Alternative Sources of Electrical Energy and Energy Markets (Modul E)

Higher education teachers: Čepin Marko

Higher education teachers: , Pantoš Miloš
Credits: 6
Semester: summer
Subject code: 64266

Subject description


  • Enrolment into the program.

Content (Syllabus outline):

Technology of transformation of various energy sources into electrical energy (wind energy, geothermal energy, energy from waste, energy from biomass, hydrogen technology, fuel cells, thermal solar energy, solar energy from photovoltaics). Means of conservation of energy. Comparison of technology of alternative sources with technology of conventional sources. Efficiency of transformations of energy. The effect of energy technologies considering the environment. Deregulation and unbundling of power sector, regulation, organization and market models, pool, spot market, derivatives market, market participants, power exchange, market derivatives, financial derivatives, forward, futures, options, ancillary services, balancing market, clearing, risk assessment and management, market power, trading strategies, offers, unit commitment, economic dispatch, planning, optimization, price forecasting, load forecasting, power supply, system security, metering, energy pricing, transmission service pricing, price structure.

Objectives and competences:

Students will become familiar with the technologies of power generation from alternative sources. They will be able to compare the alternative with conventional sources. Students will learn the technical, economic and environmental impacts of technologies of electric energy generation from alternative sources. Students will gain basic knowledge in the field of market modeling, trading mechanisms, the role of market participants, trading strategies, risk assessment and management, the role of financial derivatives.

Intended learning outcomes:

Knowledge and understanding:

Students will understand operation and development of technologies for production of electrical energy from alternative sources and comparison with technologies for production of electrical energy from conventional sources. The obtained knowledge will be connected with electric energy market.


Review of electrical energy production and review of current practices. General knowledge of electric energy market.

Transferable skills:

Ability to participate in the development programs in the field of energy and the use of alternative sources of energy, taking into account different aspects: technical, economic and environmental well as the ability to participate in wider discussions in the field of electrical energy market.

Learning and teaching methods:

Lectures and exercises

Study materials

  1. E. F. Fuchs, l. M. A.S. Masoum, Power Conversion of Renewable Energy Systems, Springer, 2011
  2. Sorensen, B., Renewable Energy, Third Edition, Academic Press 2004
  3. Farret, F.A., Integration of Alternative Sources of Energy, Wiley-IEEE Press 2006
  4. Ilič, M., Galiana, F., Fink, L., Power System Restructuring Engineering and Economics, Kluwer Academic Publishers, 1998.
  5. Kirschen D., Strbac G.: Power System Economics: Introduction; Wiley, 2000.
  6. Stoft, S.: Power System Economics: Designing Markets for Electricity: Wiley, 2002.

Study in which the course is carried out

  • 1 year - 2nd cycle - Electrical Engineering - Electronics
  • 1 year - 2nd cycle - Electrical Engineering - Electrical Power Engineering
  • 1 year - 2nd cycle - Electrical Engineering - Biomedical Engineering
  • 1 year - 2nd cycle - Electrical Engineering - Control Systems and Computer Engineering
  • 1 year - 2nd cycle - Electrical Engineering - Mechatronics
  • 1 year - 2nd cycle - Electrical Engineering - Robotics
  • 1 year - 2nd cycle - Electrical Engineering - Information and Communication Technologies
  • 1 year - 2nd cycle - Advanced Power Systems