Cost of power generation- Thermal, Hydro and Nuclear- Types of Consumers in a distribution system-
Domestic, Commercial, Industrial etc. Concept of load factor, diversity factor, demand factor.
Electricity Tariff- Block rate, flat rate, two part, and three part tariffs. Subsidization and Cross
subsidization. Availability tariff of generation companies. Pool tariff of transmission companies.
Availability based tariff (ABT).
Economics of Power Generation- Unit commitment solution, Spinning reverse.
Economic Dispatch – Transmission loss formulae and its application in economic load scheduling.
Computational methods in economic load scheduling. Active and reactive power optimization.
State estimation and load forecasting- Introduction, state estimation methods, concept of load for casting
and application in power system.