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

Teaching methods Lecture
Duration 2
Hours per week 8.0
Overview
Classes 120
Individual / Group work: 120
Workload 240
ECTS 8.0
Requirements for awarding credit points

Energy Economics: oral exam and paper; weight: 50 %

Operations Research in Energy Economics: written exam, 90 minutes; weight: 50 %
Recommended semester 1 and 2
Frequency Annually (ws)
Usability

Master RED
Lectures

Energy Economics

Type Lecture/seminar
Nr. M+V3037
Hours per week 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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