OVERVIEW

The course describes the structure of the national electric power system, the functioning of the electricity market and the forms of incentives for high-efficiency cogeneration plants, renewable energy plants and energy communities; it also provides tools for carrying out business plan analyses in the energy sector.

AIMS AND CONTENT

LEARNING OUTCOMES

The course is designed to provide theoretical and methodological skills for the economic analyses related to the development of projects in the sustainable energy sector. In this context, it encompasses the fundamentals of energy markets, the procedures to calculate high efficiency cogeneration and the levelized cost of electricity. A special focus is devoted to new power production and distribution infrastructures such as smart grids and smart microgrids, with specific insight concerning with energy management platforms.

AIMS AND LEARNING OUTCOMES

To analyse the structure of the electric power system, with emphasis on production, transmission and distribution of electricity. To analyse the operation of electricity markets and the policies aiming to incentivize renewable power plants, high performance cogeneration plants and renewable energy communities.

To solve exercises on electricity markets, high performance cogeneration and trigeneration. To define business plan analyses for distributed power plants and microgrids. To calculated levelized cost of electricity for different generation technologies. To analyze the national mechanisms to incentivize renewable energy powerv plants,

PREREQUISITES

Good knowledge of electrical circuits, electrical machines and energy systems.

TEACHING METHODS

Theoretical lectures accompanied by exercises on specific case studies to be solved in order to apply the learnt methodologies. Some seminars will be held by experts coming from the industry sector.

SYLLABUS/CONTENT

- Data on electricity production and consumption in Italy and worldwide.

- Architecture of the national electric power system: production, transmission (AC and DC) and distribution. Management and control strategies of the national electric power system.

- Distributed generation: technical and economic aspects.

- The liberalised electricity market: regulatory aspects, main actors involved, the spot market (PGM, MSD, MPEG, MI) and the forward market. Strategies for the management of renewable source plants and congestion resolution. Zone splitting and price formation in the market.

- Incentive mechanisms for renewable power plants, high-efficiency cogeneration plants and renewable energy communities. Legislative (national and European) and technical aspects.

- Development of business plan models in the energy sector. Calculation of economic indicators: Net Present Value, Internal Rate of Return, Pay-back Time, etc.

- Definition of methodologies for calculating the Levelised Cost of Energy (LCOEn) and its variants (LCOE, LCOH, LCOC, LCOEx) for single generation plants, microgrids and renewable energy communities.

- Analysis of electricity bills. Tariff penalties on reactive power absorptions and power factor correction strategies.

RECOMMENDED READING/BIBLIOGRAPHY

- Documents provided by the teachers;

The following volumes:

- Bracco S., Brignone M., Delfino F., Procopio R., Robba M., Rossi M., Microgrids Design and Operation – Toward Smart Energy in Cities, Artech House, Boston, USA, 2018.

- De Simón-Martín M., Bracco S., Piazza G., Pagnini L.C., González-Martínez A., Delfino F., Levelized Cost of Energy in Sustainable Energy Communities. A Systematic Approach for Multi-Vector Energy Systems, Springer Briefs in Applied Sciences and Technologies, Springer, Cham (Switzerland), 2022.

- Kirschen D., Strbac G., Fundamentals of Power System Economics, Wiley, 2004.

- Guerrero J., Vasquez J., Microgrids: Control and Operation, Wiley-IEEE, 2015.

- Kundur P., Power System Stability and Control, McGraw-Hill Professional, 1994.

- Wood A.J., Wollenberg B.F., Sheblé G.B., Power Generation, Operation, and Control, 3rd Edition, 2013.

TEACHERS AND EXAM BOARD

Exam Board

RENATO PROCOPIO (President)

FEDERICO DELFINO

ANDREA BONFIGLIO (President Substitute)

STEFANO BRACCO (President Substitute)

MATTEO FRESIA (Substitute)

LESSONS

LESSONS START

https://corsi.unige.it/en/corsi/10170

Class schedule

The timetable for this course is available here: Portale EasyAcademy

EXAMS

EXAM DESCRIPTION

Students must take a written examination consisting of numerical exercises. The oral examination is optional for students who wish to improve their grade in the written examination.

Students who have valid certification of physical or learning disabilities on file with the University and who wish to discuss possible accommodations or other circumstances regarding lectures, coursework and exams, should speak both with the instructor and with Professor Federico Scarpa (federico.scarpa@unige.it ), the School's disability liaison.

ASSESSMENT METHODS

The assessment strategy is based firstly on the continuous interaction with all the students attending the lessons, especially during the resolution of practical case studies, then it is quantitatively carried out by means of the evaluation of the student during the written and oral examinations.

Exam schedule