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Course Weekly Lecture Plan

Week Topic
1 1 Introduction, Why competition? Market players, Models of competition
2 Basic concepts from economics, Fundamentals of markets
3 Types of markets, Markets with imperfect competition
4 Markets for electrical energy, The need for a managed spot market
5 Open electrical energy market, The managed spot market
6 Participating in markets for electrical energy, The consumer’s perspective
7 The producer’s perspective
8 System security and ancillary services
9 Obtaining, buying and selling ancillary services
10 Transmission networks and electricity markets, Decentralized trading over a transmission network
11 Centralized trading over a transmission network, Constrained transmission
12 Mathematical formulation of nodal pricing
13 Investing in generation
14 Investing in transmission
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