Energy economics (ETF EEO EE 51060) |
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General information |
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Module title | Energy economics |
Module code | ETF EEO EE 51060 |
Study | ETF-B |
Department | Electric Power Engineering |
Year | 2 |
Semester | 4 |
Module type | Mandatory |
ECTS | 6 |
Hours | 60 |
Lectures | 35 |
Exercises | 15 |
Tutorials | 10 |
Module goal - Knowledge and skill to be achieved by students |
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| The goal of this course is to provide students with solid basic understanding in following areas: <br> General characteristics of electric power system sector investments; funding models for construction of power utilities buildings; cost of production; transmission and distribution of electricity; tariff systems for household, commercial and industrial consumers; privatization and market deregulation in the power utility sector; electricity market and system services; energy pool, mutual agreements and exchange of electricity. <br> Upon completion of this course students will be able to monitor economic aspects of investment in energy sector, set prices of electricity and cost of transmission and distribution of electricity and to understand structure and organization of modern electric power systems. <br> |
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Syllabus |
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| General characteristics of investments in electric-power system sector; preparatory investment plans; models of funding for construction of power utility buildings; fixed assets values and depreciation. <br> Determining cost of electricity produced in different electric power sources; costs of production, transmission and distribution of electricity; total costs related to losses in transmission and distribution network. <br> Tariff systems for household, commercial and industrial consumers; rights for connecting to the electrical network; definition of measurement site; distribution of ownership among the power utilities and customers; pricing of electricity and maximum power for different types of consumers. <br> Privatization and market deregulation in the power generation sector; exploitation of electric power systems in deregulated electricity market (structures, participants and their roles). <br> Electricity and system services market; types of costs, contracting methods, power of market; system services in the free market conditions Energy pool, mutual agreements and exchange of electricity. <br> |
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Literature |
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Didactic methods |
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| Course lessons are taught by the professor in lecture halls, and followed by demonstration and solving of practical examples and mathematical equations/graphs. Additionally, students spend time on tutorials and lab-exercises. They resolve specific problems pertaining to their theses, using available or student-developed software. Goal of these activities is to enable students to get hands-on, practical experience in this area, as well as to gauge students' knowledge through assigned papers and exams (mid-term, as well as final). <br> |
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Exams |
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| During the course students earn points according to the following system: <br> - Attending classes and tutorials: 10 points; a student with more than three absences from lectures and/or tutorials will not be eligible to get these points. <br> - Home assignments, laboratory reports and/or final thesis: maximum of 10 points. <br> - Mid-term and final exams: a student can score up to 20 points on each exam (passing grade is 10 points). <br> During each of the two exams (time assigned is 90 minutes) students will solve simple questions - designed to examine whether students acquired basic theoretical knowledge - multiple choice problems, as well as one open-answer problem. Students who gain less than 20 points during one semester must re-take that course. <br> Students who earn 40 or more points during the semester are eligible for taking a final exam; the exam asks the student to discuss mathematical problems from the mid-term exam and home assignments, as well as to answer to simple questions related to general course topics. <br> A student can score a maximum of 40 points on the final oral exam (passing threshold is 20 points). A student who gets less than this minimum, must take a makeup oral exam. <br> A student who earns 20 points or more, and less than 40 points during the whole semester will have to take a makeup exam. The makeup exam is organized in the following manner: <br> - Written part is structured similarly to mid-term written exam, during which students will have to solve problems in which they failed on their mid-term exams (got less than 10 points). <br> - Oral part of the exam is structured in the same way as the oral part of the final exam. <br> |
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Aditional notes |
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