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Power Supply Economics

Course developer

Course abstract

The aim of the study course is to acquire the specificities of the electricity supply of economic sites and the possibilities for energy saving and rational use in industry, agriculture and their services. The requirements for the construction of external and internal electrical networks are analyzed, taking into account the economic factors of business in energy.

Learning outcomes and their assessment

Knowledge - of theoretical and practical aspects of energy sector economics.
Skills - to assess the technical, technological, social and commercial aspects of energy projects, linking them to financial and economic factors - a test.

Competence - to evaluate energy project, economic and financial aspects - practical work.

Course Content(Calendar)

Full time intramural studies:
1. Power supply design tasks and methods. (Lectures - 1 h, practical work - 1 h)
2. Project evaluation methods - technical and technological evaluation. (Lectures - 2 h, practical work - 2 h)
3. Project evaluation methods - social evaluation. (Lectures - 1 h, practical work - 1 h)
4. Project evaluation methods - commercial evaluation. (Lectures - 1 h, practical work - 2 h)
5. Project evaluation methods - financial evaluation. (Lectures - 1 h, practical work - 2 h)
6. Project evaluation methods - economic evaluation. - (Lectures - 2 h, practical work - 2 h)
7. Tariff formation principles and the role of the regulator. (Lectures - 2 h, practical work - 2 h)
8. Tariff setting procedure. (Lectures - 1 h, practical work - 1 h)
9. Energy in the Latvian economy. (Lectures - 2 h, practical work - 1 h)
10. Latvian energy in the EU economy. (Lectures - 1 h, practical work - 1 h)
11. Economic aspects of energy - future perspectives. (Lectures - 2 h, practical work - 2 h)
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

To award credit points, tests (minimum 60%), practical work should be defended and presented.

Description of the organization and tasks of students’ independent work

Practical work. Practical work content:
- characteristics of an object (power supply, power consumption…);
- analyses of different power supply options for the object;

- evaluation of power supply installation and connection.

Criteria for Evaluating Learning Outcomes

Assessment consist of the following parts – 40% from test results, 30% - practical work, 30% - presentation.

Compulsory reading

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

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

Further reading

1. Renewable energy: technology, economics, and environment. Editors M. Kaltschmitt, W.Streicher, A.Wiese. Berlin; New York: Springer, 2007. 564 p.

Periodicals and other sources

1. Renewable Energy World. Internetžurnāls [tiešsaiste] [skatīts 25.02.2011.]. Pieejams: http://www.renewableenergyworld.com/rea/home

2. International Network of Sustainable energy [tiešsaiste] [skatīts 25.02.2011.]. Pieejams: http://www.inforse.dk/

Notes

Compulsory course for professional bachelor study program Applied Energy Engineering