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Introduction to Quantifying Energy Decision Making CPD

This module will enable business enterprise students to physically and economically quantify energy decision making.

Introduction to Quantifying Energy Decision Making programme

New dates: Mondays & Tuesdays, late April/early May 2023 

Venue: Newcastle University

About the programme

We have developed this module to enable business enterprise students to quantify energy decision making through knowledge and understanding of:

  • energy science concepts described in appropriate quantities and units
  • energy supply contexts
  • issues influencing energy project evaluation
  • economic appraisal methods for energy projects

The material covered addresses:

  • energy science concepts, quantities and units
  • human need for heat and work – energy
  • definitions and physical forms – energy, heat, work and related properties
  • measuring physical quantities – units for energy systems
  • key distinctions – work and power, heat and temperature
  • energy transformations, efficiency and value

Issues influencing energy plant evaluation and selection:

  • meeting demand in electrical power systems
  • supply characteristics of renewable and thermal energy generators
  • renewable energy resources characteristics
  • marginal costs of generation
  • energy market structures and generator merit order
  • security of supply, reliability and plant margin
  • capacity markets and incentivising clean energy

Economic appraisal for energy projects:

  • time-value of money and discounted cash flow for long-term projects
  • project financial appraisal approaches based on lifetime cost
  • unit cost of production and levilised cost of energy
  • asset depreciation
  • carbon abatement costs

For further information

If you have any queries about our CPD programme please email llahub@ncl.ac.uk