Restructured Power System
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Follow on Instagram for UpdatesRestructured Power System Syllabus — Unit-wise Content
The official GTU curriculum for Restructured Power System (subject code ME02000751) as prescribed for PS · Semester 2 divides the course into 9 units, covering 67 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 (ME02000751)Unit 1 Introduction to restructuring of power industry
- Understandingtherestructuringp rocess
- Entities involved
- the levels of competition
- the market place mechanisms
- Sector-wisemajor changes required
- Reasons and objectives of deregulation of various power systems across the world
Unit 2 The Philosophy of Market Models
- Monopoly model
- Single buyer model
- Wholesale competition model
- Retail competitionmodel
- Four pillarsofmarketdesign
- Bertrand and Stackel berg competition model
Unit 3 Operation of the Power Grid under Competitive Environment
- Power System Operation in Competitive Environment Role of the independent system operator
- Operational planning activities of ISO: ISO in Pool markets
- ISO in Bilateral markets
- Operational planning activities of a GENCO: GENCOs in Pool and Bilateral markets
Unit 4 Transmission Congestion Management
- Transfer capability
- Importance of congestion management
- Effects of congestion
- Classification of congestion management methods
- Concept of Open Access, ATC, TTC, TRM, CBM, ATC calculation using DC and AC model
- Nodal pricing
- Locational Marginal Prices (LMPs)
- Implications ofnodalpricing
- PriceareacongestionmanagementCapacityalleviationmeth ods, Re-dispatching
Unit 5 Ancillary Service Management
- Type and Classification of ancillary services
- Introduction to Ancillary Service Regulations in India: PRAS
- VCAS and Black start capability service
- Provisions of ancillary services
- Markets for ancillary services
- 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-intrans mission pricing paradigm
- Marginal transmission pricing paradigm
- Composite pricing paradigm
- Merits and de-merits of different paradigms
- Classification of Program Name: Master of Engineering Level: PG Subject Code: ME02000751 Course / Subject Name: Restructured Power System loss allocation methods
- Pro-rata methods
- Incremental methods
- Power flow tracing-based allocation. introduction to Financial Transmission Rights (FTR) and Power Purchase Agreement (PPA)
Unit 7 Market power and generat or s bidding
- Attributes of a perfectly competitive market
- The firm’s supply decision underperfectcompetition
- Ele ctricitymarketsunderimperfect competition Sources of market power
- Effect of market power
- Identifying market power
- HHI Index
- Entropy coefficient
- Lerner index
- Market power mitigation
- Effects of contract for differences
- Role of demand side bidding
- Financial markets
- Introduction to optimal bidding by a generat or company.Computation Tools for Electricity Markets
Unit 8 US and European market evolution
- The ERCOT Market
- Standard Market Design(SMD)
- PJM market
- The Nordic power market
- Comparison of power markets
Unit 9 Reforms in Indian power sector
- Evolution of Indian power sector
- The ABT &Deviation Settlement Mechanism (DSM)
- The Electricity Act 2003 with Electricity (Amendment) Bill
- 2022 and Electricity (Amendment) Rules
- Open Accessissues
- Types of Power Markets in India and Power exchange
- RE policies, RPO
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