Subject description - XP16EES

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XP16EES Economics of energy systems
Roles:S Extent of teaching:2P+4D
Department:13116 Language of teaching:CS
Guarantors:Starý O. Completion:ZK
Lecturers:Králík T., Starý O. Credits:4
Tutors:Králík T., Starý O. Semester:Z,L


The aim of the course is to acquaint students with the emerging issues and problems associated with decentralization and liberalization of energy markets. These are two main groups of issues: how to address economic issues within interconnected markets and how to address economic issues within a decentralized market. In the course, students will learn how to connect technical calculations with the determination of economic variables - especially prices. Key issues are supply zones, transit payments, loss-sharing, re-dispatch. It is also about dividing costs between customers, setting tariffs for electricity, dividing effects from decentralized production and more. Within the subject, the students will replicate the calculations and procedures that are currently delivered within the interconnected electricity system. The aim is to analyze and identify the strengths and weaknesses of these processes.

Course outlines:

1. Technology and operation of electric power systems
2. Power system economics
3. Electricity regulation: principles and institutions
4. Monopoly regulation
5. Economy of electricity distribution
6. Economy of electricity transmission
7. Electricity generation and wholesale markets
8. Electricity tariffs
9. Electricity retailing
10. Regional markets
11. Electricity and gas
12. Challenges in power sector regulation
13. Economics of advanced power system
14. Reserve

Exercises outline:


1. Ignacio J. Pérez-Arriaga, Regulation of the Power Sector, Springer, London, Springer-Verlag London 2013
2. Daniel Kirschen, Goran Strbac, Fundamentals of Power System Economics, John Wiley & Sons, 2005
3. Darryl R. Biggar,‎ Mohammad Reza Hesamzadeh, The Economics of Electricity Markets, Wiley-IEEE Press; 1 edition (September 22, 2014)


Subject is included into these academic programs:

Program Branch Role Recommended semester
DOKP Common courses S
DOKK Common courses S

Page updated 15.6.2024 17:51:22, semester: Z/2024-5, Z,L/2023-4, Send comments about the content to the Administrators of the Academic Programs Proposal and Realization: I. Halaška (K336), J. Novák (K336)