Energy Management Economics

Name: Energy Management Economics
Rating: 4.5 (139 reviews)

How to plan an Effective and Cost Efficient Energy Management Activities

Created byAbdelhameed Qotb Ali

Last updated 3/2022

English

English [Auto],

What you'll learn

Preforming Life Cycle Costing Analysis and identifying different financing options
Understanding Clearly Energy Rates and different Tariff Structures
Performing Energy Accounting and Benchmarking activities
Preparing Energy Procurement and Energy Cost Allocation Plan

Course content

5 sections • 38 lectures • 5h 37m total length

Section 1 intro4:22
Explore life cycle costing and total cost of ownership, weighing initial investment, maintenance, operation, and disposal costs to compare two alternatives and financing options for energy projects.
1. Let's Speak Economics I3:37
1.1. Time Value of Money “TVM”
1.2. Principal or Capital
1.3. Costs
1. Let's Speak Economics II4:31
1.4. Interest Rate (IR) and Rate of Return (ROR)
1.5. Cash Flows Diagram (CFD)
1.6. Present Value (PV) & Future Value (FV)
1.7. Inflation and Purchasing Power
2. Effective Annual Rate of interest6:45
3. Future Value Calculation9:46
3.1. Future Value of a single amount
3.2. Future Value of an annuity amounts
3.3. Future value limitations
4. Present Value Calculation10:54
4.1. Present Value of a single amount
4.2. Present Value of an annuity amounts
4.3. Present & Future Value limitations
5. Capital Budgeting Techniques I14:52
5.1. Net Present Value "NPV"
5.2. Payback Period "PBP"
5. Capital Budgeting Techniques II12:29
5.3. Return on Investment “ROI”
5.4. Internal Rate of Return "IRR"
5. Capital Budgeting Techniques III7:49
5.5. Hurdle rate or Minimum Accepted Rate of Return “MARR”
6. Financing & Alternative Financing I10:31
6.1. Equity Financing
6.2. Debt Finance
6.3. Lease Financing
6. Financing & Alternative Financing II15:42
Performance Contracting
Energy Performance Contracting Insurance
What ESCO can provide
Types of ESCO companies
Section 1 Summary & Offline Reading Material12:47
Review time value of money, including present value, future value, and cash flows. Cover capital budgeting methods like NPV, IRR, payback, and hurdle rate, including equity, loans, and leases.

Section 2 intro2:16
1. Consumption vs. Demand9:50
Compare consumption and demand to understand how energy use translates into the energy bill. Learn how fixed and sliding window methods calculate maximum demand and why utilities plan capacity accordingly.
2. Types of Energy Tariff Structures10:26
1.1. Consumption Vs Demand
1.2. Why it is important?
1.3. Demand Calculation Methods
3. Understanding your Energy bill I12:12
3.1. Customer Service Charges
3.2. Demand Charges
3. Understanding your Energy bill II14:51
3.3. Ratchet Charges.
3.4. Power Factor Charges
3.5. Fuel Charge
3.6. Delivery and Supply
3.7. Energy Export
4. Demand Response9:51
Demand response helps utilities balance grid supply and demand by reducing or shifting load during peak periods. It includes behavior and automated demand response, rewarding participants with lower bills.
Section 2 Summary & Offline Reading Material8:16

Section 3 intro3:46
1. Energy Accounting10:39
1.1. Simplified Energy Accounting
1.2. Load-based Energy Accounting
1.3. Data analysis
2. Performance Measurement I8:45
2.1. Demand Charge
2.2. Load Factor “LF”
2. Performance Measurement II10:02
2.2. Energy Use Index “EUI”
2.3. Energy Cost Index “ECI”
3. Performance Management I11:14
3.1. Measurement and Verification “M&V”
3.2. What’s M&V?
3.3. Why we need M&V?
3. Performance Management II11:09
3.4. M&V Guidelines and Protocols
3.4.1. IPMVP Framework
3.4.2. FEMP M&V Guidelines
3. Performance Management III10:33
3.4.3. ASHRAE Guideline 14
3.5. M&V planning structure & Process
4. Energy Benchmarking I10:59
4.1. Energy Monitoring, Targeting and Reporting (MT&R)
4. Energy Benchmarking II12:31
4.2. Energy Modeling
4.2.1. White-Box Energy Modeling
4.2.2. Black-Box Energy Modeling
4.2.3. Grey-Box Energy Modeling
Section 3 Summary & Offline Reading Material6:49
Explore energy accounting and benchmarking, including data collection, interval metering for load-based accounting, and metrics like load factor, energy use index, energy cost index, and measurement and verification.

Section 4 intro3:05
Explore energy procurement for electricity and gas, balancing pricing stability, sustainability, renewable percentage, and future needs, and learn about battery strategy and coastal location for allocating energy to each load.
1. Regulated Vs. Deregulated energy markets.3:56
Compare regulated and deregulated energy markets, including monopoly and vertically integrated utilities, to show supplier choice, pricing plans, and competition, and highlight renewables and green pricing in deregulated markets.
2. Energy Procurement Plan9:50
3. Energy Sources9:46
Categorize energy resources into primary and secondary types and explore solar, wind, hydro, tidal, geothermal, bioenergy, nuclear, and fossil fuels within an energy balance framework.
4. Energy Balance I7:30
Analyze the energy balance sheet, a matrix of energy products and their flows by sector from production to consumption. Understand how calorific value unifies units for energy security and forecasting.
4. Energy Balance II7:41
Explore energy balance using tonnes of oil equivalent and CO2e to quantify energy demand. Examine transformation and inputs, electricity, heat, and final energy consumption across industry, transport, and other sectors.
5. Cost Allocation11:37
Allocate energy costs to individual consumption centers using sub metering and learn basic, blended, and complex cost allocation methods for benchmarking and targeted savings.
Section 4 Summary & Offline Reading Material5:25

Requirements

No Prerequisites needed.

Description

Hello and Welcome to “Energy Management Economics”. My idea while preparing for this course is providing a simple yet well explained material for anyone who is interested in The field of Energy Management. Whether you are coming from technical or non-technical background. Attending this course would help you having your first steps in the field, also helping you finding what next steps to take.

The course content is covered through four main sections

Section 1: Life Cycle Costing Analysis & Financing

In first section, we are going to discuss the process of LCCA, and financial analysis starting from the common terminologies you may encounter during the course, difference between interest rate and effective interest rate, Future and Present value calculations.

Then we’ll move to Capital Budgeting Techniques and in this part, we’ll talk about five of these techniques, Net Present value, Payback Period, Return on Investment, Internal Rate of Return and Hurdle Rates.

Finally, we have the Financing and Alternative Financing options which are available for you to fund your energy projects. In this part we’re covering equity, debt, leasing financing and finally Energy performance contracting.

Section 2: Energy Rates & Tariff Structure

Here we’re going to understand how utilities are billing your energy consumption. And the difference between energy Consumption and Demand. Then we’ll discuss in detail how energy demand is calculated.

During this section as well, you’ll know different types of Tariff Structures and how to read/analysis your energy bill and understand its components. Finally, we’ll see what’s Demand Response programs and why utilities offer such programs.

Section 3: Energy Accounting & Benchmarking

Going then to the third section, where it’ll help you to understand how to perform Energy Accounting activities for your facility or project. And explaining the whole process steps from measuring, recording, and collecting to analysis your energy-related data.

The second part of this section will be for Benchmarking and assess how well your facility is performing. To do so we need methods or techniques to measure and manage your performance so we can judge how good or bad your facility performs compared with other projects or facilities.

Section 4: Energy Procurement

Fourth and Final section would be for Energy Purchasing planning in different energy markets, different energy sources. What is the Energy Balance sheet and how to read it? And finally, Cost Allocation planning, why we need it and how to build it?

Who this course is for:

Energy Managers
Electrical Engineers
Facility Managers
Energy Engineers
Renewable Energy Professionals
Operation and Maintenance Professionals

Energy Management Economics

What you'll learn

Explore related topics

Course content

LIFE CYCLE COSTING ANALYSIS & FINANCING12 lectures • 1hr 54min

ENERGY RATES & TARIFF STRUCTURES7 lectures • 1hr 8min

Energy Accounting and Benchmarking10 lectures • 1hr 36min

ENERGY PROCUREMENT8 lectures • 59min

Course Wrap up and Next Steps1 lecture • 1min

Requirements

Description

Who this course is for: