Optimization and Electricity Markets
Overview: This course covers the fundamentals of various optimization methods that are used in electricity markets. The course is split into three sections, each corresponding to one full day of lecture material. The sections cover (i) stochastic optimization, (ii) Benders decomposition and SDDP, and (iii) mixed int...
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Introduction to European Electricity Markets
Overview: This workshop provides a description of European markets, focusing on how they differ from US market design. The material covers three specific areas of electricity market design that are currently debated intensely in Europe, comparing to similar US market designs. The focus is specifically on balancing, ...
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Zonal and Nodal Pricing
Overview: This course covers the fundamentals of transmission capacity allocation and pricing, and compares two different paradigms for managing congestion in electricity markets: nodal and zonal pricing. The course is split into four sections, corresponding to one full day of lecture material. The sections cover (i...
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Convex Hull Pricing
Overview: This workshop covers non-uniform pricing in day-ahead electricity auctions with non-convexities. The course is split into three sections, and covers one full day of lecture material. The course is tailored for specialists in the power industry, such as power exchange operators. Section 1: Foundations of co...
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