The course, developed by Case Western Reserve University (CWRU) and the Electric Power Research Institute (EPRI), teaches participants about the electrical power system infrastructure and reliability operation, including the marginal cost-based pricing mechanism underlying wholesale electricity market design.
Additional topics include market settlement, capacity and Financial Transmission Right (FTR) markets, and management of generation portfolios by the load-serving entities. Impacts from integrating intermittent renewable generation, energy storage, and demand-side resources will also be discussed.
Online Market Simulator
As a feature of the course, CWRU has developed an online electricity market simulator that allows course participants to rehearse realistic market clearing scenarios while acting as market participants.
The interactive market simulation exercises supplement the course lectures with hands-on learning experience. Course participants will retain online access to the market simulator tool for six months.
Who Should Attend
This course is intended for students and professionals who seek fundamental understanding of the wholesale electricity market design and operation. Course materials will be quantitative.
Basic knowledge in electric circuit and microeconomics will be helpful but not a prerequisite.
The course serves learning needs in academic institutions, business organizations and regulatory offices where a tangible knowledge about the electricity market is an essential part of study, business operation or policy decision making.
Successful completion of the course qualifies participants for 16 hours toward your professional license - continuing education requirements.
To inquire about attending a future workshop, or if you are interested in hosting a workshop for employees at your organization, please contact EIDA@case.edu or call 216-368-0889.
Vincenzo Liberatore, Associate Professor, Electrical Engineering and Computer Science, Case Western Reserve University, Cleveland, Ohio.
Dr. Liberatore holds a Laurea degree in Electrical Engineering from the University of Rome"La Sapienza" and a Ph.D. in Computer Science from Rutgers University. His previous appointments include a visiting position at Bell Labs, a research associate position at the University of Maryland, College Park, and senior software engineer position at Tokutek (now Percona). Prof. Liberatore has extensive publications in networking, theoretical computer science, and compilers. His current research interests are in the area of networked control systems and their applications to Internet robotics and to distributed simulations. Prof. Liberatore served on the program committees of the Workshop on Factory Communication Systems (WFCS), and the International Conference on Mobile Data Management (MDM).