1. ECEN 460 Power System Operation and Control
Lecture 19: Market Demo and Review
Adam Birchfield
Dept. of Electrical and Computer Engineering
Texas A&M University
Material gratefully adapted with permission from slides by Prof. Tom Overbye.

2. Lab 8 demonstration For Lab 8 we are simulating power system markets
You will play as a generator owner and bid in competition with other students

3. Announcements Lab 8 this week 11/2, 11/5, 11/6 Quizzes most Thursdays
No lab 11/9, 11/12, 11/13
Quizzes most Thursdays
Exam 2 is November 15
One new 8.5”x11” note sheet is allowed, in addition to the note sheet from the last exam

4. Exam 2 is November 15
Exam 2 covers any material through today’s lecture
Focus on what came after material for Exam 1 (Lectures 10 to 19)
Be able to do the homework and quiz problems
Study lecture notes, in-class examples, and book reading assignments (Chapter 6)
Note that the power flow formulation in the book is slightly different from the slides. We are using the approach given in the slides.

5. Exam 2 main topics Building a y-bus matrix Power balance equations
Gauss-Siedel and Newton-Raphson methods
Power flow problem formulation and solution
Sensitivities, approximations, contingencies
Economic dispatch
OPF, SCOPF, and LMPs
Electricity markets