Module E: Alternative sources of electrical energy and energy markets

Subject description

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, and 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.

The subject is taught in programs

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 modelling, trading mechanisms, the role of market participants, trading strategies, risk assessment and management, the role of financial derivatives.

Teaching and learning methods

Lectures and exercises. Part of the pedagogical process will be carried out with the help of ICT technologies and the opportunities they offer.

Expected study results

Students will be capable to:

– sketch the processes of technologies for production of electrical energy from alternative sources in comparison with technologies for production from conventional sources,

– calculate the quantities of electric energy gained from the selected source considering the load factor and other parameters, which cause the variability of power and energy,

– solve problems related to the wind, solar, biomass and geothermal power and energy,

– interpret the electric energy market,

– differentiate and evaluate the mechanisms on the electric energy market.

Basic sources and literature

  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.

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