35303 - Power System Economics I Modulübersicht

Module Number: 35303
Module Title:Power System Economics I
  Elektrizitätswirtschaft I
Department: Faculty 5 - Business, Law and Social Sciences
Responsible Staff Member:
  • Prof. Dr. rer. pol. Zundel, Stefan
Language of Teaching / Examination:English
Duration:1 semester
Frequency of Offer: Every winter semester
Credits: 6
Learning Outcome: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.
Contents:
  • 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
Recommended Prerequisites:Students are expected to have background knowledge in economics, be familiar with algebra as well as understand basically microeconomics.
Mandatory Prerequisites:None
Forms of Teaching and Proportion:
  • Lecture / 2 Hours per Week per Semester
  • Exercise / 2 Hours per Week per Semester
  • Self organised studies / 120 Hours
Teaching Materials and Literature:The lecture is based on presentations which can be used for lecture notes. For the tutorial there will be practice sheets.

Literature:
  • 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.
Module Examination:Final Module Examination (MAP)
Assessment Mode for Module Examination:
  • Written examination, 90 minutes
Evaluation of Module Examination:Performance Verification – graded
Limited Number of Participants:None
Part of the Study Programme:
  • Abschluss im Ausland / Bauingenieurwesen / keine PO
  • Abschluss im Ausland / Betriebswirtschaftslehre / keine PO
  • Abschluss im Ausland / eBusiness / keine PO
  • Abschluss im Ausland / Elektrotechnik / keine PO
  • Bachelor (research-oriented) / Elektrotechnik / PO 2014
  • Bachelor (research-oriented) / Elektrotechnik / PO 2019 - 1. SÄ 2020
  • Bachelor (research-oriented) / Elektrotechnik / PO 2022
  • Master (research-oriented) / Elektrotechnik / PO 2014
  • Bachelor (research-oriented) - Co-Op Programme with Integrated Vocational Training / Elektrotechnik - dual / PO 2022
  • Bachelor (research-oriented) - Co-Op Programme with Practical Placement / Elektrotechnik - dual / PO 2022
  • Abschluss im Ausland / Energietechnik und Energiewirtschaft / keine PO
  • Master (research-oriented) / Energietechnik und Energiewirtschaft / PO 2021
  • Abschluss im Ausland / Environmental and Resource Management / keine PO
  • Master (research-oriented) / Environmental and Resource Management / PO 2011 - 2. SÄ 2017
  • Master (research-oriented) / Environmental and Resource Management / PO 2021
  • Master (research-oriented) - Double Degree / Environmental and Resource Management / PO 2021
  • Abschluss im Ausland / Maschinenbau / keine PO
  • Master (research-oriented) / Maschinenbau / PO 2006 - 2. SÄ 2012
  • Abschluss im Ausland / Power Engineering / keine PO
  • Master (research-oriented) / Power Engineering / PO 2016
  • Master (research-oriented) - Double Degree / Power Engineering / PO 2016
  • Structural Doctoral Programme / Power Engineering / PO 2021
  • Master (research-oriented) / Stadtplanung / PO 2019
  • Master (research-oriented) / Stadt- und Regionalplanung / PO 2017
  • Abschluss im Ausland / Wirtschaftsingenieurwesen / keine PO
  • Master (research-oriented) / Wirtschaftsingenieurwesen / PO 2008
Remarks:None
Module Components:
  • Power System Economics I (lecture)
  • Power System Economics I (exercise)
Components to be offered in the Current Semester: