## EE 459/611: Smart Grid Economics, Policy, and Engineering## Course DescriptionThis course provides an introduction to electric power markets and the mathematical techniques to better use available energy resources. Topics include the description of thermal power plants and renewable energy sources. Formulation of the cost associated with generation will be presented. Optimization theory will be introduced with the aim of minimizing cost of supplying loads. Particular methods include economic dispatch, unit commitment, and optimal power flow. ## TopicsPower systems economics Optimization theory Economic dispatch Optimal power flow Unit commitment Other smart grid technologies
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