43026 Energy Economics, Optimisation and Policy
Warning: The information on this page is indicative. The subject outline for a
particular session, location and mode of offering is the authoritative source
of all information about the subject for that offering. Required texts, recommended texts and references in particular are likely to change. Students will be provided with a subject outline once they enrol in the subject.
Subject handbook information prior to 2024 is available in the Archives.
Credit points: 6 cp
Result type: Grade and marks
Requisite(s): 41124 Electrification and Renewables Studio OR 43124 Renewable Energy Technology OR 42090 Introduction to Sustainable Microgrids OR 78 credit points of completed study in spk(s): MAJ03547 84cp Renewable Energy Engineering OR 78 credit points of completed study in spk(s): MAJ03548 114cp Renewable Energy Engineering OR 78 credit points of completed study in spk(s): MAJ03549 120cp Renewable Energy Engineering
Description
In the next decade, renewable energy technology will play an increasing role in building a carbon neutral economy and meeting global clean energy demand. As energy systems, related markets, policies and regulations are experiencing major changes due to energy transitions, relevant skills for a career in a future energy landscape are required to drive this energy transition within the necessary time frame.
This subject provides an opportunity to examine and understand the fundamentals of energy optimisation, energy efficiency, energy security, energy policy, the role of energy in the economy, economic methods of assessing and modelling energy, the economics of various sources of energy, techno-economic feasibility analysis, electricity markets, and other key topics in energy economics. The subject investigates key challenges, barriers and opportunities in optimising the energy planning, usage and cost. Students gain insights into how optimised resources, energy efficiency and policy can drive global energy sectors towards clean energy sources and thereby achieving NetZero and promoting economic development.
Contribution to the development of graduate attributes
Engineers Australia Stage 1 Competencies
This subject contributes to the development of the following Engineers Australia Stage 1 Competencies:
- 1.3. In-depth understanding of specialist bodies of knowledge within the engineering discipline.
- 1.5. Knowledge of engineering design practice and contextual factors impacting the engineering discipline.
- 1.6. Understanding of the scope, principles, norms, accountabilities and bounds of sustainable engineering practice in the specific discipline.
- 2.2. Fluent application of engineering techniques, tools and resources.