Economic Power System Operations

Learning objectives

  • Identify the differences between fixed and variable costs
  • Describe the efficient operation of modern generating units
  • Describe economic generator loading
  • Describe the effects of varying fuel costs
  • Describe economic factors associated with the following types of generation:
    • Nuclear
    • Geothermal
    • Solar and Wind
  • Describe losses on a transmission system
  • Describe the economic interchange of power

Course overview

Bulk Electric System stability relies on the system operator's ability to maintain a balance of efficient and economic power generation, transmission, and distribution. System operators must:

  • Be familiar with types of system costs incurred
  • Know how to efficiently load available generation types
  • Understand transmission losses
  • Know when to exchange power across borders.

The Economic Power System Operations training course identifies system conditions contributing to or negatively impacting stable operations and generation unit loading. This online course explains:

  • Fixed versus variable cost
  • Efficient generating unit operations
  • Non-thermal cost variation
  • Transmission line effects on generation cost
  • Economic power interchange

Economic Power System Operations is part of the System Operations training series.

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