Regulation and Markets

Code:

EEC0117

Acronym:

RMER

Keywords
Classification	Keyword
OFICIAL	Power

Instance: 2011/2012 - 1S

Active?	Yes
Responsible unit:	Department of Electrical and Computer Engineering
Course/CS Responsible:	Master in Electrical and Computers Engineering

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
MIEEC	13	Syllabus (Transition) since 2010/2011	5	-	6	63	162
		Syllabus	5	-	6	63	162

Teaching language

Portuguese

Objectives

This course aims to develop students’ skills on:
1. acquisition and demonstration of advanced knowledge on the electricity sector as far as electricity markets are concerned. Theoretical models and computer applications (CDIO Syllabus: 1.3, 1.4, 2.1, 2.3);
2. treatment, validation and interpretation of results (CDIO Syllabus: 1.3, 2.1, 2.3);
3. autonomous work and bibliography research (CDIO Syllabus: 2.4, 2.5 and 3.3);
4. planning and developing a team work (CDIO Syllabus: 2.4, 2.5 and 3.1);
5. report writing and preparation of oral presentations (CDIO Syllabus: 3.2);
6. understanding of external, enterprise and commercial contexts in which this sector is incorporated (CDIO Syllabus: 4.1 and 4.2);
7. setting objectives and project management (CDIO Syllabus: 4.3 and 4.6)

Program

The program covers the following topics:
- Brief overview about the general aspects of electricity markets;
- Network services- brief overview to cost allocation methods, calculation of nodal marginal long and short term prices; relation between long term costs and transmission system expansion planning;
- Tariff regulation strategies and their application in Portugal;
- Concept of additive tariffs and its application in Portugal;
- Integration of complex proposals in market mechanisms;
- Ancillary services, and integrated dispatch of active and reactive power and voltage control

Mandatory literature

João Paulo Tomé Saraiva, José Luis Pinto Pereira da Silva e Maria Teresa Ponce de Leão; Mercados de electricidade. ISBN: 972-752-053-7

Teaching methods and learning activities

This course uses different teaching methods:
- Theoretical classes: they will be based on the presentation of the above mentioned themes and discussion of practical situations;
- Theoretical-practical classes: they will be essentially assignment-oriented. At the end of the semester, students will have to deliver a written report about their assignment;
- Students will have to deliver an oral presentation about the results obtained in their research regarding the Portuguese tariff system, or network tariff systems in a country to select or about the service quality in power systems. The presentation must not last more than 15 min.

Evaluation Type

Distributed evaluation with final exam

Assessment Components

Description	Type	Time (hours)	Weight (%)	End date
Attendance (estimated)	Participação presencial	56,00
Preparation of report	Trabalho escrito	12,00		2011-12-16
Preparation of a power point presentation	Trabalho escrito	12,00		2011-12-16
Test/final exam	Exame	2,00		2012-02-29
	Total:	-	0,00

Amount of time allocated to each course unit

Description	Type	Time (hours)	End date
Individual study	Estudo autónomo	78	2012-02-29
	Total:	78,00

Eligibility for exams

Assessment components:
- Practical assignment and report (PA);
- Oral Presentation (ORALP), which must not last more than 15 min, about Portuguese tariff system, or network tariff systems in a country to select or about the service quality in power systems.
- Final Exam (FE)

Students will be admitted to exams if they:
- get a minimum grade of 8 out of 20 in the final exam;
- deliver the written report on the practical assignment
- do the above mentioned oral presentation

The practical assignment assesses the following CDIO Syllabus: 1.3, 1.4, 2.1, 2.3, 2.4, 2.5, 3.1, 3.2, 3.3, 4.3 and 4.6.
The oral presentation assesses the following CDIO Syllabus: 2.4, 2.5, 3.2, 3.3, 4.1, 4.2, 4.3 and 4.6.
The final exam assesses the following CDIO Syllabus: 1.3, 1.4, 2.1, 2.3, 2.4 and 2.5.

Calculation formula of final grade

Final Mark will be based on the following formula:
0,25xPA+0,15xORALP+0,6xFE

PA, ORALP and FE: from 0 to 20

Examinations or Special Assignments

Final exam and report about a practical assignment

Classification improvement

Students can improve the grade of the Final Exam.