Jose Ignacio Perez-Arriaga, Christopher Roland Knittel, Carlos Batlle Lopez developed and taught the course at MIT in the spring 2014 term. This transfer website hosts all the course materials as well as the master planning documents for the course.
COURSE OVERVIEW
The course presents an in-depth, interdisciplinary perspective of electric power systems, with regulation providing the link among the engineering, economic, legal, and environmental viewpoints. Topics addressed include: Generation dispatch, demand response, optimal network flows, risk allocation, reliability of service, renewable energy sources, ancillary services, tariff design, distributed generation, rural electrification, environmental impacts, and strategic sustainability issues.These topics are examined under both traditional and competitive regulatory frameworks. The course explores the engineering, economic, and legal basis to critically evaluate the regulatory instruments that are used worldwide for electricity supply activities that are performed as regulated monopolies or under competitive conditions. Most of these regulatory approaches are also applicable to other industrial sectors. This course provides a comprehensive understanding of electric power systems that applies to research in this field, as well as for future professional activities in the energy sector, whether in industry, government or consulting.
