We discuss the formulation of electricity market equilibrium models, distinguishing the physical, commercial, and economic models. We outline the uses of such models, qualified in the light of the many assumptions that must be made for them to be tractable. We discuss the types of questions that can be sensibly answered by such models.

报告人简介：
Ross Baldick is a professor of electrical and computer engineering at The University of Texas at Austin.  He received his B.Sc. and B.E. degrees from the University of Sydney, Australia and his M.S. and Ph.D. from the University of California, Berkeley.  From 1991-1992 he was a post-doctoral fellow at the Lawrence Berkeley Laboratory.  In 1992 and 1993 he was an assistant professor at Worcester Polytechnic Institute.  Dr. Baldick has published over forty refereed journal articles and has research interests in a number of areas in electric power.  His current research involves optimization and economic theory applied to electric power system operations, the public policy and technical issues associated with electric transmission under deregulation, and the robustness of the electricity system to terrorist interdiction.  He has recently completed a textbook based on a graduate class, “Optimization of Engineering Systems” that he teaches in the electrical and computer engineering department at The University of Texas.  He also teaches a three-day short-course “Introduction to Electric Power for Legal, Accounting, and Regulatory Professionals” and a one-day short-course “Locational Marginal Pricing” for non-technical professionals in the electricity industry.  He is an editor of IEEE Transactions on Power Systems and the chairman of the System Economics Sub-Committee of the IEEE Power Engineering Society Power Systems Analysis, Computation, and Economics Committee.  Dr. Baldick is a Fellow of the IEEE.