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Economics of Power Sector

This document outlines the course plan for the Economics of Power Sector course offered at the University of Petroleum & Energy Studies. The course is a 3-credit course offered in the 5th semester of the B.A., LL.B. (Hons.) Energy Law program. The course objectives are to provide an overview of power sector economics, policies, and regulation and their implications. The course will be delivered over 36 sessions covering topics such as the Indian and global power scenario, electricity generation, transmission, pricing principles, and contracts. Students will be evaluated through case studies, projects, presentations, and tests. The course aims to help students understand concepts of power sector economics and apply principles to analyze policies and the power market.

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pintu ram
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0% found this document useful (0 votes)
147 views8 pages

Economics of Power Sector

This document outlines the course plan for the Economics of Power Sector course offered at the University of Petroleum & Energy Studies. The course is a 3-credit course offered in the 5th semester of the B.A., LL.B. (Hons.) Energy Law program. The course objectives are to provide an overview of power sector economics, policies, and regulation and their implications. The course will be delivered over 36 sessions covering topics such as the Indian and global power scenario, electricity generation, transmission, pricing principles, and contracts. Students will be evaluated through case studies, projects, presentations, and tests. The course aims to help students understand concepts of power sector economics and apply principles to analyze policies and the power market.

Uploaded by

pintu ram
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 8

Format No. QSP/7.1/01.

F01 (A)
Issue No.06 Rev. No 7 Dated: July 16, 2018
__________________________________________________________________________________
___________

UNIVERSITY OF PETROLEUM & ENERGY STUDIES


School of Business
Dehradun
______________________________________________________

COURSE PLAN
Programme : B.A., LL.B. (Hons.) Energy Law

Course : Economics of Power Sector

Semester : V

Session : July to December 2019

Batch : 2017-22 (A & B)

Course Code : CLNL3007

No. of credits : 3

Prepared by : Avishek Ghosal

Email : aghosal@ddn.upes.ac.in

Approved By

_______________________ _______________________

HOD Dean

UPES Campus “Knowledge Acres” P.O. Kandholi, Via Prem Nagar Dehradun -248 007 (U K)
Tel : +91-135-2770137 Fax : +91 135- 27760904 Website : www.upes.ac.in
COURSE PLAN
B.A., LL.B. (Hons.)
Course: Economics of Power Sector Program:
Energy Law 2017-22
Credit Point: 3 Course Code: CLNL3007
Duration: July to December 2019 Semester: V

A. LEVEL OF KNOWLEDGE REQUIRED


Basics of Energy Economics/Principles of Economics
B. OBJECTIVES
The objectives of this course are:

a) To provide an overview of the economics of power and highlight the regulation and
power sector policies.
b) To explain implication of power sector policies and regulation on power market and
power tariff
c) To enable the students to understand the environmental implication with respect to
power sector.

COURSE OUTCOMES

Students will be able to:

1. Explain the different concepts of power sector economics.

2. Analyze the impact of regulation and policies in power sector

3. Apply the principles of power economics, regulation and policies in power market and power
tariff

4. Extend the understanding of power economics in policy formulation.


POs/PSOs Course outcomes
for Program

CO 2

CO 4
CO 1

CO 3
Program Outcomes (POs)

Students will demonstrate conceptual knowledge in core areas √ √ √ √


of law.
Students will effectively apply their learnings to practical legal √ √ √ √
issues.

Students will be able to exhibit effective law professional skills, √ √ √ √


employing oral and written communication, legal research,
analysis, rationalization and critical-thinking.
Students will demonstrate ability to evolve alternative
solutions from dynamic socio-economic and techno-legal √ √
perspectives.

Students will demonstrate desirable qualities to be employable √



in the relevant market.
Students will show sensitivity towards ethical, moral and social

issues arising in their professional career.

Students will exhibit commitment, teambuilding, networking, √ √ √ √


leadership and lifelong learning skills to excel in legal world

Program Specific Outcomes (PSOs)

Students will be able to demonstrate conceptual √ √ √ √


knowledge in core areas of social sciences.
Students will be able to demonstrate integrated knowledge of √ √ √ √
legal principles and social sciences.

Students will be able to exhibit skills in practices and √ √ √ √


procedures of Energy Law.
C. THE SYLLABUS
The course is offered through the following Modules:

Module 1: Indian & Global Power Scenario


Module 2: Electricity Generation, Transmission & Distribution
Module 3: Regulation, Deregulation, Policy & Market Structure
Module 4: Electricity Pricing & Economic Principles
Module 5: PPA & Types of Contract
Module 6: Energy Demand Forecasting

D. PEDAGOGY
A mix of following methodologies would be used for the course delivery/ evaluation:

 Lecture/Class Participation
 Case study
 Management game
 Group/ Individual Project

E. COURSE COMPLETION PLAN


Total hours per week: 3 contact hours / week (3 sessions of 60 minutes each / week).
The course will be covered in 36 sessions.

F. EVALUATION & GRADING

Course
Component 1

Component 2

Component 3

Component 4

outcomes for Continuous


evaluation
tools

CO 1 √ √ √

CO 2 √ √ √

CO 3 √ √ √ √

CO 4 √ √ √
Internal Assessment (IA): (Weightage – 30%) shall be done based on the following:

a) Evaluation Component 1: Case Study Evaluation (Weightage: 25%)

b) Evaluation Component 2: Group Project (Weightage: 35%)

c) Evaluation Component 3: Country Analysis in form of Presentation (Weightage: 25%)

d) Evaluation Component 4: Class Tests (Weightage: 15%)

Mid-Semester Examination (MS): (Weightage – 20%)


Mid Semester examination shall be of two hours duration. The examination paper shall have
conceptual & theory questions and a case study.

End-Semester Examination (ES): (Weightage – 50%)


End Semester examination shall be of three hours duration. The examination paper shall
have conceptual & theory questions and a case study.

Achieving a Pass Grade


Students have to pass in the end-semester exam and in the overall evaluation.

For UG programs, student scoring less than 35 absolute marks in the Individual Course
(Subject), whether in the End Semester Exam or in the composite score, shall be awarded
as ‘F’ grade.

For PG programs student scoring less than 40 absolute marks in the Individual Course
(Subject), whether in the End Semester Exam or in the composite score, shall be awarded
as ‘F’ grade.
Student scoring 85 and above in composite score (IA+MS+ES), shall be awarded the highest
grade as ‘O’ i.e. “Outstanding” (on 10 point Scale).

Attendance
Students are required to have minimum attendance of 75% in each subject. Students with
less than said percentage shall not be allowed to appear in the end semester examination.

Cell Phones and other Electronic Communication Devices: Cell phones and other electronic
communication devices (such as Blackberry) are not permitted in classes, tests or in the
Mid/Final Examination. Such devices MUST be turned off and left at the front or back of the
room.

E-Mail and LMS: Each student in the class will have an e-mail id and a pass word to access the
LMS system regularly. Occasionally, important information to the class will be transmitted via
e-mail/LMS.
G. DETAILED SESSION PLAN

Session Topic Readings Pedagogy

1 Module 1: Indian & Global Power CEA & CERC documents Lecture/Class
Scenario Indian Power Participation/PPT
Scenario
2 Global Power Scenario- North & BP Statistics/ IEA Data Lecture/Class
South America Participation/PPT
3 Global Power Scenario- Europe/ BP Statistics/ IEA Data Lecture/Class
Africa Participation/PPT
4 Global Power Scenario- Asia/ BP Statistics/ IEA Data Lecture/Class
Oceania Participation/PPT
5 Module 2: Electricity Generation, Power Plant Engg by Dr. P.K. Nag Lecture/Class
Transmission & Distribution : Participation/PPT
Thermal Power
6 Hydro Power Power Plant Engg by Dr. P.K. Nag Lecture/Class
Participation/PPT
7 Solar & Wind Power Power Plant Engg by Dr. P.K. Nag Lecture/Class
Participation/PPT
8 Transmission & Distribution ELECTRIC DISTRIBUTION SYSTEMS Lecture/Class
by ABDELHAY A. SALLAM OM P. Participation/PPT
MALIK
9 Class Test- I

10 Module 3: Regulation, Electricity Markets Pricing, Lecture/Class


Deregulation, Policy & Market Structures and Economics by Chris Participation/PPT
Structure ; Liberization Paradigm & Harris
Basics of Regulation
11 Electricity Act 2003 Electricity Markets Pricing, Lecture/Class
Structures and Economics by Chris Participation/PPT
Harris
12 Case Study – I (Enron Development Corporation: The Dabhol
Power Project in Maharashtra, India)
13 Regulatory Bodies in India & Its role Electricity Markets Pricing, Lecture/Class
Structures and Economics by Chris Participation/PPT
Harris
14 Market Structures-I Electricity Markets Pricing, Lecture/Class
Structures and Economics by Chris Participation/PPT
Harris
15 Market Structures-II Electricity Markets Pricing, Lecture/Class
Structures and Economics by Chris Participation/PPT
Harris
16 Revision & Doubt Clearings

MID SEMESTER EXAMINATION

Electricity Markets Pricing, Electricity Markets


Module 4: Electricity Pricing &
Structures and Economics by Chris Pricing, Structures
17 Economic Principles; Basic
Harris and Economics by
terminologies
Chris Harris
Electricity Markets Pricing, Electricity Markets
Basics of Economic Electricity Structures and Economics by Chris Pricing, Structures
18
Pricing Harris and Economics by
Chris Harris
Electricity Markets Pricing, Electricity Markets
Tariff calculation for Thermal Structures and Economics by Chris Pricing, Structures
18
Power: Fixed cost Harris and Economics by
Chris Harris
Electricity Markets Pricing, Electricity Markets
Tariff calculation for Thermal Structures and Economics by Chris Pricing, Structures
19
Power: Variable cost Harris and Economics by
Chris Harris
Electricity Markets Pricing, Electricity Markets
Structures and Economics by Chris Pricing, Structures
20 Economic Principle in Pricing-I
Harris and Economics by
Chris Harris
Electricity Markets Pricing, Electricity Markets
Structures and Economics by Chris Pricing, Structures
21 Economic Principle in Pricing-II
Harris and Economics by
Chris Harris
Electricity Markets Pricing, Electricity Markets
Structures and Economics by Chris Pricing, Structures
22 Tariff calculation for Solar
Harris and Economics by
Chris Harris
23 Case Study – II ( The Tennessee Valley Authority: The Cost of Power)
Competition in Electricity Markets Lecture/Class
24 Power Trading-I
by Sally Hunt Participation/PPT
Competition in Electricity Markets Lecture/Class
25 Power Trading-II
by Sally Hunt Participation/PPT
Lecture/Class
26 Draft Tariff Policy of India 2019-24 CERC documents
Participation/PPT
Lecture/Class
27 Transmission Pricing CERC documents
Participation/PPT
Lecture/Class
28 Consumer Pricing CERC documents
Participation/PPT
29 Class Test- II
Module 5: PPA & Types of Contract; Lecture/Class
30 Sample PPA will be provided
PPA 1 Participation/PPT
31 Bidding Process; Case 1 CERC Documents Lecture/Class
Participation/PPT
Lecture/Class
32 Bidding Process; Case 2 CERC Documents
Participation/PPT
Lecture/Class
33 PPP Models World Bank Documents
Participation/PPT
ELECTRIC DISTRIBUTION
Module 6: Energy Demand Lecture/Class
34 SYSTEMS by ABDELHAY A. SALLAM
Forecasting Participation/PPT
OM P. MALIK
ELECTRIC DISTRIBUTION
Lecture/Class
35 Regression & ARIMA SYSTEMS by ABDELHAY A. SALLAM
Participation/PPT
OM P. MALIK
ELECTRIC DISTRIBUTION
Lecture/Class
36 Artificial Intelligence & Fuzzy Logic SYSTEMS by ABDELHAY A. SALLAM
Participation/PPT
OM P. MALIK
END SEMESTER EXAMINATIONS

SUGGESTED READINGS:
Reference Books:

1. ABDELHAY A., S., & OM, P. M. (2011). ELECTRIC DISTRIBUTION SYSTEMS. John Wiley & Sons.

2. Conejo, A. J., & Carrión, M. (2010). Decision Making Under Uncertainty in Electricity Markets.
Springer.

3. Electricity Markets Pricing, Structures and Economics by Chris Harris, John Wiley & Sons

Reference Material:

1. Case Study I: Enron Development Corporation: The Dabhol Power Project in Maharashtra,
India
2. Case Study II: The Tennessee Valley Authority: The Cost of Power
3. CERC Documents.
4. World Bank Documents

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