The following university lectures Prof. Weale delivers to master students are available (with suitable modification) for executive coaching and in-house company training.
Key concepts taught running through the lectures are:
- Calculation of fixed and variable costs for energy plants and their role in decision making (includes discounted cash flows and annuities)
- How and where competition takes place along the supply chain
- The interaction between economics, policy and technology
- How markets work in practice
- Decarbonising at the lowest cost
- Introduction to the basics of energy: What determines demand and fuel mix? The energy supply chain. Properties of different types of energy.
- Rudiments of energy tehnology inc. fossil fuel production.
- How to move the world to zero-carbon energy – regulations, incentives, societal pressures and corporate responsibility; how to monitor progress
- Decision-taking – short-run and long-run costs to build plants, invest in efficiency, to change consumption in total or by type. Life-cycle costs and emissions. Includes discount rates, NPV etc.
- Energy prices and markets along chain and role of taxation/surcharges (includes OPEC etc); include transport costs
- Energy efficiency and reducing demand
- Carbon pricing and emissions trading
- Renewable technology, costs, integration and support schemes
- Hydrogen technology and costs
- Energy storage and costs: batteries, gas, oil, pumped storage, oil and gas storage
- Fossil fuel production and markets
- Power markets and renewables / firm capacity remuneration
- Completing the task: Decarbonising three end-use sectors