Management and Economics of Power Systems
- Oldřich Starý (guarantor), Jaromír Vastl
- Tomáš Králík, Oldřich Starý (guarantor)
- Department of Economics, Management and Humanities
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.
- 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.
- Further information:
- Time-table for winter semester 2019/2020:
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:
- Electrical Engineering, Power Engineering and Management - Economy and Management of Power Eng. (compulsory course of the specialization)
- Electrical Engineering, Power Engineering and Management - Management of Power Eng. and Electr. (compulsory course of the branch)