University Course Planner The University of Adelaide Australia

ELEC ENG 4087 - Electricity Market and Power System Operation

Career: Undergraduate
Units: 3
Term: 4020
Campus: North Terrace
Contact: 3 hours per week
Available for Study Abroad and Exchange: Yes
Available for Non-Award Study: Yes
Assumed Knowledge: ELEC ENG 3110
Assessment: Ongoing assessment, examination
Syllabus:

In this course, we learn about the wholesale electricity market and power system operation in terms of energy and ancillary services. The course provides a broad knowledge of the evolution of the power system industry and electricity market over time, rules and regulations, various energy and ancillary services markets and transmission system operation with a focus on Australian Electricity Market. Introduction to deregulation and electricity market: History of power industry, vertically-integrated utility, Problems with regulation, What is deregulation and why is it needed, what should be deregulated, Types of markets, Evolution of deregulation, Entities in the deregulated electricity industry, Types of market in terms of trading arrangement, Open electricity energy markets Market principles and electricity market economics: Modelling consumers, Modelling suppliers, Market equilibrium, Pareto efficiency, Global welfare, Theory of firm: short-run and long-run costs, Marginal cost fallacies, Scarcity rent, Economy of scale and scope, Profit and fixed cost recovery, Market power, Optimisation and market equilibrium problem Ancillary services (AS) market: Definition, Different types of AS for balancing issues, network issues, and system restoration, Compulsory provision of AS, AS market, demand-side AS provision, Impact of AS market on the spot prices, co-optimisation of energy and AS markets, Contingency analysis Transmission system operation: Introduction to the transmission system, Decentralised trading over a transmission network, Physical transmission rights, Issues related to physical transmission rights, Centralised trading over a transmission network, Unconstrained/Constrained transmission system with/without losses, Nodal marginal prices, Variable/fixed/non-technical losses

Course Fees

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Student Status

Domestic
International

What type of place are you studying in

Commonwealth supported
Full fee paying

Study Level

Undergraduate
Postgraduate Coursework
Non Award

Program of Study

Study Abroad student tuition fees are available here

Only some Postgraduate Coursework programs are available as Commonwealth Supported. Please check your program for specific fee information

Units
EFTSL
Amount
3
0.125
          
  


Course Outline

A Course Outline which includes Learning Outcomes, Learning Resources, Learning & Teaching for this course may be accessed here


Critical Dates

Term Last Day to Add Online Census Date Last Day to WNF Last Day to WF
4020 Mon 10/08/2020 Wed 19/08/2020 Fri 30/10/2020 Not Available


Class Details

Enrolment Class: Lecture
Class Nbr Section Size Available Dates Days Time Location
22737 LE01 25 12 28 Jul - 15 Sep Tuesday 2pm - 4pm MyUni, OL, Online Class
30 Jul - 17 Sep Thursday 11am - 1pm MyUni, OL, Online Class
6 Oct - 27 Oct Tuesday 2pm - 4pm MyUni, OL, Online Class
8 Oct - 29 Oct Thursday 11am - 1pm MyUni, OL, Online Class
Related Class: Tutorial
Class Nbr Section Size Available Dates Days Time Location
22738 TU01 25 12 6 Aug - 6 Aug Thursday 3pm - 4pm Barr Smith South, 2040, Teaching Room
20 Aug - 20 Aug Thursday 3pm - 4pm Barr Smith South, 2040, Teaching Room
3 Sep - 3 Sep Thursday 3pm - 4pm Barr Smith South, 2040, Teaching Room
17 Sep - 17 Sep Thursday 3pm - 4pm Barr Smith South, 2040, Teaching Room
15 Oct - 15 Oct Thursday 3pm - 4pm Barr Smith South, 2040, Teaching Room
29 Oct - 29 Oct Thursday 3pm - 4pm Barr Smith South, 2040, Teaching Room
Note: Online class option available - refer to MyUni.