19-477 Electricity Markets - Management & Operation

3 units, Carnegie Mellon University

Cyberphysical attacks to energy infrastructure, the climate change turmoil, the quest for utilityscale battery technology innovation, the critical matters of retiring nuclear and fossilfueled units that are hard to be properly replaced, and the evergoing discussion about the structure and organization of the recently restructured electricity markets require leadership vision and robust management mindset. All these current matters fall on top of the challenging nature of electricity itself highly variable demand and renewables, hard to store efficiently and in bulk, catastrophic socioeconomic effects when blackouts occur, dependence on highly diverse primary sources of energy, etc. Multiple entities ranging from regulators implementing political decisions, operators handling daytoday operation and all the way to customers associations require for multiobjective decision making at many levels and facades of the industry, while considering the changing environment and planning for the adoption of innovation, standardization and upcoming policy. In this course all the aforementioned parameters and concerns as seen, developed and implemented by all stakeholders in the field, through both their actions and their interactions will be presented and discussed.

Prerequisites: none listed

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