Energy EconomicsLaajuus (5 ECTS)

Objective

On completion of the course, the student will understand the fundamentals of energy economics and its applications to the production, use, and prices of energy, as well as the trade in energy sources.

Content

Fundamentals of energy economics and methods of calculation.
Use of energy in Finland, energy economics.
Use of energy in industry.
Energy purchase costs: fuel prices and availability, energy tariffs, scenarios.
Energy costs of production: district heating and electricity production costs
Different types of plants and their characteristics
Equipment procurement procedures and costs
Emissions trading, electricity trading and markets
Costs of emissions reduction

Qualifications

Life cycle assessment
Environmental Management
Recommended prerequisite: Power Plants

Assessment criteria, satisfactory (1)

The student understands the causes of both energy purchase costs and energy production costs.

Assessment criteria, good (3)

The student understands and is able to calculate both energy purchase costs and energy production costs.
The student is familiar with the basics of emission trading and electricity markets.

Assessment criteria, excellent (5)

The student understands and is able to calculate both energy purchase costs and energy production costs in deep detail.
The student knows how of emission trading and electricity markets work, and how they are related to energy purchase and production.

Assessment criteria, approved/failed

The student understands the causes of both energy purchase costs and energy production costs.