| 1. | Course Title | Operation of Electricity Markets | |||||||||||
| 2. | Code | 4ФЕИТ09016 | |||||||||||
| 3. | Study program | 3-EES, 17-REEKS | |||||||||||
| 4. | Organizer of the study program (unit, institute, department) | Faculty of Electrical Engineering and Information Technologies | |||||||||||
| 5. | Degree (first, second, third cycle) | Second cycle | |||||||||||
| 6. | Academic year/semester | I/1 | 7. | Number of ECTS credits | 6.00 | ||||||||
| 8. | Lecturer | Dr Petar Krstevski | |||||||||||
| 9. | Course Prerequisites | ||||||||||||
| 10. | Course Goals (acquired competencies):
This course is designed to provide advanced knowledge on the principles of the electricity markets operation and the types of electricity markets. The students will be capable of understanding the impact of the transmission networks to the electricity market operation and integration into a single market. |
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| 11. | Course Syllabus:
1. The electricity as a merchandise; 2. Need for organized markets for electricity; 3. Evolution of electricity markets and competition models; 4. Fundamentals of economics; 5. Types and organization models of electricity markets; 6. Participating in electricity markets; 7. Impact of the transmission networks on the electricity markets; 8. Ancillary services and markets for ancillary services; 9. Regional integration of electricity and ancillary services markets – European target market model, Algorithms for market coupling. |
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| 12. | Learning methods:
Creation and presentation of projects and seminary tasks. |
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| 13. | Total number of course hours | 180 | |||||||||||
| 14. | Distribution of course hours | 3 + 3 | |||||||||||
| 15. | Forms of teaching | 15.1 | Lectures-theoretical teaching | 45 hours | |||||||||
| 15.2 | Exercises (laboratory, practice classes), seminars, teamwork | 45 hours | |||||||||||
| 16. | Other course activities | 16.1 | Projects, seminar papers | 30 hours | |||||||||
| 16.2 | Individual tasks | 30 hours | |||||||||||
| 16.3 | Homework and self-learning | 30 hours | |||||||||||
| 17. | Grading | ||||||||||||
| 17.1 | Exams | 0 points | |||||||||||
| 17.2 | Seminar work/project (presentation: written and oral) | 60 points | |||||||||||
| 17.3. | Activity and participation | 0 points | |||||||||||
| 17.4. | Final exam | 40 points | |||||||||||
| 18. | Grading criteria (points) | up to 50 points | 5 (five) (F) | ||||||||||
| from 51 to 60 points | 6 (six) (E) | ||||||||||||
| from 61 to 70 points | 7 (seven) (D) | ||||||||||||
| from 71 to 80 points | 8 (eight) (C) | ||||||||||||
| from 81 to 90 points | 9 (nine) (B) | ||||||||||||
| from 91 to 100 points | 10 (ten) (A) | ||||||||||||
| 19. | Conditions for acquiring teacher’s signature and for taking final exam | Finished and presented project tasks. | |||||||||||
| 20. | Forms of assessment |
The exam is passed by finishing and presenting 4 project tasks that bring up to 15 points each. After that, a final oral exam/presentation is performed, that brings up to 40 points. |
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| 21. | Language | Macedonian and English | |||||||||||
| 22. | Method of monitoring of teaching quality | Self evaluation | |||||||||||
| 23. | Literature | ||||||||||||
| 23.1. | Required Literature | ||||||||||||
| No. | Author | Title | Publisher | Year | |||||||||
| 1. | Daniel S. Kirschen, Goran Strbac | Fundamentals of Power System Economics, 2nd Edition | Wiley | 2018 | |||||||||
| 2. | Steven Stoft | Power System Economics: Designing Markets for Electricity | Wiley-IEEE Press | 2002 | |||||||||
| 23.2. | Additional Literature | ||||||||||||
| No. | Author | Title | Publisher | Year | |||||||||
| 1. | N. Katic, V. Borozan, S. Halilcevic | Ekonomija elektroenergetskih sistema | CEFES – EU Tempus Project CD JEP-18126-2003 | 2007 | |||||||||
| 2. | Nojavan, Sayyad, Zare, Kazem (Eds.) | Electricity Markets – New Players and Pricing Uncertainties | Springer | 2020 | |||||||||
