Module E: Alternative sources of electrical energy and energy markets

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.

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.

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