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CZECH TECHNICAL UNIVERSITY IN PRAGUE
STUDY PLANS
2019/2020

Economics of power generation from RES

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Code Completion Credits Range Language
XP16ERE ZK 4 2P+4D Czech
Lecturer:
Jaroslav Knápek (guarantor)
Tutor:
Jaroslav Knápek (guarantor)
Supervisor:
Department of Economics, Management and Humanities
Synopsis:

The subject focuses on complex problems of economy of production of electricity and heat from renewable energy sources. The course develops the acquired knowledge in the field of financial management due to the specifics of electricity / heat generation from RES and the expected development of energy markets. Consequently, it deals with the theoretical concepts of the electricity market, taking into account current trends in the decentralization of energy systems, decarbonisation of energy and the expected high penetration of electricity from RES into the electricity market. These trends require the development of different types of energy accumulation and the implementation of smart technologies in the management of network operation. The course also includes modeling of the development of energy systems with high RES share.

Requirements:
Syllabus of lectures:

1. Renewable energy sources – classification, origin

2. RES potentials, short and long term biomass potential

3. Cost structure of electricity generation using RES

4. Economics of RES power generation

5. Pricing of electricity/heat from RES – rate of return approach

6. Principles of RES support scheme

7. Economic and energy efficiency of RES utilization – fuel cycle approach

8. Decentralization of energy markets – role of RES

9. Sector coupling – electricity, heat, transport sector

10. RES power generation - real options for weather

11. Economics of electricity accumulation

12. RES and smart grids concept, ancillary services and economy of grid control

13. Modelling of power system development with high share of RES

14. Reserve

Syllabus of tutorials:
Study Objective:
Study materials:

Obligatory:

1. Lawrence E. Jones: Renewable Energy Integration: Practical Management of Variability, Uncertainty, and Flexibility in Power Grids. Academic Press, 2014, ISBN 978-0-12-407910-6

2. Roger Fouquet: The Economics of Renewable Energy. Edward Elgar Publishing, 2018, ISBN: 978 1 78643 73

Recommended:

3. Bent Sørensen: Renewable Energy: Physics, Engineering, Environmental Impacts, Economics and Planning. Academic Press, 2010, ISBN 978-0-12-375025-9

Note:
Time-table for winter semester 2019/2020:
Time-table is not available yet
Time-table for summer 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
Fri
roomJP:B5-534
Knápek J.
16:15–17:45
(lecture parallel1)
Jugoslávských partyzánů 3
Konzultační místnost
Thu
Fri
The course is a part of the following study plans:
Data valid to 2020-08-08
For updated information see http://bilakniha.cvut.cz/en/predmet6032006.html