Economics of Energy Generation and Supply
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Follow on Instagram for UpdatesEconomics of Energy Generation and Supply Syllabus — Unit-wise Content
The official GTU curriculum for Economics of Energy Generation and Supply (subject code ME03000081) as prescribed for PS · Semester 3 divides the course into 6 units, covering 37 listed topics. The unit-wise breakdown below is read from the GTU syllabus document for this subject code, so you can check what the course actually covers before deciding which papers to attempt.
Download the official syllabus PDF (ME03000081)Unit 1 Energy Scenario
- Energy sources
- the global and Indian energy scenarios
- reforms in the energy sector
- the intersection of energy and the environment
- initiatives in energy conservation, and strategies for enhancing energy security
- Program Name: Master of Engineering Level: PG Subject Code: ME03000081 Subject Name: Economics of Energy Generation and Supply
Unit 2 Energy Demand analysis and forecasting
- Evolution of Demand Analysis
- Understanding Energy Demand Decisions
- Economic Basis of Energy Demand
- Varied Approaches to Energy Demand Analysis: Factor Analysis
- Econometric Approach
- Techniques for Energy Demand Forecasting: Econometric Approach
- End-Use Method
- Input– Output Model
- Scenario Approach
- Artificial Neural Networks
- Hybrid Approach
Unit 3 Energy Demand Management
- Introduction to Demand-side Management (DSM)
- Justification and Evolution of DSM, Load Management Techniques: Direct Load Control
- Indirect Load Control
- Energy Efficiency Opportunities and Economics
- Assessing Cost Effectiveness of DSM: Participant Test
- Ratepayer Impact Measure
- Total Resource Cost Test
- Utility Cost Test
Unit 4 Economics of Fossil Fuel Supply
- Introduction to Fossil Fuel Economics
- Field Development Strategies
- Production Processes and Technologies
- Understanding the Economics of Fossil Fuel Production
- Techniques for Supply Forecasting
Unit 5 Economics of Electricity Supply
- Introduction to the Economics of Electricity Supply: Exploring Fundamental Concepts
- Economic Dispatch: Optimizing Generation for Cost Efficiency
- Unit Commitment: Planning the Operation of Power Plants for Maximum Economic Benefit
- Investment Decisions in the Electricity Sector: Evaluating Costs and Benefits for Future Infrastructure Development
Unit 6 Economics of Renewable Energy Supply
- Exploring Renewable Energy Sources for Electricity Generation
- Understanding the Drivers Behind Renewable Energy Adoption
- Economic Considerations in the Deployment of Renewable Energy Technologies
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