Nodal Pricing
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Early payment discount is only available if the course fee is paid in full on or by the indicated early payment discount date below.
Objective: To provide a working knowledge of nodal dispatch and pricing as it applies to the New Zealand electricity spot market, including simple formulae to apply and the ability to recognise the cause of certain nodal pricing effects.
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Nodal Pricing of Electricity Wellington 20th Oct 2010 |  | Price:$1,275.00 Early Discount:$1,147.50 (special ends 11 Oct 2010) | |
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Objective: To provide a working knowledge of nodal dispatch and pricing as it applies to the New Zealand electricity spot market, including simple formulae to apply and the ability to recognise the cause of certain nodal pricing effects. Prerequisites: EL0. Alternatively, some familiarity with the electricity spot market including an overview knowledge of the SPD and RMT models, and with the processes and timing of publication of final, and other prices.
Note: Only simple arithmetic is used in this course. Simple examples using a few nodes at most are used to assist learning. Course material may also vary from the above on the day. |
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Nodal Pricing of Electricity Wellington 21st Jul 2010 |  | Price:$1,275.00 | |
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Objective: To provide a working knowledge of nodal dispatch and pricing as it applies to the New Zealand electricity spot market, including simple formulae to apply and the ability to recognise the cause of certain nodal pricing effects. Prerequisites: EL0. Alternatively, some familiarity with the electricity spot market including an overview knowledge of the SPD and RMT models, and with the processes and timing of publication of final, and other prices.
Note: Only simple arithmetic is used in this course. Simple examples using a few nodes at most are used to assist learning. Course material may also vary from the above on the day. |
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Prerequisites: EL0. Alternatively, some familiarity with the electricity spot market including an overview knowledge of the SPD and RMT models, and with the processes and timing of publication of final, and other prices.
- Market Processes and Models for Dispatch and Pricing
Dispatch and pricing processes
Dispatch and pricing models – SPD and RMT
Dispatch cost function
Constraints in dispatch and pricing models
Shadow prices
Nodal energy prices and reserve prices defined
Losses and constraints surplus - One Node ‘Markets’
Dispatch and pricing of energy
Reserves risk offsets
Dispatch and pricing of reserve
Dispatch and pricing effects for energy-reserve constrained dispatch
Dispatch and pricing dominated by reserves - Adding Lines and Losses
Pricing effects of losses in AC and DC lines
Linear versus quadratic losses
Contribution of losses to the losses and constraints surplus
Loss modelling in SPD - Congested Networks
Line limits
Pricing effects of simple line constraints
Contribution of constrained lines to the losses and constraints surplus
“Spring washer effect” due to line constraints in loops in the Grid
Note: Only simple arithmetic is used in this course. Simple examples using a few nodes at most are used to assist learning. Course material may also vary from the above on the day.
