MJ2383 Energy System Economics, Modelling and Indicators for Sustainable Energy Development 6.0 credits

Energisystemekonomi, modellering och indikatorer för hållbar energiutveckling

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Course information

Content and learning outcomes

Course contents *

The overall objective of the course is to teach the basic energy system economic concepts related to infrastructure investments, the energy-environment economics and the role of indicators for sustainable development.

The participants will gain exposure to economic screening curves, energy-environment-economic (3E) modeling, understand basic linear programming techniques and interpretation and model scenarios, policies, technology and other interventions and map these to key indicators for sustainable development ISED.

Intended learning outcomes *

Upon successfully completing this course,the student should be able to:

  • Explain key economics and costs of energy infrastructure investments
  • Develop economic screening curves to assess the performance of energy investment and operation
  • Explainthe drivers of long term energy-environment-economic (3E) optimization models and contextualizetheirrolein the planning process.
  • Map outthe energy system from services to supply in a RES (Reference Energy System) Diagram.
  • Develop and model scenarios, policies, technology and other interventions.
  • Interpretimportant outputs of bottom-up 3E optimization modelsin terms of their economic implications (including system costs and shadow prices).
  • Identifyandderive Indicators for Sustainable Development (ISED) in the modeling and evaluation of an energy system.And to interpretthem in terms of their social, economic and environmental dimensions.

Course Disposition

The course will be conducted in the combination of lectures, computer labs, mandatory seminars, project report and an exam. Lectures and labs will be delivered by some local and external experts coming form variuos research organizations. After completion of all computer labs students will be required to do two seminars followed by a detailed project report and an exam at the end of course. The course instructors will provide appropriate projects list during the 1st week of course. Each projects report will be completed by group of 3 to 4 students. The project report should be documented in a written report in English and also the peer review of project report of opponent group will be done by each group. For the mandatory seminars during the course, the students will prepare the presentation of their progress in each computer lab they performed.

Literature and preparations

Specific prerequisites *

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Recommended prerequisites

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Examination and completion

Grading scale *

A, B, C, D, E, FX, F

Examination *

  • PRO1 - Project, 3.0 credits, Grading scale: A, B, C, D, E, FX, F
  • SEM1 - Seminar, 0.5 credits, Grading scale: P, F
  • SEM2 - Seminar, 0.5 credits, Grading scale: P, F
  • TEN1 - Exam, 2.0 credits, Grading scale: A, B, C, D, E, FX, F

Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.

The examiner may apply another examination format when re-examining individual students.

Opportunity to complete the requirements via supplementary examination

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Opportunity to raise an approved grade via renewed examination

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William Usher

Further information

Course web

Further information about the course can be found on the Course web at the link below. Information on the Course web will later be moved to this site.

Course web MJ2383

Offered by

ITM/Energy Technology

Main field of study *

Mechanical Engineering

Education cycle *

Second cycle

Add-on studies

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Ethical approach *

  • All members of a group are responsible for the group's work.
  • In any assessment, every student shall honestly disclose any help received and sources used.
  • In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.