Power Generation and Trading

 

Description of the lecture

The Power Generation and Energy Trading lecture consists of four essential parts. In the first two parts thermodynamic fundamentals of energy conversion are derived and an overview of the structure and function of modern power plants is given. The next part contains an abstract of the relevant energy markets in terms of power generation, e.g. primary energy, power and reserve energy markets. Afterwards a model for optimal power plant dispatch under consideration of technical constraints as well as the necessary mathematical methods are described.