Course Details
Subject {L-T-P / C} : EE6255 : Energy Management and Economics { 3-0-0 / 3}
Subject Nature : Theory
Coordinator : Hanumantha Rao Bokkisam
Syllabus
| Module 1 : |
Energy supply and demand, Overview of Energy Management, Need for energy management,
|
| Module 2 : |
Introduction to Smart Meters, Home Energy Management Systems (HEMS), Data Collection and Analysis Techniques, Role of IoT in Smart Metering, Applications of Data Analytics in Energy Management. |
| Module 3 : |
Electricity pricing models, Time-of-use tariffs, Load curve analysis, Peak load management, Fundamentals of Demand Side Management (DSM), Demand Response (DR), Case Studies of Successful DSM & DR Programs. |
| Module 4 : |
Overview of Renewable Energy Sources, Economic Impacts of Renewable Energy Adoption, Incentives and Subsidies, Grid Integration Challenges. Policy and Regulatory Frameworks (Electricity Act, CERC, SERCs, National Electricity Policy).
|
| Module 5 : |
Introductions to Energy markets, Power exchanges, Ancillary services market, Carbon Markets, and Circular energy economy. |
Course Objective
| 1 . |
Understand the principles and importance of energy management. |
| 2 . |
Familiarize students with smart metering technologies and data analytics |
| 3 . |
Analyze economic aspects of energy generation, distribution, and consumption. |
| 4 . |
Analyze the integration and economic impacts of renewable energy sources. |
| 5 . |
Investigate innovative approaches to energy management and their future potential. |
Course Outcome
| 1 . |
Understand energy management techniques to improve energy efficiency. |
| 2 . |
Familiarize students with smart metering technologies and data analytics. |
| 3 . |
Analyze demand-side management and demand response strategies. |
| 4 . |
Analyze the economic impacts of renewable energy integration and regulatory frameworks. |
| 5 . |
Understand energy markets, carbon trading, and sustainability mechanisms. |
Essential Reading
| 1 . |
David K. S. Shiu, Smart Energy Management: Innovation, Technology and Applications, CRC Press |
| 2 . |
Godfrey Boyle, Renewable Energy: Power for a Sustainable Future, Oxford University Press |
Supplementary Reading
| 1 . |
David Newbery, The Economics of Energy: A Primer on Energy Economics, Cambridge University Press |
Journal and Conferences
| 1 . |