Some Elementary Economics (& Physics) of the Electricity Grid

Industrial Problems Seminar

Sriharsha (Harsha) Veeramachaneni (WindLogics)

Abstract

The simplified tutorial-style talk will delve into the fundamentals of how electricity is transacted in the north-American grid: How electricity prices are determined; How the physics of electricity flow affects prices, and some counterintuitive consequences thereof; And how all this relates to the business of profitably operating a power plant.