The objective is to provide an understanding and knowledge for application of basic methods of cost calculations with special consideration of energy economics. Consequently, special emphasis will be given not only to various instruments for costs calculations, but also to consideration of overall frameworks. Energy supply is provided mainly by private energy enterprises, so that special attention will be given to issues such as bookkeeping and accounting, cost calculations and models of the firm. Further, basic methods of demand forecasting will be presented including stochastic variations of demand and supply. Finally, and overview of optimization methods completes the major topics of the lecture.

- Objectives of energy economics; - Frameworks for costs calculations; - Classical calculation methods (energy conversion, generation, transport, etc.); - Costs calculation (types, methods); - Investments, present value, internal discounting, annuity calculation; - Important parameters for investment calculation; - Microeconomic instruments, accounting and bookkeeping, balance sheets, profit and loss calculations; - PC based models of the firm and costs calculations; - Marginal costs in energy economics, - Consideration of stochastic (random) oscillations in energy economics; - Methods for energy demand forecasting; - Optimizati1on methods (objective function, basic methods).

schriftlich

TISS