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doc. Ing. Jiří Vašíček, CSc.

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Impacts of EU Taxonomy Implementation on the Energy Sector

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    This paper analyzes the implications of the EU Taxonomy, as the European Union (EU) instrument to mitigate climate change and reduce import dependency, for the European energy sector in the context of resource adequacy. Resource adequacy is assessed in the medium-term horizon using the case example of the Czech Republic (CZ) as a country facing a significant energy transition, as its resource mix is still largely made up of coal. The analysis is based on the country's energy balance and the available outlooks published in the energy concepts and strategic documents of the CZ. These outlooks are quantitatively analyzed and critically assessed. According to the current set of conditions for new resources resulting from the EU Taxonomy, there is a risk that in the medium term (2040) there will be no new resources, technologies and fuels available in the CZ that would comply with the conditions of the EU Taxonomy and at the same time cover the country's energy needs. This may lead to the situation where Czech Republic's electricity system will be inadequate in terms of generation and installed capacity sooner than would be the case if the implications of the EU Taxonomy were not considered. As a result of the EU Taxonomy, other European countries on the threshold of energy transition may face a similar problem and their energy security may be compromised. The results show that EU Taxonomy can have a significant impact on future development of European energy sector in the context of energy mix.

District heating sector in the Czech Republic: Status, challenges and perspectives

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The paper provides an overview of the current state of the district heating sector in the Czech Republic with special focus on barriers for future development. The EU objectives, which the Czech Republic must gradually adopt in its concepts, constitute new and more specifically formulated challenges than in the current energy concept. The five dimensions of the Energy Union, that has been introduced by Regulation 2018/1999 and that will shape the future of energy sector, are briefly described. Last, but not least, the economy of heat production is discussed, with special focus on the influence of emission allowance price on final heat price.

Effectiveness of biogas power plant transformation into biomethane production

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The efficiency of biomass utilization in a biogas plant, where there is no possibility of using the heat generated by the cogeneration unit, is relatively low and most of the biomass energy content is lost unproductively. One of the ways to increase the efficiency of biomass utilization is to supplement the biogas plant with a technology for upgrading biogas to the quality of natural gas (biomethane production). This almost double the efficiency of biomass use. The paper presents a methodology for evaluating the transformation efficiency of a biogas plant to a biomethane plant in the half of the expected life of a biogas plant. The methodology for calculating the minimum price for biomethane to have an economic incentive for the operator to switch to biomethane production is based on the equality of IRR values for the continuation of the biogas station and for the transformation into biomethane production. For the typical technical and economic parameters of both technologies and for the conditions of support for electricity production in biogas stations, the minimum price of biomethane is based on approx. CZK 21.3 / m3.

Energy Biomass Competitiveness—Three Different Views on Biomass Price

  • DOI: 10.1002/wene.261
  • Link: https://doi.org/10.1002/wene.261
  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The paper presents an economic model that provides a systemic approach to the evaluation of growing biomass for energy purposes. We argue that to correctly evaluate the potential of energy biomass, it is necessary to look at it from three different, but interconnected perspectives: (1) minimum price for growing biomass for energy purposes, (2) opportunity costs with respect to other uses of the arable land, namely production of conventional crops, and (3) the aspects of substitution of fossil fuels (e.g., coal) for biomass—the analysis of the demand. Our economic model incorporates the three above points of view. Furthermore, on the case study of the Czech Republic, we show the practical implications of the model on assessment of energy biomass in real conditions. The main findings are that to give the farmers the same rate of return as conventional crops, the price of intentionally grown biomass for energy purposes in the Czech Republic would have to be up to almost three times higher than is the adequate minimum price. On the other hand, in order to be competitive as a substitute for coal for local space heating, the price of biomass would have to be close to zero.

New Ways of Providing Ancillary Services in a Power System

  • Authors: Ing. Miroslav Vítek, CSc., doc. Ing. Jiří Vašíček, CSc.,
  • Publication: Proceedings of the 9th International Scientific Symposium on Electrical Power Engineering ELEKTROENERGETIKA 2017. Košice: Technical University of Košice, 2017. p. 484-488. ISBN 978-80-553-3195-9.
  • Year: 2017
  • Department: Department of Economics, Management and Humanities
  • Annotation:
    This contribution focuses on new possibilities for balancing generation and load in an electrical power system. The ever increasing proportion of intermittent power sources (wind and solar) in the power system changes the basic paradigm of power engineering economics whereby instead of adjusting generation output to the demand at the time, the focus is shifting towards adjusting consumption based on the output of intermittent generation. That is the goal of the so-called smart grids, where the consumer will be adapting to intermittent generation by responding to price signals. In spite of or rather because of this, there will still be (at the moment, more and more) the need for power sources and appliances that will, at the dispatcher’s request, quickly increase or decrease generation or instead of generators become consumers, i.e. their technical parameters enable them to maintain balance between generation and consumption and network frequency within set limits. On the generation side, these are primarily gas turbines and closed cycle gas turbines, pumped storage hydro stations, heat plants with turbines equipped with heat accumulators or accumulating heat into a heat distribution network and networks of CHPs (combined heat and power) also with heat accumulators supplying heat into buildings in a wide area, but centrally controlled. The paper concentrates on a location of an active lignite quarry in the northwest of the Czech Republic, where the interests of nature protection would not be affected. From an economical perspective, in the case of a pumped storage hydro station, capital expenditure is key and therefore the paper also includes an assessment of the economic viability of the project, through the valuation of the effects resulting from the provision of ancillary services to the transmission system.

Perspectives of cogeneration plants and district heating sector – assessment of the impact of CO2 auctions and other legislative changes

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The principal results and accomplishments and their significance Results of the modelling clearly indicates that there is unequal treatment of polluters depending on the installed capacities which leads to the competitive distortions on the heat and power market with potential future escalation of this problem if no (legislative) remedial actions would be taken. Results of the analysis show among others: (1) strong impact of CO2 cost on heat price from installations under the EU ETS framework – this creates major detrimental effects on the heat market because of the fact that installation below the 20 MW limit are not subject of these cost. Cost of CO2 are expected to be app. 80% of total price increase after the year 2020; (2) new emission standards have the second highest potential impact, esp. for installation over 20 MW. Smaller installations have lower emission standards and, thus, increase of pollution fees has higher impact on their economy. Analysis has been divided into the four segments – installations below 1 MW, installations in the range of 1-20 MW, 20-50 MW and over 50 MW. Results of the analysis show that the highest impacts of new legislation is onto installation in the range of 20-50 MW where EU ETS and emission standards have highest specific effects. This will negatively impact esp. on mid-size heating systems located in regional towns where new legislation impacts in full and, in contrary, there are only reduced effects of return from scale (as is in case of bigger installations).

Competitiveness of intentionally planted biomass with conventional fuels - the impact of logistic chains to energy and economic effectiveness

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The paper focuses on biomass price from supplier (producer) point of view and presents methodology of calculation so called minimum price of biomass which ensure the required economic effect (rate of return) to the consumer. Biomass producer has two different points of view to the biomass price - first one is based on the evaluation of economic effectiveness of projects aimed at biomass planting for energy purposes (special kinds of energy crop) and the second one results from the analysis of competitive possibilities to use agriculture land (for conventional agriculture production). Paper presents the results of calculation of minimum price of biomass from energy crop for the Czech Republic. Second part of the paper deals with biomass logistic chains and related energy losses and cost. Impacts to minimum prices due to inclusion of the full logistic chain for the four most important kind of energy crop is presented.

MODELLING OF NUCLEAR POWER PLANT DECOMMISSIONING FINANCING

  • DOI: 10.1093/rpd/ncv333
  • Link: https://doi.org/10.1093/rpd/ncv333
  • Department: Department of Economics, Management and Humanities
  • Annotation:
    Costs related to the decommissioning of nuclear power plants create a significant financial burden for nuclear power plant operators. This article discusses the various methodologies employed by selected European countries for financing of the liabilities related to the nuclear power plant decommissioning. The article also presents methodology of allocation of future decommissioning costs to the running costs of nuclear power plant in the form of fee imposed on each megawatt hour generated. The application of the methodology is presented in the form of a case study on a new nuclear power plant with installed capacity 1000 MW.

Modelling of Nuclear Power Plant Decommissioning Financing

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    Paper discusses the different methodologies used by selected European countries for financing of the liabilities related to the nuclear power plant decommissioning. Paper presents methodology of future decommissioning costs allocation as running costs of nuclear power plant in the form of fee imposed to each MWh generated. The application of the methodology is presented in the case study of the new nuclear power plant with installed capacity 1 000 MW.

Radioactive waste disposal fees-Methodology for calculation

  • DOI: 10.1016/j.radphyschem.2014.02.008
  • Link: https://doi.org/10.1016/j.radphyschem.2014.02.008
  • Department: Department of Economics, Management and Humanities
  • Annotation:
    This paper summarizes the methodological approach used for calculation of fee for low and intermediate level radioactive waste disposal and for spent fuel disposal. The methodology itself is based on simulation of cash flows related to the operation of system for waste disposal. The paper includes demonstration of methodology application on the conditions of the Czech Republic.

Regulation of District Heating

Analysis of Possible Impacts of Regulatory Framework on the District Heating Systems Development:Case Example of the Czech Republic

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    District heating systems (DHS) have a long tradition in heat delivery in the Czech Republic (CR) and currently app. 38% of households is supplied with heat from DHS. DHS with cogeneration units also importantly contribute to power generation (app. 9.5% of gross power generation in 2012 in CR). Future development of DHS is influenced by several risk factors, e.g.: 1) availability and price of domestic coal and imported natural gas, 2) development of heat consumption (influence of energy savings programs, etc.), 3) state of DHS infrastructure and necessary investments, 4) regulatory framework (applied method of heat price regulation and applied method of cogeneration support, introduction of ecological taxes, impact of trade with emission allowances, etc.). The Paper aims at the analysis of risk factors influencing investors’ decision making and focuses especially on the regulatory framework and the method of heat price regulation.

Biomass as the energy source for critical situations:Case Example of the Czech Republic

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    Biomass is the most important renewable energy source for many of Central and Eastern European countries. National Renewable Action Plans assume biomass share on power eneration using renewable energy sources app. 29% and on RES consumption for heating and cooling app. 90% in the year 2020. Biomass as the domestic energy source plays not only important role in RES utilization development, but can also contribute to secure local energy needs in case of critical situations characterised with the failure of energy sources delivery. The Paper presents methodology and the preliminary results of possible biomass contribution to secure energy needs in two kinds of critical situations – temporary failure of energy sources import up to one year, and continually growing deficit of energy sources. The methodology is based on utilization of GIS model used to identify available biomass potential from forestry and from intentionally planted energy biomass on agriculture land taking into account individual time horizons of critical situations. GIS model uses among others information on soil parameters,yields of individual energy crop for given soil parameters,seasonal impacts to biomass potential, individual logistic chains etc.

MODELING OF BIOMASS POTENTIAL FOR ENERGY AND FOOD SECURITY FROM AGRICULTURAL LAND AND FORESTS FOR LONG TERM HORIZONS (2030)

  • Authors: Vávrová, K., Weger, J., Bubeník, J., Šedivá, J., prof. Ing. Jaroslav Knápek, CSc., doc. Ing. Jiří Vašíček, CSc., Valentová, M., Jirásková, L.
  • Publication: European Biomass Conference and Exhibition (EU BC&E) Online Proceedings 2013. Florencie: ETA - Florence, 2013. pp. 36-40. ISSN 2282-5819. ISBN 978-88-89407-53-0.
  • Year: 2013
  • Department: Department of Economics, Management and Humanities
  • Annotation:
    Biomass is the most important renewable energy source for many of Central and Eastern European countries. The Czech Republic’s upgraded State Energy Policy assumes growing contribution of energy biomass from approximately 100 PJ to 240 PJ especially area of district heating by the year 2040. Biomass as the domestic energy source plays not only important role in RES utilization development, but can also contribute to secure local energy needs in case of critical situations characterized by the failure of fossil fuels delivery. The paper resents methodology for assessment of biomass potential which could be used to secure energy needs in two types of critical situations – temporary failure of energy sources up to one year (immediate short term crisis) and continually growing deficit of energy sources (long=term permanent crisis). The methodology is based on utilization of GIS model used to identify available biomass potential from forestry and agriculture including expected future contribution of intentionally planted energy biomass. First results of analytical work are presented including maps of biomass potential in 2012 and 2030.

BIOMASS POTENTIAL TO SECURE ENERGY NEEDS IN CRITICAL SITUATIONS: METHODS AND THE CASE EXAMPLE OF THE CZECH REPUBLIC

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The paper analyses methodical approach to identification of critical situations, in which the domestic biomass can serve as a source for operation of critical infrastructure, and to identification of the biomass potential that can be mobilized, taking into account time of initiation of the crisis as well as its length.

Biomass price modelling using demand and supply sides

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    Decision on investment in energy facility using biomass requires an estimate of future biomass price as one of the key inputs. To set the lower limit of biomass price (supply side) one can use the method of minimum price of production, which is based on simulation of cash flow of biomass growth project. However, estimating the lower limit of biomass price further needs to respect economic effectiveness of alternative uses of agricultural land - production of classical agricultural crops. The biomass price limit from the demand side (the upper limit) is defined through the price of fuel substitutes while respecting the induced effects such as emission allowance savings, etc. The paper presents the starting points for biomass price estimate from supply and demand side. Furthermore, it provides first results of calculation of biomass price range using concrete data on reed canary grass and short rotation coppices growing, on profitability of classical agricultural crops, limit price of biomass from the viewpoint of substituted fuels (sorted brown coal) for households and brown coal for electricity production through co-firing of biomass and coal.

Possible Pitfalls In Feed-In Tariff Support Scheme - A Lessons Learnt From PV Boom In the Czech Republic

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    Methodology of feed-in tariffs (FIT) determination is based on rate of return approach in the Czech Republic. Since the mid. of 2008 many of FIT scheme pitfalls started to occur - e.g. strong lobbyism during reference projects update, limitation of FIT values reduction for new projects leading to inadequately high FIT values, different rate of return on equity capital for different kind of consumers resulting from WACC approach in discount rate determination, absence of any roof for any RES kind, etc. These pitfalls have led to the unexpected development of RES utilization for power generation, boom of PV projects, and enormous increase of cost of support scheme potentially resulting in unacceptable growth of electricity prices. Paper analyses possible pitfalls of the Czech FIT scheme and discusses effects of these FIT scheme pitfalls on FIT values and to the cost of support scheme.

Analysis of Biomass Potential in the Czech Republic

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The first two chapters focus on clarifying the definitions of different types of potential and possible sources of biomass. The third chapter focuses on the analysis of maps and their usefulness in the calculation of biomass potential. The fourth chapter contains basic characteristics of eight lignocellulose energy crops that are perspective on conditions in the CR. The chapter Biomass potential on agriculture land concentrates on determining of biomass potential of agriculture land. This procedure is based on assignment of yields of different biomass sources of agriculture land according to valuated protection and ecological soil units. The chapter Forest residues potential deals with the determination of the amount of useful dendromass in forests of the CR. The chapter Economy of energy biomass presents the methodology of economic models development for evaluation of economic efficiency of projects aimed at getting individual types and forms of biomass.

Economic Effectiveness of RES for Electricity Generation - Presence and Future

Opponent Statement - Connecting of RES to ES of CR

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The statement deals with both economic and technical impacts of the connection of new renewable energy sources to the electric system of CR caused by the support granted to these sources in CR.

Detailed Look on Biomass Utilization Effectiveness - Case Example of the Czech Republic

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    Paper presents results of specific effects of different possibilities of biomass utilization in the conditions of the Czech Republic. Calculated specific effects of biomass utilization can be also used for comparison of effectiveness of other RES support including biofuels.

What Is the Competitive Potential of Intentionally Planted Biomass in the Czech Republic?

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    Price of biomass is defined by market equilibrium between supply and demand on given market. Market price is influenced by factors on supply and demand sides. Factors on supply side reflect the economic expectations of the biomass producers based on calculation of economic effectiveness of projects for "energy" biomass planting. Factors on demand side include e.g. prices and perspectives of availability of competitive energy commodities (in case of Czech Republic coal is the main competitive fuel to biomass), regulatory interventions of state (e.g. support of biomass utilization for power generation via feed-in tariffs or ecological taxes imposed on fossil fuels), impact of emission allowances etc. Paper deals with modeling of future biomass price based on separate analysis of factors on supply and demand sides.

Wind Power Stations from the Point of View of System Operator

  • Authors: Vastl, J., doc. Ing. Jiří Vašíček, CSc.,
  • Publication: Sistemy elektrosnabgenija s vozobnovlaemim istocnikami energii. Tomsk: Tomsk Politechnic University, 2009. pp. 64-69. ISBN 5-98298-448-5.
  • Year: 2009

Biomass Price as Key Factor for Investors Decision

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    Biomass plays dominant role in the development of renewable energy sources utilization in the Czech Republic. Calculations of mean expected price of biomass based on economic models.

Biomass Price as Key Factor for Investors Decision - Case of Czech Republic

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    Biomass plays dominant role in the development of renewable energy sources utilization in the Czech Republic. Calculations of mean expected price of biomass based on economic models.

Competitiveness of Biomass from SRC Plantations - Case Study of the Czech Republic

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    This article deals with the effective use of short rotation coppices (SRCs) of fast-growing trees on agricultural soils in the Czech Republic. It focuses on using economic models of these SRCs to calculate the minimal price of biomass produced for energy purposes. The basic principles used to create these models are included along with the minimal production price approach that ensures the investor with a return on invested capital. The model's input data stem from research data obtained on experimental plantation sites where fast growing trees were grown and from the economic calculation of the costs involved in individual activities, specified for the actual conditions of the Czech Republic.

Economic Aspects of Biomass Utilization

Factors Influencis Green Bonus Value in Case of Biomass Co-firing

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    Methodology of annual green bonuses setting is based on covering extra cost from biomass utilization plus economic motivation to use biomass instead of coal. Support scheme creates transparent conditions for cofiring.

Marginal Cost of Future Power Plants in CR

Modeling of Intentionally Planted Biomass Prices in CR

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The above mentioned results of two economic models give the basic information about economic effectiveness of two types of "energy" biomass. Presented data could be interpreted as the basic guidelines for different biomass types comparison and the results can be used for estimations of future price of given form of biomass and setting adequate level of state support. It is necessary to respect the fact that conditions in the various localities can be substantially different and they will influence the biomass production business.

Planted Biomass as an Energy Source

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The book deals with different aspects of intentionally planted biomass for energy purposes. It deals with technologies of biomass planting and utilization, biodivesity issues related to biomass planting in wide scale, prodction of solid biofuels, anaerob digestioní. The books also dicsusses economy of biomass planting for energy purposes including principles of economic models creation for estimation of price of various kind of biomass types. It presents results of biomass price calculation for plantation of short rotation coppices, Reed canary grass and anaerobic digestion.

Price of Biomass and Support of Biomass Cofiring

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    Co-firing of biomass in the coal - biomass mixture is on of the most important ways of power generation using RES in the Czech Republic. Support of co-firing is based on compensation of cost increase resulting from biomass utilization. Price of biomass is the key factor influencing economic effectiveness of these projects. Price of biomass is defined by the market equilibrium between supply and demand. Biomass utilization for co-firing is the key factor influencing the biomass market in the Czech Republic.

Price of Biomass as Key Factor of Success of Biomass Projects, Current State and Projection for the Czech Republic

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    Proper setting of green bonuses value is the crucial thing. Too high value can significantly distort biomass market and RES electricity market. Too low level can inhibit any progress in biomass co-firing with subsequent risk of failure in meeting national indicative target to the year 2010.

Price of Central Heating and Trends

  • Authors: doc. Ing. Jiří Vašíček, CSc.,
  • Publication: TEPKO 2008 - teplárenství - strategie a trendy. Pardubice: Teplárenské sdružení České republiky, 2008. pp. 1-18.
  • Year: 2008

What are the Major Barriers of RES-E Penetration in the Czech Republic?

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    Support scheme based on Act 180/2005 created system conditions for RES-E project development. But different barriers slow faster development of this branch down. Application of uniform rules in methodology of feed-in tariffs and green bonuses setting can result in worse economic condition to run these projects in case of small and medium enterprises (incl. municipalities). But economic support scheme is not only one decisive factor for RES-E project development in the Czech Republic. Other barriers should be analyzed and systematically eliminated.

Assessing the Economic Aspects of Sort Rotation Coppices

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    This article deals with the effective use of short rotation copices (SRCs) of fast growing trees on agricultural soil in the Czech Republic. It focuses on using economic models of these SRCs to calculate the minimal price of biomass producen energy purposes. The basic principles used to create these models are included along with the minimal prosuction price approach that ensures the investor with a return on invested capital. The models input data stem from research data obtained on experimental plantation sites where fast growing trees were grown and from the economic calculation on the costs involved activities, specified for the actual condition of the Czech Republic.

Biomass Potential Analysis with GIS

Complex Analysis of Renewable Energy Sources (RES) for Electricity Production

Complex Analysis of Renewable Energy Sources for Electricity Production

Economic Models for Analysis of Economic Effectiveness of Different Types of Biomass in the Czech Republic

Economic Using of Biomass

Economics of Electricity Production from Biogas and other RES

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The paper deals with description of methodology used in the Czech Republic for setting of feed-in tariffs of electricity produced based on RES utilization. Economically reasonable approach is based on application of minimum price of production methodology, that is based on analysis of cash flows generating by the project. The main decisive criterion is NPV=0 for given discount rate that defines rate of return on capital invested. This approach enables to set up feed-in tariffs in relation to determined rate of return on capital invested. It also enables correctly reflect risk of business based on defined legislative environment. The final part of paper demonstrates the example of economic evaluation of power plant utilizing biogas from biogas station.

Financial stability of subjects in energy industry

Financial support of renewable energy sources, its effectiveness and consequences to business

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    Support scheme for RES utilization for electricity generation in the Czech Republic is based on feed-in tariffs and green bonuses paid to the producers by distribution companies. Tariffs and bonuses are derived from NPV calculation for reference project for given rate of return. Tariffs and bonuses are currently differentiated only by the type of RES and year of start of operation.

GIS Methodology of Biomass Potential

Methodology for Anallysing the Potential of Biomass as Renewable Source of Energy in the Czech Republic

Renewable Energy Sources in the CR

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    This text created by independent experts completely maps potential of renewable energy sources in CR. Discusses technical, economical and legal conditions of their exploitation.

The Price of Electricity and Green Bonus from RWE

Comparation of Electrical Energy Price Calculation in the Czech Republic and in the Austria

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    Feed-in tariffs for electricity generated from RES should be set up so that they would be attractive enough from the point of investors and also so that economic point of view of power consumers would be taken into account.

Economy of Biomass

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    Biomass price plays singificant role in biomass competitiveness against classical fuels. Paper sumarises results of model calculations of biomass prices for three individual economic models - intentionally planted biomass from SRC plantations, permanent grass growth and residuals from timber felling.

Economy of Biomass from Plantation and Short Rotation Coppices

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The paper deal with principles of economic models creations that serves for calculation of the price of intentionally planted biomass from the point of view of economic effectiveness of investores. Economic models of short rotation coppice plantation is presented including typical values of cost of individual processes needed to run project.

Economy of Electricity Production from RES

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The paper deals with description of methodology used in the Czech Republic for setting of feed-in tariffs of electricity produced based on RES utilization. Economically reasonable approach is based on application of minimum price, that is based on analysis of cash flows generating by the project. The main decisive criterion is NPV=0 for given discount rate. Green bonuses are modification of feed-in tariffs. They assume sell of production of market price and green bonus is extra revenue for investor. The final part of paper demonstrates the example of economic evaluation of power plant utilizing biogas from biogas station.

Economy of Shor Rotation Coppices for Energy Purpose

Economy of Sprout Plantations and Biomass Price

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The paper deals with the issue of efficient agricultural methods of growing of short rotation coppices (SRC) on agricultural land. It describes methodology of economic evaluation of projects with help of economic models. The economic model of SRC plantation used for calculation of price of biomass is presented. Calculations are done so that the adequate return on capital invested would be reached by the investor. Input data used for model creation and price of biomass calculation are obtained from the experimentally collected data and from economic calculations of cost of individual activities.

Eficiency Rating of Projects Use the RES

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The paper deals with principles and methods of project economic valuation from the investors point of view. Formulas for economic effectiveness calculation are presented with intention to renewable energy source projects.

Factors Influencing Economics of Short Rotation Coppice

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The article deals with the economics of biomass production used for energy crops. Basic information on growing biomass in SRCs and about establishing the price of this biomass is given based on results of previous research. The minimal price of grown biomass harvested with special mechanisation that assures required profit from invested capital is about 3.2 EUR/GJ. In calculations, all inputs to the process are consistently valued on the basis of market prices respecting also the principle of opportunity cost and current level of subsidy (2000 EUR/ha for plantation foundation). The article also includes discussion on factors that potentially influence the price of produced biomass from SRCs.

GIS Analysis of Potencial Biomas for Interest Region

Methodology for Analysis of Biomass Potencial

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The paper deals with methodology of biomass potential analysis with help of GIS TopoL xT7.0. Following biomass types are taken into account: straw, residuals from timber felling, intentionally planted biomass from SRC plantations and biomass from permanent grass lands. Production potential of residual biomass from conventional agriculture was derived with help of production soil ecological units system of soil classification. Biomass specific amount that can be taken from forest has been calculated for forest residuals. Yield curves for SRC plantation has been derived with help research works of VUKOZ Pruhonice research institute.

Methodology for analysis of biomass potential and economy of renewable source of energy

Methodology for analysis of biomass potential as renewable source of energy

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    Book deals with methodology of biomass potential calculation based on GIS utilization. It includes desription of biomass types and sources, analysis of available data sources (maps and databases). Book presents developed methodology of biomass potential calculation and presents its utilization on case example of Pilsen region.

Price 1 GJ heat in wooden chips from SRC plantation

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The article is intended to the calculation of price of wooden chips from plantation of short rotation coppices. Inputs for the calculation used in the economic model are derived from the data obtained from experimental plantations and from economic analysis of cost related to individual activities needed to run the plantations. All conditions valid currently in the Czech Republic are respected. Second part of the article is dedicated to the system of subsidies for establishment of short rotation coppices plantations, that play key role in plantation economy.

Rating Economy Efficiency of Project

  • Authors: doc. Ing. Jiří Vašíček, CSc.,
  • Publication: Metodika analýzy potenciálu biomasy jako obnovitelného zdroje energie. Průhonice: VÚKOZ, 2006, pp. 1-15.
  • Year: 2006

Support Scheme for Green Electricity in the Czech Republic

The Building Book 2006 - System Management of Building

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The building book 2006 is deal with system management of building according the law instructions, technical standards and energetical or enviromental clasification of buildings.

The Price of Electricity and Green Bonus from RES

Yellow Electricity

Biomass as Renewable Source of Energy - Economic and Energy Aspects

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    This publication provides a follow-up to "Biomass - renewable source of energy in landscape" issued in 2003 by developing in detail topics on the growth and production characteristics of selected energy crops (esp. clones of fast growing trees) and on the economic aspects of energy crop cultivation in the CR. The last part of the publication focuses in detail on the evaluation of the economic efficiency of renewable energy projects with a special emphasis on biomass. Also provided is a detailed economic model of SRC used to calculate the minimal biomass price that would give the required (proportional) profit from the capital invested. Input data used in the model were obtained from research and commercial SRCs and from economic calculations of costs for each activity with regard to conditions in the CR.

Economic Aspects of Renewable Energy Sources - Act No.180/2005 Col. on RES Support

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The paper presents current state of renewable energy sources utilization in the Czech Republic and possible future development in relation to economic parameters of RES projects. Two points of view to electricity price are described - supply side (investor's point of view) and demand side (purchaser's point of view).

Economic of Plantation of Short Rotation Coppices

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The paper deals with modeling of economic processes of projects for intentionally planted biomass on SRC plantations. Model case example is used for demonstration of methodology application and results of modeling targeted to calculation of biomass price.

Economic of Renewable Energy Sources and New Legislation 180/2005 Col. on RES Support

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The paper presents overview of renewable energy sources utilization in the Czech Republic and expected development in relation to the new scheme of their support. Methodology of feed-in tariffs setting is discussed. Two points of view to electricity price are described - supply side (investor's point of view) and demand side (purchaser's point of view).

Economics of Growinng of Short Rotation Coppices for Energy Biomass

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The paper deals with the issue of efficient agricultural methods of growing of short rotation coppices (SRC) on agricultural land in the Czech Republic. Calculation of the minimum price of produced biomass based on economic model of plantation of short rotation coppices (5 ha, 3 year rotation) is presented. The model supposes mechanized harvest by adapted Class Jaguar harvester. The model is based on evaluation of all necessary inputs by market prices including opportunity cost principle.

Energy Crops in CR - The Plantation of Short Rotation Coppices on the Agricultural Land for Energy Purpose

Factors Influencing Economy of Plantation of Fast Growing Trees

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    Paper deals with important factors influencing price of biomass from SRC plantation. Factors like land rents, albor cost, way harvest, level and type of support, impact of weather fluctuation and location conditions are analysed from the point of view of their variability and potential imapct on price.

Factors Influencing Price of Biomass as a Fuel

Price of Biomass from Plantation of Short Rotation Coppices and Factors Influencing its Level

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The paper deals with discussion of factors influencing price of intentionally planted biomass on plantation of short rotation coppices. The most important factor are: relation between supply and demand, land rent, price of labor cost, level of utilization of special harvesting technologies, level of subsidies and yield curves in relation to sites condition.

Principles of Economic Evaluation of Energy Projects - minimum price

  • Authors: doc. Ing. Jiří Vašíček, CSc.,
  • Publication: Právní a technická problematika energetických auditů. Praha: Asociace energetických auditorů, 2005. pp. 1-14.
  • Year: 2005

Short Rotation Coppice on Agricultural Land in the Czech Republic

Supports of Renewable Energy Sources in the Czech Republic

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The price of electricity from renewable energy sources (RES) can be viewed from two aspects - from the view of the market price of electricity on the electricity market and from the view of the minimum price of electricity that an investor needs to reach to have a reasonable return on capital employed.

The Plantation of Short Rotation Coppices on the Agricultural Land for Energy Purpose

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The paper deals with the issue of plantation of short rotation coppices (RRD) on agricultural land at the Czech Republic. Calculation of the minimum price of biomass based on economic model of plantation of short rotation coppices is presented. The model supposes mechanized harvest by special Class Jaguar harvester. The model is based on evaluation of all necessary inputs by market prices including opportunity cost principle.

Act on Renewable Energy Sources Support and its Implications

Different Aspects of Electricity and Heat Price Produced from Planted Biomass - Case Example of the Czech Republic

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The system of subsidies for utilization of renewable energy sources (RES) in the CR anticipated in the draft of the "Act on Support for Power Production from RES" is based on the market price of electricity enhanced by added value, the price of so-called green certificate. The price of the green certificate will depend largely on the estimated market price of electricity from individual kinds of RES. However, the system target is not to use RES for electricity production; therefore the suitability of using RES for heat production or for a cogeneration, namely in case of biomass, is to be considered. The scheme of subsidies for utilization of RES is another related issue as well as a question of whether it is more appropriate to use biomass for heat production than for electricity production itself. This paper documents the issue, providing an example of estimated total of subsidies for utilization of RES in 2010, in order to fulfil the goals of EU Directive 2001/77.

Discussion of Possible Consequences of Renewable Energy Law in Czech Republic

Economic Analysis of Biogas Station

Economic Aspects of Renewable Energy Sources

Economic Effectiveness Appraisal of Projects Based on Renewable energy Sources

Economic Evaluation of Renewable Energy Sources

Economics of Plantation of Short Rotation Coppices

Factors influencing ecpnomy of plantation of short rotation coppices

Plantation of Short Rotation Coppices - Possible Project on Municipal Levels

Renewable Energy Sources and Economic Aspects of their Utilization

Selected problems of Renewable Energy Subsidies in the Electricity Market and this Distribution System Consequences

Support of Renewable Energy Sources and Cogeneration

Support of Renewable sources and Central Heating

Support System for Renewable Energy Sources in the CR - Proposal of Legislation

The Economics of Short Rotation Coppices

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    This paper addresses the problem of biomass as a crucial renewable energy source (RES) of energy in connection with execution of individual objectives of the Czech Republic according to both EU Directive 2001/77. The paper uses economic models of coppice plantations of fast-growing tree species to predict long-run marginal costs on biomass grown for the purpose of energy generation. Economic models of plantations include all money flows induced by existence of a particular plantation. The resulting cost of biomass is established on the condition that the investor will gain a profit from the capital invested as long as the plantation exists. Three alternatives of the respective calculation are presented, assuming different ways of plantation operation and ensuring both harvest and financing of some activities. Calculations reflect specific conditions in the Czech Republic and use input data from current experimental areas of coppice plantations of poplar and willow trees.

Alternative Energy for your House

Case example calculation of biomass price from short rotation copies plantation - low input scenario

Case study of meeting heat demand based on biomass in village

Economic aspects of fast growing trees plantation

Economic Aspects of Renewable Energy Sources Utilization

Economic effectiveness of projects

Model Project on Biomass Heat Supply for a Village

Price of Biomass from Plantation of Short Rotation Coppies

Principles of economic effectiveness evaluation of the project utilising renewable energy sources

Profit of Natural Monopoly in Power Sector

Renewable Energy Sources - Goals of the EU and the CR and Legislative Aspects of thei Utilization

Renewable Energy Sources Support Policy in the Condition of Power Market Creation

Selected Problems of Distribution Companies Regulation

Economic Aspects of Biomass Utilisation for Electricity Generation in Power Market Condition

Economic Aspects of Biomass Utilization for Electricity Generation in Power Market Condition

Economic Aspects of System of Radioactiwe Waste and Spent Nuclear Fuel

Economic effectiveness of biomas planting for energy purposes

Economic Effectiveness of Project for Biomass Planting

Economic evaluation of the project utilizing renewable energy sources

Economic Optimization of Investment in Distribution Firms under Liberalized Environment

Explanation of Terms from Power Engineering Field for Internet Application of Done, s. r. o

Marketing in Power Industry

Model for biomass minimum price calculation - farm of poplar and willow

Model of Price Calculation for Growing Biomass - Fast Growing Wood Plantation

Obligatory Power Purchase from Renewable Energy Sources

Power Purchase from Renewable Energy Sources in Case of Power Market

Price and Profit in Energy System

Price of Biomass from Fast Growing Trees Plantations

Price of Biomass from Tree Plantations

Price of Energy as long-term variable

  • Authors: doc. Ing. Jiří Vašíček, CSc.,
  • Publication: Sborník statí katedry ekonomiky, manažerství a humanitních věd 2002. Praha: A plus, 2002. p. 115-124. ISBN 80-902514-5-5.
  • Year: 2002

Economic Appraisal in Energy Auditing

Economy of biomass planting for energy purposes

Economy of biomass production

Electricity purchase from renewable sources in the liberalised electricity market

Market liberalization and electricity generation comparison

  • Authors: doc. Ing. Jiří Vašíček, CSc.,
  • Publication: Elektroenergetika a životní prostředí. Praha: Český svaz zaměstnavatelů v energetice, 2001. pp. 21-27.
  • Year: 2001

Methodology of tariffs calculation for distribution power company

  • Authors: doc. Ing. Jiří Vašíček, CSc.,
  • Publication: Sborník statí k 50. výročí založení fakulty. Praha: A plus, 2001. p. 109-120. ISBN 80-902514-4-7.
  • Year: 2001

Multicriterion appraisal of cogeneration projects

Selected Terms of Economic Evaluation Methods

Support Schemes for Renewable Energy Sources Utilization in Case of Power Market

Economic effectivity in energetics

Economic efficiency of control systems in distribution network

Economic evaluation of energy investments

Economic evaluation of energy investments

Electricity Pricing in Case of Independent Power Producers

Multicriterial evaluation of cogeneration projects

Pricing of electricity and ancillary services

  • Authors: doc. Ing. Jiří Vašíček, CSc.,
  • Publication: Podmínky vstupu teplárenských společností do energetických sítí. Pardubice: Teplárenské sdružení ČR, 2000, pp. 1-14.
  • Year: 2000

Pricing of electricity and energy losses in power networks

The issues of purchase of electric energy from cogeneration

Various forms of renewable sources subsidizing in liberal environment

Cogeneration Electricity Purchase Issue

  • Authors: doc. Ing. Jiří Vašíček, CSc.,
  • Publication: Ceny tepla a marketing v teplárenství. Pardubice: Teplárenské sdružení ČR, 1999, pp. 1-6.
  • Year: 1999

Pricing for Independent Producers of Electricity

The Arguments for Completing

Economic criteria for backup sources design

  • Authors: Vastl, J., doc. Ing. Jiří Vašíček, CSc.,
  • Publication: Záložní energetické zdroje. Praha: ČENES - Česká energetická společnost, 1998, pp. 25-31.
  • Year: 1998

Economical Optimization in Energy Industry

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    Economical calculations for purpose of economical efficiency of business plans in Power Industry - LRMC, Daily Diagram of Load, Specific Revenue, criteria of economical efficiency.

Economical Optimization in Power Industry - software presentation

Internal Company Pricing of Energy Division Products

Power Project Appraisal via Multiobjective Decision Making

Wind Generators and Economic Effectivity

Cost and Revenue Structure in Distribution Systems

Economic Continuites of Reinforcing the Competiting Environment in Power Systems of the Czech Republic

Economic Evaluation if Energy Saving Measures

Marginal Cost in Power System

Power Market and Independent Power Producers

Price Models for Systems Services

The Investor Cash Flow, Investment Evalution and Binded Issues

The Models of the Electricity Power System Organization in the Czech Republic

The Specific Revenues of Power Distribution System Elements

Economics and Management of Electroenergetics

Responsible person Ing. Mgr. Radovan Suk