Optimal Dispatch of Power Generation Units

Related lectures (32)

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Covers bidding strategies, Game Theory, Nash equilibrium, system security, ancillary services, and market power in power systems.

Explores the transition to market competition in electricity supply, promoting efficiency and lower prices.

Explores the basics of supply and demand, analyzing profit maximization and factors influencing supply.

Explores energy contracts, spot markets, and risk management strategies in power system restructuring and deregulation.

Explores ancillary services, capacity market, and electricity market liberalization, emphasizing system balancing and peak demand challenges.

Explains the concepts of supply, willingness to accept, and market dynamics, focusing on production costs and elasticity of supply.

Explores the economic impact of innovations, focusing on valuation, consumer surplus, and welfare effects.

Explores profit maximization conditions, resource variation effects, expansion paths, and state interventions in microeconomics.

Examines market regulation, focusing on external benefits and the effects of subsidies on equilibrium price and quantity.