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New Cairo
Egypt
Faculty of Engineering & Technology
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List of Courses

Economics of Generation and Operation

  • Course Code :
    EPR 412
  • Level :
    Undergraduate
  • Course Hours :
    3.00 Hours
  • Department :
    Department of Electrical Engineering

Instructor information :

Area of Study :

 Develop the students' knowledge about the economics of power generation and operation.  Prepare students to select most economical power supply for a given load.  Train students to apply mathematical methods and computer packages to obtain optimal scheduling of generation at minimum operating cost.

For further information :

Economics of Generation and Operation

Load curves, Variation in demand, Load diversity. Power plant layout: thermal power plants, Hydroelectric plants, Diesel and gas turbine plants, Main equipment, Auxiliaries, Bus-bar arrangements. Power plant economics: Capital cost, Operating cost, Fixed charge rate, Selection of plant and size and unit size, Operation and economics of spinning reserve. Tariffs, Effect of low power factor, Power factor improvement, Most economic power factor. Optimal operation of power systems: Modeling of fuel cost for thermal generation, Optimal operation of thermal system, Accounting for system losses, Optimal operation of hydro-thermal system.

For further information :

Economics of Generation and Operation


Course outcomes:

a. Knowledge and Understanding:

1- Describe characteristics of load curve including: load, demand, diversity, coincidence, and capacity factors.
2- Illustrate fixed cost, running costs, interest and depreciation
3- Derive the mathematical formula for the most economical power factor as function of the applied tariff and the cost of capacitor bank.
4- Describe the optimal economic dispatch problem formulation with and without losses.

b. Intellectual Skills:

1- Select the most economical power supply for a given load.
2- Choose of size and number of generating units based on cost analysis.
3- Determine the most economical power factor for a given tariff.
4- Solve the optimal dispatch problem neglecting losses with and without generation limits.
5- Solve the optimal dispatch problem with losses.

c. Professional and Practical Skills:

1- Apply PowerWorld Simulator to solve the optimal economic dispatch problem.

d. General and Transferable Skills:

1- Demonstrate efficient IT capabilities.


For further information :

Economics of Generation and Operation

Course topics and contents:

Topic No. of hours Lecture Tutorial/Practical
Fundamentals of power generation and different types of power plants: Thermal, Hydro, Nuclear, Wind, Photovoltaic. 5 3 2
Classification of costs: fixed and running. Cost analysis of power plants. Interest and Depreciation 10 6 4
Economics of power systems. Choice of size and number of generating units. 5 3 2
Load curves of different areas (industrial, residential, commercial,..). Load duration curve. Characteristics of load curves: Demand factor, Load factor, Diversity factor, Coincidence factor. 10 6 4
Types of tariffs, Types of consumers and their tariffs. 5 3 2
Impact of power factor improvement on system performance. 5 3 2
Methods of power factor improvement. Economics of power factor improvement and sizing of capacitor. 5 3 2
Optimization problem with equality and inequality constraints 5 3 2
Operating cost of a thermal power plant 5 3 2
Economic dispatch neglecting losses and no generation limits 5 3 2

For further information :

Economics of Generation and Operation

Teaching And Learning Methodologies:

Teaching and learning methods
Interactive Lecturing
Problem Solving
Experiential Learning
Discussion / Debate

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Economics of Generation and Operation

Course Assessment :

Methods of assessment Relative weight % Week No. Assess What
Computer Project 10.00
Final exam 40.00
In Class Quizzes 10.00
Mid-term exams 30.00
Participations 10.00

For further information :

Economics of Generation and Operation

Books:

Book Author Publisher

Course notes :

No course notes are required

Recommended books :

1- B.R. Gupta, "Generation of Electrical Energy", 7th edition, S. Chand, 2017. 2- Hadi Saadat, “Power System Analysis”, PSA Publishing, Third Edition, 2010.

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