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CZECH TECHNICAL UNIVERSITY IN PRAGUE
STUDY PLANS
2019/2020

Management and Economics of Power Systems

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Code Completion Credits Range Language
B1M16MES Z,ZK 5 2P+2S Czech
Lecturer:
Oldřich Starý (guarantor), Jaromír Vastl
Tutor:
Tomáš Králík, Oldřich Starý (guarantor)
Supervisor:
Department of Economics, Management and Humanities
Synopsis:

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.

Requirements:
Syllabus of lectures:

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

Syllabus of tutorials:

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

Study Objective:
Study materials:

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.

Note:
Further information:
https://moodle.fel.cvut.cz/divize/13116/Katedra_ekonomiky__manazerstvi_a_humanitnich_ved
Time-table for winter semester 2019/2020:
06:00–08:0008:00–10:0010:00–12:0012:00–14:0014:00–16:0016:00–18:0018:00–20:0020:00–22:0022:00–24:00
Mon
Tue
roomT2:A4-205
Starý O.
Vastl J.

11:00–12:30
(lecture parallel1)
Dejvice
Učebna
roomT2:A4-205
Králík T.
12:45–14:15
(lecture parallel1
parallel nr.1)

Dejvice
Učebna
Fri
Thu
Fri
Time-table for summer semester 2019/2020:
Time-table is not available yet
The course is a part of the following study plans:
Data valid to 2019-10-18
For updated information see http://bilakniha.cvut.cz/en/predmet4714006.html