ancillary services, and market power in power systems.