Now you can attend my “Locational Marginal Pricing” grad class online. And it’s free!
I’ve been teaching courses on locational marginal pricing for 10 years. Locational marginal pricing is now used in all US restructured markets and in New Zealand. Its key insight is to reflect into market prices the effect of limitations on electric transmission capability. The model has origins in the seminal and astounding work of Fred Schweppe and others in the 1980s and has been in place in parts of the US since around 2001.
The online version of the course (produced in cooperation with the Consortium of Universities for Sustainable Power (CUSP) at the University of Minnesota) is now available for free download from the CUSP website: http://cusp.umn.edu/emarkets.php.