Study Guide

Learning objectives

The course Energy Economy and Supply is dealing with political drivers of energy use, procurement and production and energy security matters. Student learns the basics of techno-economic optimization between energy demand, energy availability and energy production. Student familiarizes with cost structure and calculation of different energy production methods. After completing the course, student is able to prepare profitability calculations of different energy investments by using economic calculation methods or on the other hand, prepare economical comparison calculations between different energy production methods. Student knows the basics of electricity market function and of the mechanisms guiding it. The student knows the international and national agreements, laws and regulations guiding the energy traders, that guide towards the more efficient energy use in the society and towards the energy production, that has the lowest burden to the environment. The student knows the Finnish energy branch and masters finding the information of the energy issues.

Content

1. World's /Finland's energy resources and their adequacy
2. Energy and environmental statistics: preparing statistics, interpretation and prognoses of energy consumption and production
3. Finnish energy system: use of energy (industry/other use) and energy production, energy security, energy operators
4. Profitability calculations and methods
5. Energy markets: fuels, energy production costs, optimization of energy production, electricity markets
6. International and national climate and energy policy and its effect on energy solutions
- International agreements and national decisions, laws and regulations
- Effect of climate strategy on development of energy systems
7. Financial instruments: emission trade, energy production and investment subsidies, energy taxes
8. Energy efficiency and its promotion
9. Technological aspects of energy use and production in Finland and overseas

Materials

Shall be announced in the beginning of the course.