Topics in Energy Engineering, Economics, and Policy

34:970:670:01 and MSE 527 / MAE 537 / WWS 586g
Rutgers and Princeton University, Spring 2011

Frank Felder and Alexander Glaser

Thursdays, 9:30-11:45 a.m., Wallace 001 (Princeton) and Doolittle A102 (Rutgers)

This course explores in-depth several important energy topics that integrate engineering, economics, and policy. It is designed for doctoral students in the natural sciences, engineering, and social sciences that have been exposed to a wide-range of energy topics, perhaps as part of a National Science Foundation Integrative Graduate Education and Research Traineeship Program (IGERT), and are interested in investigating further some of those topics. After reviewing important analytical tools used in engineering, economic and policy evaluations, the course covers the engineering, economics and policy of the electric power grid and global energy integrated energy assessment modeling. Students will engage in computer modeling to understand and explore future global energy and environmental problems.

 Draft Syllabus (Revision 0)

Course Texts

Required:

F. Felder, In-depth Introduction to Electricity Markets, World Scientific.
Draft text will be provided to students.W. Nordhaus, A Question of Balance: Weighing the Options on Global Warming Policies, Yale University Press, New Haven, CT, 2008.
Available for download at nordhaus.econ.yale.edu/Balance_2nd_proofs.pdf

R. Dellink, GAMS for Environmental-Economic Modelling, Reader, Wageningen University, April 2009.
Available for download at www.enr.wur.nl/UK/gams/

Recommended:

R. de Neufville, Applied Systems Analysis: Engineering Planning and Technology Management, McGraw-Hill, 1990.

Supporting texts (in addition to other references noted below):

D. Kirschen and G. Strbac, Fundamentals of Power System Economics, Wiley, 2004.
E-access (Princeton): site.ebrary.com/lib/princeton/docDetail.action?docID=10113950W. Li, Risk Assessment of Power Systems: Models, Methods, and Applications, Wiley, 2005.
E-access (Princeton): site.ebrary.com/lib/princeton/docDetail.action?docID=10114114

N. Rau, Optimization Principles: Practical Applications to the Operation and Markets of the Electric Power Industry, Wiley, 2003.
E-access and download: www.knovel.com/knovel2/Toc.jsp?BookID=2107

F. Schweppe, M. Caramanis, R. Tabors, and R. Bohn, Spot Pricing of Electricity, Kluwer Academic Press, 1988.

Recommended readings on the GAMS system:

R. E. Rosenthal, A GAMS Tutorial, Chapter 2 in the GAMS User’s Guide.
Available for download at www.gams.com/dd/docs/bigdocs/GAMSUsersGuide.pdf

Additional readings will be provided throughout the semester.