Credits: 3 (3-0-0)
Description
Philosophy of market models, Concepts in micro-economics, Centralized and de-centralized Dispatch Philosophies, Congestion Management, Ancillary Service Management, Transmission Pricing Methods, Loss Allocation Algorithms, Locational Marginal Price (LMP) calculation and properties, Financial Transmission Rights (FTRs), Transmission Expansion Planning, Market Power, Working of International Power Markets, Restructuring Issues in Indian Power Sector.