A short term course was organized in the Department of Electrical Engineering from 19th to 23rd December, 2011. The course was entitled “Power System Restructuring and Electricity Markets”.
The inaugural ceremony of the course was addressed by the Chief Guest, Sh. Shailendra Agarwal, CMD, RVPNL, and the Guest of Honour, Prof. S.L. Surana, Director (Acad.) SKIT Jaipur. The speakers lauded the course content and stressed the need to organize more such programmes for the industry personnel and the academia.
The STC was highly successful, in terms of number of participants and quality of lectures delivered. A total of 72 participants registered for the course. These included participants from POSOCO (A subsidiary of PGCIL), Rajasthan Rajya Vidyut Utpadan Nigam Limited, Rajasthan Rajya Vidyut Prasaran Nigam Limited, and from IIT /Government Engineering Colleges /Self funded academic institutions situated in Delhi, Haryana, Punjab, Gujarat and Rajasthan, along with a large number of institutional participants.
The course was addressed by various speakers from IITs, NITs and industry. These included Prof. S.N. Singh, IIT Kanpur, Prof. N.P. Padhy, IIT Roorkee, Dr. R.C. Bansal, The University of Queensland, Australia, Dr. Ashwini Kumar, NIT Kurukshetra, Dr. A.R. Abhyankar, IIT Delhi, Dr. Naran Pindoriya, IIT Gandhinagar, and Mr Lakshminarayana, Power Exchange India Limited, Mumbai.
The course content was a reflection of a variety of industry relevant issues. Initially, a general introduction to the issue of power sector deregulation was provided, followed by a reflection of state of art in Indian and world power scenario. Issues of contextual relevance like Smart Grids and Carbon Trading were also discussed. This was followed by a detailed discussion on short term power market in India and different restructuring models adopted worldwide. The speakers discussed in depth on trading and bidding strategies, risk management, market power, ancillary services, available transfer capability, congestion management, renewable energy certificates, load and price forecasting, and transmission and distribution pricing. The professionals from the industry provided an excellent view of the operation of power exchanges and pools, trading mechanism, financial derivatives and different products being traded in the exchange.
The course was well received and the participants were appreciative of the subject matter delivered and its relevance to the present day electricity markets.