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Lecture
Are you an EPFL student looking for a semester project?
Work with us on data science and visualisation projects, and deploy your project as an app on top of Graph Search.
This lecture covers the fundamentals of power system economics, focusing on the optimal dispatch of power generation units. It discusses the input-output curve of a gas-fired generating unit, market prices, revenue, profit, and cost calculations. The lecture also explores supply and demand modeling, market mechanisms, energy contracts, and the operation of power systems in deregulated environments.