Subject 'Electric Economy'

Year:   2015/2016    2016/2017    2017/2018    2018/2019    2019/2020    

Electricity generation, transmission, distribution and utilization costs. Short-and long-term marginal costs. Energy and fuel costs. Social and environmental costs of energy systems. Price of electricity in power plants and power grids. Investments in the energy system and electricity grid. Investment evaluation methods. The payback period. Pure present value method. Inner margin method. Profit Index. Open Electricity Market. Price formation in an open electricity market. Electricity tariffs. Energy company annual reports. EVA.

1) To provide knowledge of the economics of different energy systems, and skills to solve these problems.
2) To provide the skills to assess energy systems investments.

After completing the course the student will:

1) possess the knowledge and skills to assess the generation, transmission, distribution and utilization costs
2) have the knowledge and skills to evaluate various investment techniques
3) have a basic knowledge of the open electricity market
4) have knowledge of the electricity tariff systems.

Lectures, practical classes, independent problem-solving and working with literature.

1) J. Valtin, Lecture Notes. 2012th
2) Alver, J., Reinberg, L. Juhtimisarvestus Tallinn, 2005.
3) Elektrituru käsiraamat. Tallinn. Eleringi toimetised nr 2/2012 (4). 2012.

Exam

2018: ET*  

2017: ET*  

2016: ET*  

2015: ET*  

* Optional subject