Electricity Economics

Course Information
TitleΗΛΕΚΤΡΙΚΗ ΟΙΚΟΝΟΜΙΑ / Electricity Economics
SchoolElectrical and Computer Engineering
Cycle / Level1st / Undergraduate
Teaching PeriodWinter
CoordinatorAnastasios Bakirtzis
Course ID20000651

Class Information
Academic Year2020 – 2021
Class PeriodWinter
Faculty Instructors
Weekly Hours4
Class ID
Course Type 2016-2020
  • Scientific Area
Course Type 2011-2015
Specific Foundation / Core
Mode of Delivery
  • Face to face
  • Distance learning
The course is also offered to exchange programme students.
Language of Instruction
  • Greek (Instruction, Examination)
  • English (Examination)
General Prerequisites
Successful completion of 50% of the core courses of the curriculum.
Learning Outcomes
With the successful completion of the course the student will be able to: (a) Describe the basic electric energy production technologies, with emphasis in the economics of generation. (b) Understand and analyze the basic economic reports of electricity enertprises. (c) Know the basic components of the cost of electric energy. (d) Know the the objectives and the process of generation expansion planning. (e) Compose a study of investment evaluation in the energy sector.
General Competences
  • Apply knowledge in practice
  • Retrieve, analyse and synthesise data and information, with the use of necessary technologies
  • Adapt to new situations
  • Make decisions
  • Work autonomously
  • Work in teams
  • Work in an interdisciplinary team
  • Generate new research ideas
  • Design and manage projects
  • Advance free, creative and causative thinking
Course Content (Syllabus)
Energy sources and their conversion to electric energy. Introduction to electric company accounting. Time value of money. Investment evaluation. Electric energy cost analysis. Electricity demand analysis. Generation system reliability evaluation. Production simulation. Generation expansion planning. Pricing of electric energy.
Educational Material Types
  • Notes
  • Slide presentations
  • Video lectures
Use of Information and Communication Technologies
Use of ICT
  • Use of ICT in Course Teaching
  • Use of ICT in Communication with Students
Power Point presentation in lectures. Communication trhough the course web-site and mailing list.
Course Organization
Student Assessment
Student Assessment methods
  • Written Exam with Problem Solving (Formative, Summative)
Course Bibliography (Eudoxus)
Ανάλυση Αξιοπιστίας Λειτουργίας των Συστημάτων Ηλεκτρικής Ενέργειας, Διαλυνάς Ε.
Additional bibliography for study
Α. Μπακιρτζή, "Ηλεκτρική Οικονομία' Σημειώσεις Μαθήματος
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