Università degli Studi di Napoli "Parthenope"

Teaching schedule

Academic year: 
2021/2022
Belonging course: 
Course of Master's Degree Programme on MANAGEMENT ENGINEERING
Location: 
Napoli
Disciplinary sector: 
ELECTRICAL POWER SYSTEMS (ING-IND/33)
Language: 
English
Credits: 
9
Year of study: 
1
Teachers: 
Cycle: 
First Semester
Hours of front activity: 
72

Language

ENGLISH

Course description

The liberalization of the electricity market enabled many new opportunities. This course aims at giving skills to understand the structure and dynamics of electricity markets and interpret the main rules of the EU/Italian market. In addition, forecasting models for different variables, necessary to participate in electricity markets (e.g., energy demand and generation, prices) are also presented and implemented through numerical applications.
DUBLIN DESCRIPTORS

1.Knowledge and understanding
The student must know:
- the structure and dynamics of an electricity market;
- the main rules of the EU/Italian market;
- the forecasting models for energy demand and generation, and prices.

2.Applying knowledge and understanding
The student must demonstrate proficiency in
- integrating knowledge in the framework of electricity markets and electrical power systems;
-to apply forecasting models for energy demand and generation, and prices.

3.Making judgments
The student must demonstrate basic knowledge for treating and investigating, in an autonomous way, the problems related to structure and dynamics of electricity markets.

4.Communication skills
The student must demonstrate the ability to easily explain to people:
- the structure and dynamics of an electricity market;
- forecasting models for energy demand and generation, and prices.

5.Learning skills
The student must be able to gather information about structure and dynamics of electricity markets through texts, standards and publications in order to acquire the ability to undertake further courses, specialized seminars and master

Prerequisites

The student must have acquired the following knowledge provided by the courses of "Electrical circuits and Network Analysis":
The circuit model: ideal circuit elements, voltage and current. Kirchhoff’s laws. Linear resistive circuits: series and parallel equivalence, superposition principle, Thevénin-Norton’s theorem. Linear circuits in DC and AC steady state. Complex power, active power, reactive power, and conservation properties. Dynamical circuits, general methods of solution. Symmetric three-phase circuits: balanced, unbalanced.

Syllabus

1) Introduction
Electrical power systems: principles, definitions, units of measurement.
Principles of microeconomics in the electricity markets.
2) Principles of the electricity markets:
Liberalization and deregulation.
Market actors, roles and organization.
Time structure of the markets. Energy markets, ancillary service market, capacity market.
Bilateral contracts and electricity pool.
3) Day-Ahead Markets
Market solution as an optimization problem.
Valorization mechanisms.
Zonal market. Application to the Italian case and to the European market coupling.
4) Intraday and balancing markets.
Unbalancing and one-price / two-price system. Application to the Italian case.
5) Ancillary service markets.
Ancillary services.
Enhancement. Application to the Italian case.
6) Forward markets. Application to the Italian case.
7) Competition in the electricity markets.
8) Investments in electric power plants
9) Impact, role and participation of renewables in electricity markets.
10) Prices and energy forecasting applied to electricity markets.
Generalities and classification of forecasting methods. Time horizons. Types of the output of forecasting methods.
Evaluation of the forecasting accuracy.
11) Benchmark methods. Methods based on time series. Methods based on linear regression models. Machine learning methods.
12) Applications of forecasting methods in a simulation environment. Project work.

The contents of the course are:
Introduction to electrical power systems
Fundamentals of the electricity markets
Day-Ahead Markets, Intraday and Balancing Markets
Ancillary service Markets
Forward Markets.
Competition in the electricity markets
Impact, role and participation of renewables in electricity markets
Price and energy forecasting applied to electricity markets.

Teaching Methods

Lectures, class exercises

Textbooks

A. Cretì, F. Fontini. Economics of electricity: Markets, competition and rules.
C. Harris. Electricity markets: Pricing, structures and economics.
R.J. Hyndman, G. Athanasopoulos. Forecasting: Principles and practice.
Lecture notes.

Learning assessment

The exam consists of an oral test in which the level of knowledge of the topics addressed during the course will be assessed. The oral exam typically involves two/three questions. The exam has a total duration of about one hour.
The final grade is the average of the grades obtained by the student for the questions.

More information

Student interaction timetable
Information about the timetable for student interaction is available at the following link:
https://uniparthenope.esse3.cineca.it/Guide/PaginaDocente.do?docente_id=...