Master of Engineering in Electricity Market Program Statement of Graduate attributes
On completion of the program, the graduate will–
IN-DEPTH KNOWLEDGE OF THE FIELD OF STUDY
Possess knowledge and skills which permit broad understanding and in-depth knowledge of power system and business areas relevant to deregulated electricity market.
Possess broad knowledge and skills across mathematical tools in power systems, and mathematical and statistical techniques in market forecasting, risk management and decision making methodologies, reliability and security analysis, various operational and planning issues with an electricity market.
Possess knowledge and skills which permit effective participation in a wide range of work environments in traditional power utilities, independent system operators and in other market participants (e.g. retailers, transmission service providers, distributors and market consultants).
Possess core skills in independent research in power systems and electricity market management issues at a level appropriate for effective participation in a supervised research environment (PhD or MPhil).
Possess an appreciation of deregulation in the context of electricity generation and transmission in Australia and internationally and share experience from others.
EFFECTIVE COMMUNICATION
Be able to write and talk about power systems and electricity market issues and demonstrate projects in a manner appropriate for the research community, industry, and government.
Be able to participate in broad and informed discussion of electricity market issues as a contributor to the community, industry, and government.
Be able to effectively participate in and manage multidisciplinary teams of engineering and business specialists to produce a common outcome.
Be able to choose and use the most effective communication strategies in communicating with these groups.
Be able to choose and use appropriate modern market simulation tools to understand the importance of information and communication technologies required for an efficient market operation.
In addition, students enrolled in a project with a significant research component may have the opportunity:
- To communicate the results of research in a technical paper for publication in the field of power systems or electricity market deregulation
- To clearly explain and defend research findings through oral presentations, including at conference standard.
INDEPENDENCE AND CREATIVITY
Be able to work and learn independently and effectively either in the area of power systems and/or in electricity market operations and managements
Be able to generate ideas and adapt innovatively in a deregulated electricity industry where electricity market rules change regularly to improve competition and transparency.
Be able to formulate and investigate power system and/or electricity market risk management problems, create solutions, innovate and improve current market planning and operation practices.
Be capable of developing skills in the electricity market planning and operation areas.
In addition, students enrolled in a project with a significant research component may have the opportunity:
• To undertake supervised research and investigate electricity market planning and operation related challenging problems in a systematic way as an individual or as a member of a team; and
• To apply and contribute design and investigation skills and knowledge creatively and innovatively in a research environment.
CRITICAL JUDGEMENT
Engage in critical appraisal of ideas and opinions about electricity market issues and of original research in power systems operations and planning.
Use the analytical, reasoning, and problem solving skills developed through the study to analyse, understand, and solve complex power systems and related issues in the wider community.
In addition, students enrolled in a project with a significant research component may have the opportunity:
- To identify problems appropriate for research and to pose research questions.
- To critically analysis technical literature relevant to research problem
- To analyse research data from power systems and/or electricity market data (e.g. demand and price) and to draw logical conclusions.
- To develop methodologies and approaches for electricity market operation and planning related issues such as forecasting, security assessment, reliability evaluation, market simulation and planning.
ETHICAL AND SOCIAL UNDERSTANDING
Be able to take an informed position on the ethical issues generated by engineering and business related research and its applications.
Be able to work effectively in many areas of society and understand the roles and expertise of both engineers and business specialists for the better management of electricity market operation and planning.
Appreciate the fundamental importance of engineering contributions to our cultural evolution and to society’s health and wellbeing.