'The EE 635 course in the School of Electrical Engineering at Purdue University covers the operation and control of electric power systems. The main course elements are economic dispatch, unit commitment, and generation control. Each semester, I ask the students to prepare a term paper on a topic of present interest. The student papers are on different aspects of a given subject. These papers are assembled into a technical report. This semester, the topic is "real time pricing" (RTP), an innovative pricing technique in which the price of electrical energy varies. The concept of RTP allows added "control" of the demand and some proponents feel that the power system can be operated more efficiently. The topics cover RTP techniques, wheeling, cost of energy, and proposed configurations of the RTP technique.
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