Management and Economics of Power Systems

B232 - Summer 23/24
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B171 - Winter 17/18 B182 - Summer 18/19 B191 - Winter 19/20 B201 - Winter 20/21 B211 - Winter 21/22 B221 - Winter 22/23 B231 - Winter 23/24

Management and Economics of Power Systems - BE1M16MES

Student survey results
Credits 6
Semesters Winter
Completion Assessment + Examination
Language of teaching English
Extent of teaching 2P+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.
Study targets
No data.
Course outlines
1. Energy supply and gas supply organisational arrangement
2. Energy policy of the Czech Republic, subjects, policy, regulatory
3. Trade with electricity, energy market
4. Markets of other energy forms
5. Marginal costs and unit revenue of electricity
6. Principles of regulation of price, stariff systems.
7. Energy grid system control, support and system services
8. Market coupling a market splitting, trading international border capacity
9. Demonstrative examples of grid system control and electricity trading.
10. Economical efficiency of power system.
11. New approach of grid system control.
12. Heat energy industry, system aspects
13. Derivates and risk hedging of produce and distribution of electrical energy
14. Summary, reserve
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
Chris Harris Electricity: Markets Pricing, Structures and Economics, Wiley, 2006
Steven Stoft: Power System Economics-Designing Markets for Electricity
Morales, Conejo, Madsen, Pinson, Zugno: Integrating Renewables in Electricity Markets, Springer, 2014
Paoli L.:The electricity industry in transition. Organization, Regulation and Ownership in EU Member states. FrancoAngeli 2001.
Pfaffenberger W.: Electricity Market Reform. Elsevier 2006.
Requirements
No data.