Acquiring of basic knowledge of the power systems economics and methods for economic analysis, profitability of power network automation and efficiency of smart grid.

Basic knowledge of power system economics, understanding methods for economic analysis of power systems, and understanding of automation and efficiency of smart grid.

Basics of power systems economics in deregulated environment, participants and economics of open electricty market. Technical and economic analysis of construction and operation of power facilities, economic utilization and exploitation of power facilities in deregulated environment. Advanced technologies for automation and establishment of smart power grid. Technical and economic anaysis of smart grid automation, benefits of automation, total cost of investment and exploitation during the lifetime, profitability.

Lectures or consultation