Course detail

Economy of Electrical Power Engineering

FEKT-NEELAcad. year: 2018/2019

The course deals with the problems of power system economics, such as costs in power engineering, assessing losses, cost calculation for electric lines and transformers, of the cost of losses, liberalisation of power engineering, state policy concerning power engineering.

Language of instruction

English

Number of ECTS credits

5

Mode of study

Not applicable.

Guarantor

prof. Ing. Petr Toman, Ph.D.

Department

Department of Electrical Power Engineering (UEEN)

Learning outcomes of the course unit

Ability of applying economic point of view on power and electrical power engineering.

Prerequisites

The subject knowledge on the Bachelor´s degree level is requested.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

Teaching methods depend on the type of course unit as specified in the article 7 of BUT Rules for Studies and Examinations.

Assesment methods and criteria linked to learning outcomes

Coursework: max. 30 points.
Final Examination: max. 70 points.

Course curriculum

Not applicable.

Work placements

Not applicable.

Aims

The aim of the course is to introduce students to the application of economic criteria in electrical power engineering.

Specification of controlled education, way of implementation and compensation for absences

The content and forms of instruction in the evaluated course are specified by a regulation issued by the lecturer responsible for the course and updated for every academic year.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

Brealey R. A., Myers S. C.: Principles of Corporate Finance. New York: McGraw, 2002. ISBN 0071151451.
Humphreys K. K.: Jelen's Cost and Optimatization Engineering. New York: McGraw-Hill, 1991. ISBN 0-07-053646-5.
Stoft S.: Power System Economics: Designing Markets for Electricity. New York: IEEE / Wiley, 2002. ISBN 0471150401.

Recommended reading

Not applicable.

Classification of course in study plans

  • Programme EECC-MN Master's

    branch MN-EEN , 2 year of study, winter semester, compulsory

Type of course unit

 

Lecture

39 hod., optionally

Teacher / Lecturer

prof. Ing. Petr Toman, Ph.D.

Syllabus

Power engineering structure.
Costs in power engineering - 1st part
Costs in power engineering - 2nd part
Electrical power generation economy.
Electrical power transmission and distribution economy.
Assessing losses.
Electrical energy prices, tariffs.
Liberalization of power engineering.
Competition in power engineering.
Energy market.
State policy concerning power engineering.
European Union energy legislation.
Czech Republic energy legislation.

Fundamentals seminar

7 hod., compulsory

Teacher / Lecturer

prof. Ing. Petr Toman, Ph.D.

Syllabus

Interest calculations.
Costs - principles of calculation.
Capitalized costs.
Marginal costs.
Specific costs of power and energy losses.
Assessing losses.
Electrical energy price calculations.
Economical conductor loading.
Economical loading of transformers.
Increasing transmission capacity by installing another line.
Power factor compensation.
Electrical energy quality.
Optimum configuration of a transformer substation.
Final test.

Exercise in computer lab

6 hod., compulsory

Teacher / Lecturer

prof. Ing. Petr Toman, Ph.D.

Syllabus

Interest calculations.
Costs - principles of calculation.
Capitalized costs.
Marginal costs.
Specific costs of power and energy losses.
Assessing losses.