Welcome to Electricity Market and Power System Optimization


Description: This course provides a detailed description of decision-making tools for modern power systems under the market environment, addressing the perspectives transmission expansion planning, unit commitment and economic dispatch. These tools rely on stochastic optimization, complementaritytheory and decomposition algorithms.

The topics include

  • Introduction to the electricity market organization
  • Modeling the competition in electric energy markets
  • Stochastic unit commitment to coop with the renewable generations
  • Probabilistic midterm transmission expansion planning in liberalized markets
  • Decomposition and acceleration techniques for large-scale optimization problems

Prerequisites: Background in power system optimization, and fundamental knowledge in electricity markets.

Organizer: Professor Zhe Chen, email: zch@et.aau.dk, Aalborg University, Assistant Professor Jiakun Fang, email: jfa@et.aau.dk, Aalborg University

Lecturer: Professor Andrés Ramos Galán - Institute for Research in Technology - UK


Price: 6000 DKK for PhD students outside of Denmark and 1500 DKK for PhD students in Denmark, who are not from AAU. 8000 DKK for the Industry.

Time: 20-22. February 2017

Place: Aalborg University, Pontoppidanstræde 101, room 19, 9220 Aalborg East

Zip code:


Number of seats: 30

Deadline: 30 January 2017


Important information concerning PhD courses We have over some time experienced problems with no-show for both project and general courses. It has now reached a point where we are forced to take action. Therefore, the Doctoral School has decided to introduce a no-show fee of DKK 5,000 for each course where the student does not show up. Cancellations are accepted no later than 2 weeks before start of the course. Registered illness is of course an acceptable reason for not showing up on those days. Furthermore, all courses open for registration approximately three months before start. This can hopefully also provide new students a chance to register for courses during the year. We look forward to your registrations.