Economic Analysis of Energy Systems
| Code | 107 |
|---|---|
| Semester | Spring |
| Class Hours - Lab Hours | 3 - 0 |
| Lecturers | Pantelis Capros |
Description
Basic principles of applying microeconomic theory and industrial economics in the energy sector. Economic analysis of investment projects. Economic optimisation of energy systems. Models of behaviour of energy consumers. Simulation of energy market equilibrium. Economic optimisation of energy networks. Regulation of the energy sector. Pricing energy products. Economic analysis and costing of investments in new technologies of electricity generation, economic analysis of renewable forms and energy saving. Modelling competition in electricity and gas markets.