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ECE 588 - Electricity Resource Planning

Last offered Fall 2018

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.

Related Faculty

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.
TitleSectionCRNTypeHoursTimesDaysLocationInstructor
Electricity Resource PlanningL39252DIS40800 - 0920 T R  2017 Electrical & Computer Eng Bldg George Gross