MAPA INSTITUTE OF TECHNOLOGY

School of Electrical, Electronics and Computer Engineering

VISION
Mapua shall be among the best universities in the world.
MISSION
1. The Institute shall provide a learning environment in order for its students to acquire the
attributes that will make them globally competitive.
2. The Institute shall engage in publishable and/or economically viable research, development
and innovation.
3. The Institute shall provide state-of-the-art solutions to problems of industries and
communities.
PROGRAM EDUCATIONAL OBJECTIVES
Within five years of graduation, graduates of Master of Science
in Electrical Engineering shall be able to:
1. Find new combinations or innovate existing knowledge to
provide solutions to the needs of society in the form of
new materials, devices or processes.
2. Pitch or write proposals to obtain support for the
establishment of an enterprise based on an innovation,
invention and creative work.
3. Conduct independent research and investigations to
generate new knowledge or knowhow or innovate
existing knowledge
4. Work as professionals that deal with the collection and
processing of data knowhow.

MISSION
2

COURSE SYLLABUS
1.

Course Code

: EE221

2.

Course Title

: POWER MARKET ECONOMICS AND SECURITY

3.

Pre-requisite/s

: EE220

4.

Co-requisite

: None

5.

Credit/ Class Schedule

: 3 units / 4.5 lecture hours per week

6.

Course Description

This course covers the details how power markets work through mathematical algorithms that
contain an objective function subject to a set of constraints. It covers the much more detailed
process in Economic Operations and Control of Power Systems, particularly on the algorithm
modeling of optimization engines for optimal power flow.

Course Title:
Power Market Economics and Security
(EE221)

Date
Effective:
1st Quarter
SY 2015
2016

Date
Revised:
4th Quarter
SY 2015
2016

Prepared by:
Edward I. Olmedo

Approved by:
RVMSantiago

Page 1 of 7

7.

Student Outcomes and Relationship to Program Educational Objectives

Program
Educational
Objectives
1
2
3
4

Student Outcomes

(a)
(b)
(c)

(d)

(e)

(f)
(g)
(h)

8.

Demonstrate a comprehensive broad

understanding of engineering principles and apply
advanced knowledge on the specific discipline;
Analyze, synthesize, create and evaluate
engineering systems;
Design components, devices, and systems to meet
specified engineering needs under real-world
constraints;
Communicate effectively technical knowledge, both
orally and in writing, on complex engineering
activities and;
Function effectively as an individual, a team
member, or as a leader in diverse work
environments;
Contribute to the generation, dissemination, and
preservation of engineering knowledge,
methodologies, techniques, and processes;
Engage in professional development and life-long
learning; and
Conduct oneself within professional and ethical
standards.

Course Outcomes (COs) and Relationship to Student Outcomes

Course Outcomes
After completing the course, the
student must be able:
1. To understand and effectively
model the different numerical
methods that can be used to
solve for the Lagrange functions
that define problems for power
markets
2. To understand and develop a
mathematical model for
Optimal Power Flow using
Linear Programming to solve
different power market
problems in the power system
3. To understand and effectively
model the impact of losses in a
mathematical algorithm that
define problems for power
markets
4. To understand and develop
algorithms involved in the cooptimization of energy and
reserves
5. To understand and develop
algorithms involved for
demand-side bidding

Course Title:
Power Market Economics and Security
(EE221)

Date
Effective:
1st Quarter
SY 2015
2016

Date
Revised:
4th Quarter
SY 2015
2016

Student Outcomes
a

Prepared by:
Edward I. Olmedo

Approved by:
RVMSantiago

Page 2 of 7

Level: I- Introduced, R- Reinforced,

Course Title:
Power Market Economics and Security
(EE221)

Date
Effective:
1st Quarter
SY 2015
2016

D- Demonstrated

Date
Revised:
4th Quarter
SY 2015
2016

Prepared by:
Edward I. Olmedo

Approved by:
RVMSantiago

Page 3 of 7

9.

Course Coverage

Week

12

COURSE
TOPICS
TLA
AT
OUTCOMES
CO1: To
Orientation and Introduction Class
Orientation
understand and
to the Course
discussion
effectively model
o Discussion on COs, TLAs, and Problem
the different
ATs of the course
Solving
numerical
methods that can Overview on student-centered
be used to solve
learning and eclectic approaches
for the Lagrange
to be used in the course
functions that
define problems
Introduction to Economic
for power markets
Operations
o Overview of Economic
Operations
o Objectives of Economic
Operations
o Different Optimization
Techniques
o Necessary and Sufficient
Conditions for Extrema
Lagrange Function in Economic
Operations
o Karush-Kuhn-Tucker
Conditions for Optimality
o Lagrange Equation
Manipulation

35

78

CO2: To
Discussion on Optimal Power
Class
Machine
understand and
Flow vs. Conventional Power
discussion
Problem 1
develop a
Flow
Problem
mathematical
Solving
model for Optimal Use of Linear Programming in
Power Flow using
Optimal Power Flow
Linear
o Modeling a DC Power Flow
Programming to
o Embedding DC Power Flow in
solve different
Linear Program for Economic
power market
Operations
problems in the
o Programming Codes for
power system
Optimization Engine
CO3: To
Transmission Loss Impact
understand and
effectively model Incremental Loss
the impact of
losses in a
mathematical
algorithm that
define problems
for power markets

Class
Seatwork 1
discussion
Problem
Solving

CO4: To
Overview on Ancillary Services
understand and
develop
Overview on Co-optimization of
algorithms
Energy and Reserves
involved in the cooptimization of
Modeling of a Co-optimized
energy and
Market for Energy and Reserve
reserves
o Formulation in an objective

Class
Machine
discussion
Problem 2
Problem
Exam 1
Solving

Course Title:
Power Market Economics and Security
(EE221)

Date
Effective:
1st Quarter
SY 2015
2016

Date
Revised:
4th Quarter
SY 2015
2016

Prepared by:
Edward I. Olmedo

Approved by:
RVMSantiago

Page 4 of 7

Week

COURSE
OUTCOMES

TOPICS
o
o

9 10

CO5: To
understand and
develop
algorithms
involved for
demand-side
bidding

Course Title:
Power Market Economics and Security
(EE221)

TLA

AT

function
Formulation of constraints
Different Reserve Categories

Modeling of a Demand-side
Bidding Functionality
o Formulation in an objective
function
o Formulation of constraints
o Interruptible Load (ILD)

Date
Effective:
1st Quarter
SY 2015
2016

Date
Revised:
4th Quarter
SY 2015
2016

Class
Machine
discussion
Problem 3
Problem
Solving

Prepared by:
Edward I. Olmedo

Approved by:
RVMSantiago

Page 5 of 7

10.

Lifelong-Learning Opportunities
Students will be able to model, design, analyze and protect a power system network.
Contribution of Course to Meeting the Professional Component
Engineering Topics:
General Education:

11.

70%
30%

Textbook:
Economic Market Design and Planning
Fundamentals of Power System Economics by Daniel Kirschen
Power System Analysis by Hadi Saadat

12.

Other References
12.1.

Websites

www.ieee.explore.com
www.wikipedia.com
13.

Course Evaluation
Student performance will be rated based on the following:
Assessment Tasks
CO2
CO3
CO4
CO5

Weight

Machine Problem 1
Seatwork 1
Machine Problem 2
Exam 1
Machine Problem 3
Attendance
TOTAL

20%
5%
20%
25%
20%
10%
100%

Minimum Average
for Satisfactory
Performance
70%
70%
70%
70%
70%
70%
70%

The final grades will correspond to the weighted average scores shown below
Average
Below 70
70 72
73 75
76 79
80 82

Grade
5.00
3.00
2.75
2.50
2.25

Average
83 85
86 88
89 93
94 97
98 100

Grade
2.00
1.75
1.50
1.25
1.00

Other Course Policies

a. Attendance
According to CHED policy, total number of absences by the students should not be
more than 20% of the total number of meetings or 9 hours for a three-unit-course.
Students incurring more than 9 hours of unexcused absences automatically gets a
failing grade regardless of class standing.
b. Submission of Assessment Tasks
Late submissions of design reports will not be accepted.

Course Title:
Power Market Economics and Security
(EE221)

Date
Effective:
1st Quarter
SY 2015
2016

Date
Revised:
4th Quarter
SY 2015
2016

Prepared by:
Edward I. Olmedo

Approved by:
RVMSantiago

Page 6 of 7

c. Written Examination
The final examination will be the summative assessment of the COs and will cover
all topics of the course.
d. Course Portfolio
Selected design reports and examinations are to be compiled and collected before
the end of the term. The selection is based on statistical data gathering (lowest,
median, and highest). Learning tasks and examinations with marks lowest, median,
and highest must be photocopied and must be given back to the instructor for
course portfolio keeping.
e. Language of Instruction
Lectures, discussion, and documentation will be in English. Written and spoken
work may receive a lower mark if it is, in the opinion of the instructor, deficient in
English.
f.

Honor, Dress and Grooming Codes

All of us have been instructed on the Dress and Grooming Codes of the Institute. We
have all committed to obey and sustain these codes. It will be expected in this class
that each of us will honor the commitments that we have made.
For this course the Honor Code is that there will be no plagiarizing on written work
and no cheating on exams. Proper citation must be given to authors whose works
were used in the process of developing instructional materials and learning in this
course. If a student is caught cheating on an exam, he or she will be given zero
mark for the exam. If a student is caught cheating twice, the student will be referred
to the Prefect of Student Affairs and be given a failing grade.

g. Consultation Schedule
Consultation schedules with the Professor are posted outside the EECE Faculty room
and in the Schools web-page (http://www.mapua.edu.ph). It is recommended that
the student first set an appointment to confirm the instructors availability.
14.

Course Materials Made Available

14.1.
14.2.

15.

Syllabus
Lecture Notes

Committee Members:

Course Title:
Power Market Economics and Security
(EE221)

Date
Effective:
1st Quarter
SY 2015
2016

Date
Revised:
4th Quarter
SY 2015
2016

Prepared by:
Edward I. Olmedo

Approved by:
RVMSantiago

Page 7 of 7