Subject description - XP16ERE

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XP16ERE Economics of power generation from RES
Roles:S Extent of teaching:2P+4D
Department:13116 Language of teaching:CS
Guarantors:Knápek J. Completion:ZK
Lecturers:Knápek J. Credits:4
Tutors:Knápek J. Semester:


The subject focuses on complex problems of economy of production of electricity and heat from renewable energy sources. The course develops the acquired knowledge in the field of financial management due to the specifics of electricity / heat generation from RES and the expected development of energy markets. Consequently, it deals with the theoretical concepts of the electricity market, taking into account current trends in the decentralization of energy systems, decarbonisation of energy and the expected high penetration of electricity from RES into the electricity market. These trends require the development of different types of energy accumulation and the implementation of smart technologies in the management of network operation. The course also includes modeling of the development of energy systems with high RES share.

Course outlines:

1. Renewable energy sources – classification, origin
2. RES potentials, short and long term biomass potential
3. Cost structure of electricity generation using RES
4. Economics of RES power generation
5. Pricing of electricity/heat from RES – rate of return approach
6. Principles of RES support scheme
7. Economic and energy efficiency of RES utilization – fuel cycle approach
8. Decentralization of energy markets – role of RES
9. Sector coupling – electricity, heat, transport sector
10. RES power generation - real options for weather
11. Economics of electricity accumulation
12. RES and smart grids concept, ancillary services and economy of grid control
13. Modelling of power system development with high share of RES
14. Reserve

Exercises outline:


1. Lawrence E. Jones: Renewable Energy Integration: Practical Management of Variability, Uncertainty, and Flexibility in Power Grids. Academic Press, 2014, ISBN 978-0-12-407910-6
2. Roger Fouquet: The Economics of Renewable Energy. Edward Elgar Publishing, 2018, ISBN: 978 1 78643 73
3. Bent Sørensen: Renewable Energy: Physics, Engineering, Environmental Impacts, Economics and Planning. Academic Press, 2010, ISBN 978-0-12-375025-9


Subject is included into these academic programs:

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

Page updated 16.6.2024 17:52:04, semester: Z,L/2023-4, Z/2024-5, Send comments about the content to the Administrators of the Academic Programs Proposal and Realization: I. Halaška (K336), J. Novák (K336)