Consumers of electrical energy would be well advised to thoroughly understand the tariff structure of power system. The consumers may be residential commercial and industrial. Every power system utility aims to keep their cost of production of electricity as low as possible with reliability.

Power System Engineers can often play a significant role in power system economics and tariff structure. To reduce the cost of energy and choose suitable tariff structure is challenge in front of the power system engineer. To do so, an engineer must first understand power system economics and tariffs with detailed calculations.

This course includes calculation of cost of production of electrical energy and tariff using various methods such as two part, three part, TOD, ABT and kVAh tariff. This course have two main sections: one is related to power system economics and another is power system tariff.

This course can be opted by utility engineers, professionals and undergraduate final year and post graduate students of various universities

Learning outcomes:

At the end of this course, learner will be able to

1. Define power system economics and tariff

2. Apply different depreciation methods to power system economics.

3. Justify desirable properties of tariff.

4. Differentiate between different types of tariff structures.

5. Calculate tariff using different types of tariff methods.