Course code Ener4024

Credit points 2

Power Supply Economics

Total Hours in Course80

Number of hours for lectures16

Number of hours for seminars and practical classes16

Independent study hours48

Date of course confirmation16.03.2011

Responsible UnitInstitute of Energetics

Course developer

author Enerģētikas institūts

Aigars Laizāns

Dr. sc. ing.

Course abstract

The study course analyses 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 analysed, taking into account the economic factors of business in energy.

Learning outcomes and their assessment

Knowledge: in theoretical and practical aspects of the energy sector economy. The assessment of technical, technological, social and commercial aspects of energy projects – test.
Skills: ability of assessing the technical, technological, social and commercial aspects of energy projects by linking them to financial and economic factors – practical work.
Competences: assessment of the commercialisation of energy projects, assessment of economic and financial aspects – test, practical work.

Course Content(Calendar)

1. Electric power supply tasks and methods.
2. Project evaluation methods – technical and technological evaluation. –2h
3. Project evaluation methods – social evaluation.
4. Project evaluation methods – commercial evaluation. – 2h
5. Project evaluation methods – financial evaluation. – 2h
6. Project evaluation methods – economical evaluation. – 3h
7. Electrical energy pricing compostion and regulation.
8. Pricing calculation procedure.
9. Energetics in Latvian economics.
10. Latvian energetics in EU economy.
11. Energetics economical aspects – future perspectives.

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:
2. International Network of Sustainable energy [tiešsaiste] [skatīts 25.02.2011.]. Pieejams:


Compulsory course for professional bachelor study programme Applied energetics