Optimization of liberalized electric power systems

Objective

Understand optimization functions of a liberalized, network based electrical power system, including the mathematical formulation, the algorithmic solution of power exchange and network optimization problems with non-linear models of electrical networks, power production and power market systems

Content

Mathematical optimization methods, Karush-Kuhn-Tucker optimality conditions, Equality constrained non-linear optimization, Linear Programming (LP) (Simplex, Interior Point), Quadratic Programming (QP) and applications; Non-linear optimization; Goals of a power exchange (PX), of the "independent system operator" (ISO), of the regulatory institutions, of the new electric power utilities; Principles of optimization of a power exchange: Offer-Bids; Optimal regulated network operation: Payments for network use, long- and medium term network optimization as goals; Handling of network security limitations by optimization methods; Optimization methods to determine the efficiency of networks; Optimization of ancillary services as part of the liberalized electric power system.

Resources