Energy Analysis

(Course Code: 218KEY, Course outline)

Semester: 8 Teaching Credits: 3 ECTS Credits: 5 Type:

Optional Compulsory

Prerequisite Courses:  – Course type: Special background Instructor: Stergios Vakalis

The student will be able to understand the basic units of the energy system and its interaction with the physical and social environment and its technological, economic, environmental and social dimensions. He will also be in a position to evaluate energy investments and to estimate their environmental impact, to organize programmes of energy planning and energy conservation in an area/region, and to implement programmes of energy management. She/he will be able to propose, adopt and evaluate policy and legislation tools for energy and environment issues.

Topics per Week: 1. Introduction, Basic Concepts, Terms, Units.

2. The Energy System, Definitions, Description, Sources, Conversion, Carriers, Uses. The Greek Energy System.

3. The Energy Balance, Energy Indices, Efficiecny, Sankey Diagrams.

4. Energy Demand. Forecasting, Econometric and End-use Models, Optimisation.

5. Energy Planning. Matching Demand and Supply, Management of Uncertainties and Risk, Planning Period. Planning Errors, Green Economy.

6. Energy Investments Evaluation, Funding of Energy Projects.

7. Linear Programming and Optimisation Models.

8. Energy Auditing, Energy Efficiency Programmes, Examples and Case Studies.

9. The Carbon Footprint, Calculations. Examples

10. Energy and Environmental Legislation. Climate Change and Kyoto Protocol Mechanisms.

11. Energy Costing, Tariffs, Marginal Costing, Analysis of Environmental and Social Costs.

12. Multicriteria Analysis and Decision Making, Management of Public Participation.

13. Examples and Case Studies of Energy Planning, Rehearsing basic concepts and exercises.

Theory – Lectures
(hours / week)
Exercises – Laboratories
(hours / week)
Other Activities:

Assignments, Intermediate and Final Test


Lecture notes, pp. 100.

Basic Textbook:
  • Kleinpeter M., (1996), «Energy Planning and Policy», J.Wiley, ISBN 0‐471‐955361

  • Pindyck R. and Rubinfeld, (1991), «Econometric Models and Economic Forecasts», McGraw Hill, ISBN 0‐07‐050098‐3.
  • Munasinghe M. and Meier P., (1993), «Energy Policy Analysis and Modeling», Cambridge University Press.
  • Goldemberg J., Johansson T.B., Reddy A. and Williams R.H., (1989), «Energy for a Sustainable World», J.Wiley. • European Commission, (1995), «EXTERNE‐ Externalities of Energy».
  • Montgomery D.C. and Runger G.C., (1994), «Applied Statistics and Probability for Engineers», J.Wiley.
  • Harvey A.C., (1994), «Forecasting, structural time series models and the Kalman filter», Cambridge University Press.
  • Nash S.G. and Sofer A., (1996), «Linear and Nonlinear Programming», McGraw Hill.
Language: Greek
Internet Links: Regulatory Authority for Energy. Dept of Environment, Energy and Climatic Change, Energy Balances. 1960‐2000. Public Power Corporation. Centre for Renewable Resources Independent Power Transmission Operator Operator of Electricity Market. UNEP Riso Centre for energy, climate change and sustainable development. Hellenic Gas Transmission System Operator. Dept of Energy – USA European Commission – Energy site Europe’s energy portal