Power System Restructuring
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Power System Restructuring Syllabus — Unit-wise Content
The official GTU curriculum for Power System Restructuring (subject code 2740702) as prescribed for EE · Semester 4 divides the course into 6 units, covering 42 listed topics. The unit-wise breakdown below is read from the GTU syllabus document for this subject code, so you can check what the course actually covers before deciding which papers to attempt.
Download the official syllabus PDF (2740702)Unit 1 Introduction to restructuring of power industry
- Reasons for restructuring of power industry
- Understanding the restructuring process
- Entities involved
- The levels of competition
- The market place mechanisms
- Sector-wise major changes required
- Reasons and objectives of deregulation of various power systems across the world
Unit 2 Fundamentals of Economics
- Consumer and suppliers behavior
- Total utility and marginal utility
- Law of diminishing marginal utility
- Elasticity of demand and supply curve
- Market equilibrium
- Consumer and supplier surplus
- Global welfare
- Deadweight loss
Unit 3 The Philosophy of Market Models
- Monopoly model
- Single buyer model
- Wholesale competition model
- Retail competition model
- distinguishing features of electricity as a commodity
- Four pillars of market design
- Bertrand and Stackelberg competition model
Unit 4 Transmission Congestion Management
- Transfer capability
- Importance of congestion management
- Effects of congestion
- Classification of congestion management methods, ATC, TTC, TRM, CBM, ATC calculation using DC and AC model
- Nodal pricing
- Locational Marginal Prices (LMPs)
- Implications of nodal pricing
- Price area congestion management Capacity alleviation methods
Unit 5 Ancillary Service Management
- Type and Classification of ancillary services
- Sources of reactive power
- Black start capability service
- Provisions of ancillary services
- Markets for ancillary services
- Co-optimization of energy and reserve services
- Loss of opportunity cost
- International practices of ancillary services
Unit 6 Pricing of transmission network usage and loss allocation
- Introduction to transmission pricing
- Principles of transmission pricing
- Classification of transmission pricing
- Rolled-in transmission pricing paradigm
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