Course code Ener4012

Credit points 3

Power Supply Economics

Total Hours in Course81

Number of hours for lectures16

Number of hours for seminars and practical classes8

Number of hours for laboratory classes8

Independent study hours49

Date of course confirmation16.03.2011

Responsible UnitInstitute of Engineering and Energetics

Course developer

author Inženiertehnikas un enerģētikas institūts

Aleksejs Gedzurs

Ph.D.

Course abstract

The aim of the study course is to acquire the types of energy used in the Latvian energetics, their economic and technological diversity, and the interaction between economic and technological parameters in energetics. Skills are acquired in the evaluation of local energy resources (biomass, peat, etc.), other alternative energy sources. Business analysis in energy in Latvia and EU assessment are performed.

Learning outcomes and their assessment

Knowledge - of energy sector economics - theoretical and practical aspects. Practical work.
Skills - to assess technical, technological, social and commercial aspects of energy, linking them with financial and economic factors. Practical work.

Competence - in energy commercialization assessment, evaluation of economic and financial aspects - presentation.

Course Content(Calendar)

Full time intramural studies:
1. Economic and political aspects of modern energy. 1 h – lecture; 1 h – practical work.
2. Energy in Latvia and the EU - situation and tendencies. 1 h – lecture; 1 h – practical work.
3. Energy resources in agricultural production and service sectors. - 1 h – lecture; 1 h – practical work.
4. Types of pricing strategy in energy. - 1 h – lecture; 1 h – practical work.
5. Solar energy - solutions, technical and economic aspects. 2 h – lecture; 2 h – practical work.
6. Wind energy - technical and economic aspects, economic analysis of wind generator farm operation. 3 h – lecture; 3 h – practical work.
7. Economic aspects of small hydropower. 1 h – lecture; 1 h – practical work.
8. Technical and economic aspects of cogeneration. 1 h – lecture; 1 h – practical work.
9. Economic aspects of biomass use in energy. 1 h – lecture; 1 h – practical work.
10. Biofuels, their extraction and use economics. 1 h – lecture; 1 h – practical work.
11. Economics of biogas production and use. 1 h – lecture; 1 h – practical work.
12. Heat pumps, secondary energy economy. - 1 h – lecture; 1 h – practical work.
13. Entrepreneurship and Economics in Energy. - 1 h – lecture; 1 h – practical work.
Part time extramural studies:

All topics specified for full time studies are accomplished, but the number of contact hours is one half of the number specified in the calendar

Requirements for awarding credit points

Assessment of the study course - a test with a mark. In order to obtain a test with a mark, 2 practical works must be completed, and a presentation on the content of the independent work and the obtained results must be presented.

Description of the organization and tasks of students’ independent work

Practical work. Work 1. It is necessary to choose a topic about the type of electricity or heat production and to make their development trend and impact on the economy in Latvia and the EU. Work 2. To perform the analysis of economic, environmental and social aspects of the selected type of electricity or heat production.

Presentation. Present the results reviewed and obtained in independent work.

Criteria for Evaluating Learning Outcomes

The mark consists of 2 parts of independent work (40% each), presentation (20%).

Compulsory reading

1. Vasiļjeva L. Ievads enerģētikas ekonomikā, mācību līdzeklis, Rīga, RTU Izdevniecība, 2008. 117.lpp.
2. Muška A. Uzņēmējdarbības pamatkurss. Mācību līdzeklis, Rīga, 2006. 136 lpp.

3. Doty S., Turner W.C. Energy Management Handbook. 7th edition. The Fairmont Press: GA., 2009. 847 p.

Further reading

1. Galiņš A., Kanceviča L., Laizāns A. (2008) Alternatīvās enerģētikas iekārtas. Mācību grāmata. Jelgava: LLU, 2008. 316 lpp.

Notes

Compulsory course for professional bachelor study program Applied Energy Engineering, Energy economics specialization