Fall 2019: Power System Markets and Optimization

This course covers the fundamentals of electric power system markets and the optimization methods required to solve planning and operational problems including economic dispatch, optimal power flow, and unit commitment. The course will highlight recent advances including convex relaxations of the optimal power flow problem, and formulations/solutions to stochastic dispatch problems. Problems will be placed in the context of actual electricity markets, and new issues, such as incorporation of renewable resources and demand response into markets, will be covered. All students will conduct an individual research project.