M. Sc. Renewable Energy and Data Engineering

Study conventional and renewable energy systems, smart grids and the underlying algorithms as well as energy efficiency measures.
Application
EMI Department

Modul manual

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Energy Economics

Prerequisite

 

 
Teaching methods Lecture
Learning target / Competences

The students know and apply the common terminology in the energy sector. They know and understand the structure of an energy sector by example of Germany and are able to access systematically the structures of other energy markets. The students know how to access data in the energy sector; they are acquainted to statistical methods allowing critical analysis of data.

The students got the background to judge the impact of actual developments in industry, politics, legacy etc. on the energy sector.

The students know how to gain information and data required for techno-economic analyses of energy projects. They are able to perform cost calculation and investment appraisal studies. By applying computer tools they are able to perform extensive sensitivity analyses.   

 

 
Duration 1
SWS 4.0
Overview
Classes 60
Individual / Group work: 60
Workload 120
ECTS 4.0
Requirements for awarding credit points

written exam 90 minutes
Credits and grades

4 ECTS
Responsible person

Prof. Dr.-Ing. Niklas Hartmann
Frequency Annually (ws)
Usability

Master RED
Lectures

Energiewirtschaft/Energy Economics

Type Vorlesung/Seminar
Nr. M+V3037
SWS 4.0
Content
  • Terminology in the energy sector
  • Primary energy resources (conventional and renewable) and energy conversion chains
  • Environment protection (impact of exploitation, transport and conversion on environment, environment protection and international law)
  • Structure of the energy sector (government agencies, organisations, industry, etc. involved and their role; Regulations in the energy sector by example of Germany and Europe; Liberalisation in the energy market; regulation of grid-bound energy sector)
  • Cost calculation; Learning Curves; Investment appraisal Methods
  • Energy demand and energy systems (sectors; daily, weekly and seasonal load profiles; electricity market and heat market; district heating; cogeneration)
  • Electrical supply (example Germany, Europe; power plant fleet; virtual power plants; base load, middle load, peak load; decentralised energy supply; grid topology; grid operation; quality and reliability of grid operation)
Literature
  • Bhattacharyya, S.C.: Energy Economics: Concepts, Issues, Markets and Governance, Springer, London, 2019
  • Erdmann, G.; Zweifel, P.: Energieökonomik – Theorie und Anwendungen, Springer, Berlin / Heidelberg, 2022
  • Konstantin, P.: Praxisbuch Energiewirtschaft. Energieumwandlung, -transport und -beschaffung im liberalisierten Markt, 4th edition, Springer, Berlin, 2017
  • Narbel, P. A., J. P. Hansen, J. R. Lien.: Energy Technologies and Economics, Springer, 2014
  • Ströbele, W.; Pfaffenberger, W.; Heuterkes, M.: Energiewirtschaft – Einführung in
    Theorie und Politik, 3rd edition, Oldenbourg, Munich, 2012
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