This presentation is part of Economics for Wholesale Electricity Markets, a curriculum on the theory and application of economic-engineering concepts underlying competitive electricity markets. Existing Plant Decision-making explores cost analysis for choosing which power plants to run. The presentation accompanies Module 4 in this series: Module 1: T...

This presentation is part of Economics for Wholesale Electricity Markets, a curriculum on the theory and application of economic-engineering concepts underlying competitive electricity markets. Contracts, Auctions, and Exchanges explains the mechanics of energy exchange and the “value” of price. The presentation accompanies Module 6 in this series: ...

This presentation is part of Economics for Wholesale Electricity Markets, a curriculum on the theory and application of economic-engineering concepts underlying competitive electricity markets. System Management discusses managing grid resources for reliability and affordability. The presentation accompanies Module 7 in this series: Module 1: The Langua...

This presentation is part of Economics for Wholesale Electricity Markets, a curriculum on the theory and application of economic-engineering concepts underlying competitive electricity markets. The Language of Costs aims to develop a common understanding of capital costs, operation and maintenance costs, average cost, and variable cost. It also illustrates how...

This presentation is part of Economics for Wholesale Electricity Markets, a curriculum on the theory and application of economic-engineering concepts underlying competitive electricity markets. Services of Different Plants identifies the importance of flexibility and other characteristics of generation. The presentation accompanies Module 2 in this series: ...

This presentation is part of Economics for Wholesale Electricity Markets, a curriculum on the theory and application of economic-engineering concepts underlying competitive electricity markets. Costs of Different Plants identifies and characterizes various types of power plants. It then describes a hypothetical portfolio of various plants, and, finally, it appli...

This presentation is part of Economics for Wholesale Electricity Markets, a curriculum on the theory and application of economic-engineering concepts underlying competitive electricity markets. New Plant Decision-making discusses the basic economics of decisions to build new generating capacity. The presentation accompanies Module 5 in this series: Modu...

RAP's Ranjit Bharvirkar, William Shobe from the University of Virginia, and Dallas Burtraw from Resources for the Future recently delivered four workshops on the Economics for Wholesale Electricity Markets in India. Power Systems Operation Corporation of India (POSOCO) ​hosted the workshops at their national and regional despatch centres: National Loa...