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Module

SPG8024 : Quantifying Energy Decision Making

  • Offered for Year: 2020/21
  • Module Leader(s): Dr Neal Wade
  • Lecturer: Dr David Greenwood
  • Owning School: Engineering
  • Teaching Location: Newcastle City Campus
Semesters
Semester 1 Credit Value: 10
ECTS Credits: 5.0

Aims

To enable business enterprise students to quantify (physically and economically) energy decision making through knowledge and understanding of:
-       Energy science concepts and SI units for physical quantities.
-       Economic appraisal methods for energy projects.
-       Energy supply contexts and issues influencing energy project evaluation.

Outline Of Syllabus

Energy science concepts and SI units
-       Human need for heat and work – energy.
-       Definitions and physical forms – energy, heat, work and related properties.
-       Measuring physical quantities – SI units for energy systems.
-       Key distinctions – work and power, heat and temperature.
-       Energy transformations and the economic value of energy – the 1st and 2nd Laws.

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.
-       Energy project comparison - cost per unit produced.
-       Asset depreciation.

Issues influencing energy plant evaluation and selection:
-       Demand and supply characteristics in power systems.
-       Supply characteristics of renewable energy resources.
-       Issues in exploiting renewable energy resources.
-       The concept of availability in power systems.
-       Security of supply, reliability and plant margin.
-       Issues of scale – centralised and distributed systems.

Teaching Methods

Please note that module leaders are reviewing the module teaching and assessment methods for Semester 2 modules, in light of the Covid-19 restrictions. There may also be a few further changes to Semester 1 modules. Final information will be available by the end of August 2020 in for Semester 1 modules and the end of October 2020 for Semester 2 modules.

Teaching Activities
Category Activity Number Length Student Hours Comment
Structured Guided LearningLecture materials270:209:00Non-synchronous Pre-recorded lecture materials - 20 mins each
Guided Independent StudyAssessment preparation and completion115:0015:002000 word + non-textual report
Guided Independent StudyDirected research and reading130:0030:00Using course materials and reading list
Structured Guided LearningStructured research and reading activities19:009:00Student time to review course materials
Structured Guided LearningStructured research and reading activities11:301:30Exploration of assessment tasks.
Scheduled Learning And Teaching ActivitiesWorkshops12:002:00Synchronous Exploration and discussion of content
Scheduled Learning And Teaching ActivitiesDrop-in/surgery11:001:00Synchronous: Early stage review
Guided Independent StudyIndependent study122:3022:30Exploratory reading and research
Scheduled Learning And Teaching ActivitiesScheduled on-line contact time91:009:00Synchronous sessions for expansion on online lectures
Scheduled Learning And Teaching ActivitiesModule talk11:001:00Synchronous - Setting the module expectations
Total100:00
Teaching Rationale And Relationship

This module is delivered through a combination of written course materials, pre-recorded video presentations and opportunities for students to check their understanding directly with the teaching staff. A workshop is held for the students to gain feedback on their understanding and explore the broader context of decision making in energy systems. Guidance is provided for the wider reading that the students must undertake in order to gain sufficient understanding of the subject area and how to access and make use of the wide range of resources that are available on this topic.

Alternatives will be offered to students unable to be present-in-person due to the prevailing C-19 circumstances.

Students should consult their individual timetable for up-to-date delivery information.

Assessment Methods

Please note that module leaders are reviewing the module teaching and assessment methods for Semester 2 modules, in light of the Covid-19 restrictions. There may also be a few further changes to Semester 1 modules. Final information will be available by the end of August 2020 in for Semester 1 modules and the end of October 2020 for Semester 2 modules.

The format of resits will be determined by the Board of Examiners

Other Assessment
Description Semester When Set Percentage Comment
Report1M100Report to evaluate students ability to apply learning to decision making in an energy system - context, physical & financial aspects
Assessment Rationale And Relationship

Assignment is designed for students to demonstrate the knowledge and skills they have acquired in energy numeracy, correct use of units, the context of energy systems and economic evaluation. This must be communicated effectively within the specified length, making efficient use of text and non-textual elements. To show high level of achievement students must apply independent research with appropriate referencing of the literature to demonstrate work beyond the module materials.

Reading Lists

Timetable