18-875 Engineering and Economics of Electric Power Systems Units: 12.0 Department: Electrical & Comp. Eng. Cross-listed: 19-734 , 45-855 , 45-856 Related URLs: http://www.ece.cmu.edu/ The course has two parts. The first part introduces basic components and networks used in the electric power industry. This is followed by systematic modeling of these components, as well as of the entire system. Methods for modeling and analyzing both system equilibria and dynamics are presented. Simulations and lab demos are given to simulate and analyze typical system blackouts. This is followed by introducing decision and control methods for preventing these problems, as well as for managing the system more reliably, securely and efficiently over broad ranges of its operating conditions. The emphasis is on IT, software and control (both distributed and coordination) for achieving pre-specified system performance. This part of the course will involve simulation demos and hands on studies in which students create their own power network, simulate it and assess for performance. The second part of the course will review the industry structure, the experience with deregulatio n, and economic issues concerning choice of generating fuel and technology, the costs of blackouts, and environmental discharges. The course will integrate engineering and economic aspects to examine the design, investment, and operations that satisfy public desires for low cost, nonpolluting, reliable, and secure power. Knowledge of basic electric circuits and/or basic economics is assumed. 3 hrs. lec., 1 hr. rec. Prerequisites: Basic electric circuits and/or basic economics and at least graduate standing.

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