Network Economics and the Regulatory Environment

This course aims to introduce learners to the most important concepts that affect power system operation, economics and investments. It will start by introducing basic components regarding network operation including tools used by system and market operators, planners, as well as market participants. Differences in the design and some aspects of the electricity market operation will also be explained.

System operators, as well as owners and investors, also need to understand what the operational costs of running the system are. They also need to know where to invest, and how much new investment will cost. The most important concepts that will help understand and answer these questions are presented in in sections on OPEX and CAPEX, Reliability, Losses and Efficiency.

Principal issues regarding monitoring and maintenance of the network and individual system components are introduced so to explain additional techniques and equipment that are often used by system operators and owners.

Finally, understanding policies that are regulating environmental aspects of power system operation will help recognize some additional challenges of operating low-carbon power system networks.

Unit 1 is not available for purchase as it contains the overview and learning objectives for the full course.

All prices shown are exclusive of VAT which will be added at checkout.