Electrical Power Economics

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Electricity and Money

Welcome to the Home page for Electrical Power Economics!

In this short course we will discuss Economics of Electric Power Generation, Transmission & Distribution( such as Cost per KilloWatt; Tariffs etc… ). At the end of this course the student is expected to be familiar with the Costs related in Setting Up and running Electrical Utilities in real life.

You are advised to read carefully through given material and attempt all quiz/questionnaires in this course and don't forget to follow necessary safety code that will be outlined in this course. We hope you will enjoy this course in Electrical Engineering.

Syllabus[edit]

At the end of this course the student is expected to be comfortable with the following:

  1. Economics of Power Generation
  2. Load Factor and Energy Saving
  3. Electrical Tariff
  4. Characteristics of an Electrical Tariff
  5. General Tariff make up

Prerequisites[edit]

The following courses are considered important for the student to be at ease with material that will be covered in this course:

  1. Electrical Power Generation

Resources[edit]

Wikiversity has a respectable body of content related to this course, you are advised to use the resources wisely to achieve your success. This course includes a formula sheet that can help you remember important Formulae and principles. Do not rely on the formula sheet entirely without understanding course material.

Organization[edit]

This course consists of:

  • 5 Lessons → [ 5 Days ]
  • 1 Quiz Test → [ 1 Day ]

All the above span about 1 week. Plan your time wisely, by starting a journal and track your progress. If you work consistently and keep to your planned Study Time, you will do very well in this course.

Here are some of the resources available to Help you understand and make better used of this personal learning experience:

Lessons[edit]

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  1. Introduction
  2. Depreciation
  3. Tariff Characteristics
  4. Tariff Structure
  5. Formulae