Korean Power Grid at Night
Image: NASA Earth Observatory

Electricity Market 101

Understanding electricity market operations, economic dispatch, and locational marginal pricing in modern power systems.

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What You’ll Learn

  • Fundamentals of electricity market design and operation
  • Formulations of Economic Dispatch (ED) and Optimal Power Flow (OPF)
  • Concepts of Unit Commitment (UC)
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Lecture Videos

Related Documentation

Economic Dispatch

Mathematical foundation of market clearing

Unit Commitment

Day-ahead scheduling optimization

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