Smart Grids Operation and Economics

Module code: ELE7032-B

Module Aims

The aim is to introduce the student to the operation of smart grids and power systems. The emphasis is placed on the need to balance the desire to operate (as well as plan) as economically as possible with the need to maintain the security of the system. In order to do so in a market context, the module gives an understanding of the economic principles underlying the introduction of competition in the supply and retail of electricity as well as the opening of the transmission and distribution systems to third party access.

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