Power System Economics I
Elektrizitätswirtschaft I
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Voraussetzungen
Empfohlen, im Wortlaut
Students are expected to have background knowledge in economics, be familiar with algebra as well as understand basically microeconomics.
Inhalte
• Microeconomic fundamentals • Special features of electricity markets, overview • Pricing power, energy and capacity • Technical and economical characterisations of different types of generation • Power supply and demand, merit order, short-run equilibrium • Investment policy, reliability, long-run equilibrium • External effects, environmental policy, renewable energies • Market design of electricity markets in Europe
Lernziele
The students • have general and in-depth knowledge in the areas of energy markets and systems (generation, distribution/ transmission, regulation), optimal use of power plants and environmental impacts of electricity generation and their consequences for the reorganization of energy markets and systems. In particular, the students know the peculiarities of energy markets, cost factors and environmental impacts of different power plant types as well as models for calculating short-term and long-term power plant deployment planning, also taking social and environmental factors into account. • can independently calculate and justify the optimal short-term and long-term use of power plants based on given cost factors. • can discuss the consequences of emissions and emission reduction on energy markets and power plants.
Prüfungsleistung
• Written examination, 90 minutes
Literatur (2)
- Shively, Bob; Ferrare, John (2010): Understanding today's electricity business. Ed. 5.0. Laporte, CO: Enerdynamics.
- Stoft, Steven (2010): Power system economics. Designing markets for electricity. Piscataway, NJ, New York: IEEE Press; Wiley-Interscience.
Quelle: Modulbeschreibung der BTU · abgerufen 16.10.2026Original