Economy of Power Industry

Lecturer:

Milan Kloubec (gar.)

Tutor:

Milan Kloubec (gar.)

Supervisor:

Department of Economics, Management and Humanities

Synopsis:

Fundamentals of financing of power companies. Cost structure of power generation and distribution. Prices and tariff systems for power, heat and gas production and distribution. Examples of economic evaluation and investment appraisal of the typical project in power sector. Renewable energy sources, externalities. Energy policy and energy law in CR. Liberalization and power market development.

Requirements:

Syllabus of lectures:

1.Types of business enterprise at power sector.

2.Revenues, costs, profit.

3.Accounting statements - balance sheet, profit and loss account, cash flow.

4.Methods and sources of finance in power sector.

5.Criterion of evaluation of investment at the power systems.

6.Prices and cost at the power systems, tariff systems.

7.Cost of productions of electrical energy, marginal costs.

8.Cost of transmission and distribution of electrical energy.

9.Economic evaluation of energy saving and renewable energy sources.

10.Models of power systems, regulation of power sector.

11.Energy policy in Czech republic, and the economical consequences.

12.Optimization of development of recent power systems.

13.Problems of electricity market.

14.Reserves

Syllabus of tutorials:

1.Business enterprises at power sector at the Czech Republic.

2.Cost structure at power systems, accounting at power systems - examples.

3.Balance sheet and profit and loss account, cash flow statement.

4.Financing sources for power sector and their evaluation.

5.Evaluation techniques of investments.

6.Evaluation of investment at the power systems - examples.

7.Marginal cost of different power stations.

8.Costs of distribution of electrical energy.

9.Economical evaluation of energy saving equipments, energy auditing.

10.Renewable energy sources - economic evaluation.

11.Test

12.Economical evaluation of cogeneration.

13.Financial analysis of power companies.

14.Assessment

Study Objective:

Study materials:

1. Ferdinand E.Banks.:Energy Economics: A Modern Introduction, Kluwer Academic, Publishers, 2007

2.Sioshansi, F.P.: Competitive Electricity Markets: Design, Implementation, Performance. Elsevier Ltd., 2008.

Note:

Time-table for winter semester 2011/2012:

	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
Thu	roomZ2:B1-233 Kloubec M. 18:00–19:30 (lecture parallel1) Zikova ulice Terminálová učebna
Fri

Time-table for summer semester 2011/2012:

Time-table is not available yet

The course is a part of the following study plans:

• Electrical Engineering, Power Engineering and Management - Technological Systems (compulsory course in the program)
• Electrical Engineering, Power Engineering and Management - Electrical Machines, Apparatus and Drives (compulsory course in the program)
• Electrical Engineering, Power Engineering and Management - Electrical Power Engineering (compulsory course in the program)