Management and Economics of Power Systems

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Management and Economics of Power Systems A1M16MES
Credits 6
Semesters Winter
Completion Assessment + Examination
Language of teaching Czech
Extent of teaching 2+2s
Annotation
This course will give an overview of the various aspects of power supply with special emphasis on power management. The course characterises energy costs and marginal costs for determination of prices and tariffs. Energy market principles and operational decision making are integral parts of the course as well.
Course outlines
1.Energy supply and gas supply organisational arrangement
2.Energy policy of the Czech Republic
3.Legal aspects of energy supply
4.Costs characteristics of energy production and transport
5.Marginal costs of electricity
6.Energy market and natural monopolies in energy supply
7.Principles of regulation of corporate behaviour and energy prices
8.Principles of Integrated Sources Planning
9.Economic model of energy corporation
10.Optimisation of energy elements and systems
11.Economical aspects of reliability of energy supply
12.Operational controlling of power supply systems
13.Methods of Demand Side Management
14.Economic aspects of international co-operation
Exercises outlines
1.Electricity and heat production financial and economy study - case study
2.Electricity and heat production financial and economy study - case study
3.Electricity and heat production financial and economy study - case study
4.Electricity and heat production financial and economy study - case study
5.Price analysis of electricity purchase and sale in the CR - case study
6.Price analysis of electricity purchase and sale in the CR - case study
7.Price analysis of gas purchase and sale in the CR - case study
8.Power supply system development - technical-economic case study
9.Power supply system development - technical-economic case study
10.Power supply system development - technical-economic case study
11.Economic evaluation of electricity imports into CR Power Supply System
12.Economic evaluation of electricity imports into CR Power Supply System
13.Specific returns and tariffs of electricity
14.Specific returns and tariffs of electricity
Literature
1.Paoli L.:The electricity industry in transition. Organization, Regulation and Ownership in EU Member states. FrancoAngeli 2001.
2.Pfaffenberger W.: Electricity Market Reform. Elsevier 2006.
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