EAS704 Socio-economic aspects of energy supply

Code EAS704
Name Socio-economic aspects of energy supply
Status Compulsory/Courses of Limited Choice
Level and type Post-graduate Studies, Academic
Field of study Environmental Engineering and Management
Faculty Department of Environment and Energy Systems
Academic staff Gatis Bažbauers
Credit points 4.0 (6.0 ECTS)
Parts 1
Annotation Concept of socio-economic aspects of energy supply systems. Techno-economic, socio-economic and environmental aspects of energy supply; the current situation, trends and projections at the global, EU and Latvian context. Investment project cycles. Public regulation of energy supply. Basic aspects of pre-investment study. Market institutions and technological change, its impact on the technical and economic studies; the entrance and exit barriers. Content of the technical-economic study. The basic principles of calculation of capital investments, financial analysis of energy project and investment analysis. Calculation of long-term marginal cost of electricity production. Activities of the energy supply companies in a competitive environment. The external costs in economic calculation. Socio-economic figures for energy projects..
Goals and objectives
of the course in terms
of competences and skills
To teach the basic principles of tariff formation for energy sector, as well as the ability to calculate electricity and heat tariffs for different energy sources and fuels. To train for economic evaluation of energy projects. To teach to do calculations of the external costs of power supply technology and to create appropriate technical-economic and socio-economic models.
Learning outcomes
and assessment
To be able to set up a mathematical model for techno-economic assessment, calculation of necessary capital investment and accomplishment of sensitivity analysis. - Examination: Practical works, course work Assessment criteria: accomplished practical works No.1, 7, 13, successful completion and defence of course work.
To be able to calculate the short-term and long-term marginal costs of various energy technologies and energy sources. - Examination: Practical works Assessment criteria: accomplished practical works No.2, 3, 10, 11.
To be able to calculate tariffs for CHP plants and power plants using renewable energy resources. - Examination: Practical works Assessment criteria: accomplished practical works No.4, 5.
To be able to apply allocation method of heat and electricity production costs for CHP plants. - Examination: Practical works Assessment criteria: accomplished practical work No.6.
To be able to carry out economic evaluation of energy supply project. - Examination: Practical works, course work Assessment criteria: accomplished practical works No.8, 9, successful completion and defence of course work.
To be able to calculate external costs of energy technologies. - Examination: Practical works Assessment criteria: accomplished practical work No.12.
To be able to create a mathematical model for socio-economic assessment of energy solutions. - Examination: Practical works Assessment criteria: accomplished practical works No.14, 15. The knowledge level will be evaluated in the final degree examination
Course prerequisites Basic knowledge of energy technologies, basic computer skills and ability to use spreadsheets

[Extended course information PDF]