Regulation and Markets

Code:

EEC0117

Acronym:

RMER

Keywords
Classification	Keyword
OFICIAL	Power

Instance: 2015/2016 - 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	10	Syllabus	5	-	6	56	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)

Learning outcomes and competences

Advanced skills related with the design and operation of electricity markets, regulatory strategies and conception of the tariff system in force in Portugal mainland. Development and consolidation of skills related with the preparation of written reports and the delivery of oral presentations.

Working method

Presencial

Program

The program covers the following topics:
- Brief overview about the general aspects of electricity markets;
- Network services- brief overview to cost allocation methods. Methodologies to calculate in a systematich way 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 - general concepts, general overview on the provision of ancillary services at the international level and contracting of secondary and tertiary reserves in Portugal and Spain. Strategy adopted in MIBEL to create integrate mechanisms to contract secondary and tertiary reserves.

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

Designation	Weight (%)
Defesa pública de dissertação, de relatório de projeto ou estágio, ou de tese	15,00
Exame	60,00
Trabalho escrito	25,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Elaboração de relatório/dissertação/tese	28,00
Estudo autónomo	78,00
Frequência das aulas	56,00
Total:	162,00

Eligibility for exams

Students will be admitted to exams if the following three conditions are simultaneously obtained:
- 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

Calculation formula of final grade

The final garde will be obtained using the following formula:
0,25xPA+0,15xORALP+0,6xFE

In this expression PA, ORALP and FE are grades from 0 to 20 obtained in the practical assignment (including the written report), in the oral presentation and in the final exam.

Examinations or Special Assignments

The assessment components are:
- 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).

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.

Special assessment (TE, DA, ...)

Final exam and report about the practical assignment mentioned above.

Classification improvement

Students can improve the grade of the Final Exam.

Observations

Obtaining frequency in this course requires the knowledge of topics addressed in the course on Markets and Quality. It is the responsibility of the students to ensure having the knowledge of such issues.