course: Electrical Power Economics

teaching methods:
lecture with tutorials
overhead transparencies, computer based presentation, black board and chalk
responsible person:
Prof. Dr.-Ing. Constantinos Sourkounis
Dr.-Ing. Jürgen Dennersmann (extern)
offered in:
winter term

dates in winter term

  • start: Monday the 07.10.2019
  • lecture Mondays: from 15:15 to 16.45 o'clock in ID 03/463
  • tutorial Mondays: from 17:00 to 17.45 o'clock in ID 03/463


All statements pertaining to examination modalities (for the summer/winter term of 2020) are given with reservations. Changes due to new requirements from the university will be announced as soon as possible.

Date according to prior agreement with lecturer.

Form of exam:oral
Registration for exam:FlexNow


The students understand the close integration of technical and economic aspects in the extraction, conversion and use of energy sources. They recognize the close interaction of technology with other areas such as economics, ecology, law and politics. The students will be able to use the energy-related technical and economic efficiency calculations and will learn the basics about energy law and regulation as well as about energy trading and portfolio optimization.


The lecture covers the extraction, transport and logistics as well as conversion of the main primary energy resources in the world and specifically with regards to Germany and explains the basic efficiency calculations for involved processes. The next part deals with production of electrical power out of fossil fuels, nuclear, fuel cells and renewable energy sources and with the aspect of combined-heat-and power-production (CHP). After having captured the basics of business and financial management the students will calculate and compare the power production costs from different sources and will understand the foundations of a successful business planning. The next part covers the extreme link between the use of energy and all kind of environmental impacts such as climate change. The last part of the lecture provides the basics of energy trading as a tool for power plant optimization and portfolio and risk management.

The lecture is structured as follows:

  • Basics of energy usage and processes
  • Energy demand and it´s coverage
  • Extraction, transportation and use of the main fossil fuels
  • Power Generation – Conversion of primary energy into electrical power
  • Fossil fuels – coal and gas
  • Nuclear and fuel cells
  • Renewable energy – solar, hydro, wind, biomass
  • Basics of business and financial management
  • Costs calculation and business planning
  • Energy and environment
  • Energy trading and power plant optimization
  • Portfolio & Risk management



recommended knowledge

Mastering the basics of power engineering Good knowledge of the energy-related physical processes (e.g. such as captured in thermodynamics). Good mathematical background


presentation slides: