Course EE 394V
Restructured Electricity Markets: Market Power
EE 394V can be repeated for credit
Unique Number 16960
Meeting time: Tuesday and Thursday, 3:30pm to 5:00pm, ENS 126
Department of Electrical and Computer Engineering
Engineering Science Building ENS 502
The University of Texas at Austin
Tel: (512) 471-5879; Fax:
Office hours: Tuesday, 2:00pm to 3:15pm, ENS 502.
Please email me if you want to see me outside of these office hours.
This course focuses on market power in electricity markets. Market power remains a difficult issue in the design and functioning of electricity markets. We will define and analyze market power, particularly focusing on issues that are unique to electricity markets such as transmission constraints. Although market power is a problem in all electricity markets, we will focus on offer-based markets that involve locational marginal pricing. Topics include:
Please come to office hours with prepared questions.
I may have to cancel one or two classes during the semester in order to attend conferences.
I do not take attendance and you are free to attend or not attend class as you choose. However, if you come to class, please be prompt.
The class will build on a background of undergraduate economics, undergraduate electric power or circuit theory, and continuous optimization theory. I do not expect every student to have a strong background in all three areas. However, if you do not have a background in at least two of these areas, you may struggle in the class. I am encouraging people to take the course as credit/no credit if they are concerned about their background.
I am strongly encouraging people from industry to attend. There are two basic options for attendance by non-students:
There will be occasional homeworks in this class.
No make-up exams will be given. Excused absence from
the final exam must be obtained in advance. In the case of
an excused absence from the final exam, the course grade will be based on the
homework. Unexcused absence from the final
will result in a grade of zero for the final. Excused absences from the
will be made only in extreme circumstance (serious illness, death in the
immediate family, etc). Requests for excused absences should be made in
advance in writing and must be supported by appropriate documentation.
A final score will be calculated based on:
Allegations of Scholastic Dishonesty will be dealt with according to the procedures outlined in Appendix C, Chapter 11, of the General Information Bulletin, http://www.utexas.edu/student/registrar/catalogs/.
The University of Texas at Austin provides, upon request, appropriate academic adjustments for qualified students with disabilities. For more information, contact the Office of the Dean of Students at 471-6259, 471-4241 TDD, or the College of Engineering Director of Students with Disabilities, 471-4321.