Course detail

Economy of Electrical Power Engineering

FEKT-NEELAcad. year: 2019/2020

The course deals with the problems of power system economics, such as costs in power engineering, assessing losses, cost calculation for electric lines and transformers, of the cost of losses, liberalisation of power engineering, state policy concerning power engineering.

Learning outcomes of the course unit

Ability of applying economic point of view on power and electrical power engineering.


The subject knowledge on the Bachelor´s degree level is requested.


Not applicable.

Recommended optional programme components

Not applicable.

Recommended or required reading

Humphreys K. K.: Jelen's Cost and Optimatization Engineering. New York: McGraw-Hill, 1991. ISBN 0-07-053646-5.
Stoft S.: Power System Economics: Designing Markets for Electricity. New York: IEEE / Wiley, 2002. ISBN 0471150401.
Brealey R. A., Myers S. C.: Principles of Corporate Finance. New York: McGraw, 2002. ISBN 0071151451.

Planned learning activities and teaching methods

Teaching methods depend on the type of course unit as specified in the article 7 of BUT Rules for Studies and Examinations.

Assesment methods and criteria linked to learning outcomes

Coursework: max. 30 points.
Final Examination: max. 70 points.

Language of instruction


Work placements

Not applicable.


The aim of the course is to introduce students to the application of economic criteria in electrical power engineering.

Specification of controlled education, way of implementation and compensation for absences

The content and forms of instruction in the evaluated course are specified by a regulation issued by the lecturer responsible for the course and updated for every academic year.

Classification of course in study plans

  • Programme EEKR-MN Master's

    branch MN-EEN , 2. year of study, winter semester, 5 credits, compulsory

Type of course unit



39 hours, optionally

Teacher / Lecturer

Fundamentals seminar

7 hours, compulsory

Teacher / Lecturer

Exercise in computer lab

6 hours, compulsory

Teacher / Lecturer