Power System Fundamentals
Regulation and deregulation, Condition for deregulation, Problems with regulation, Risk management, Congestion management, ATC, Screening curve.
Competitions in Power Market
What is competition, Efficiency of perfect competition, Marginal cost in power market, Role of marginal cost, Working with marginal cost, Results of marginal cost.
Market Power and Structure
Define market power, Price quality outcomes, Three stages of market power, Using Price quality outcomes to show power, Monopoly in power auction, Market power on demand side.
Fundamental restructure system, Transmission pricing, Restructure models, OASIS, Structure of OASIS, Transfer capability of OASIS.
Designing and Testing Market Rules
Design for competitive prices, Testing of market design, Designing to reduce market power.