Persons

Ing. Martin Beneš, Ph.D.

All publications

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.

Economic Evaluation of Energy Storage Using the Power Deviation Prices - the Load Diagram Pricing Method

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The issue of evaluation of energy storage systems is currently a widely discussed topic. However, the economic evaluation methodology using load diagram pricing has not yet been satisfactorily resolved. There are several methods that can be used and we have chosen the approach using the deviation prices and energy exchange products. Our optimisation method uses previously mentioned products and is simplified to be feasible to complete calculations with standard hardwareand commonly available spreadsheets. Detailed analyses of probabilities of electricitysystem deviations in the Czech Republic were conducted and resulted in the developmentof a stochastic model used for deviation/counter-deviation pricing. Finally, weverified our pricing model on a case study of battery energy storage in combinationwith photovoltaic power plants. The preliminary results show that, under currentelectricity market conditions, the economic benefits from energy storage cannot covereven the operating costs of the storage system. Therefore, several measures that couldimprove the economic balance of storage systems are suggested.

Supply Curves for Ancillary Services for Planning

  • Authors: Ing. Martin Beneš, Ph.D., prof. Ing. Oldřich Starý, CSc., Vastl, J.
  • Publication: The 4th International Multi-Conference on Engineering and Technological Innovation. Orlando: International Institute of Informatics and Systemics (IIIS), 2011. pp. 150-154. ISBN 978-1-936338-35-1.
  • Year: 2011
  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The paper describes the results of technical study demanded by the Czech System Operator. The main goal of the study was an improvement of medium term planning process of ancillary services purchasing. The market with these services was quite volatile in the past several years and system operator had major problems with cost planning and budgeting. A substantial volume of the services is bought in advance, usually in three-year period. The important aspect of decision process is whether the current price is a bargain, or whether it is better to wait for more favorable price in the future.

Valuation of Renewable Electricity Sources Load Diagram

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The renewable energy sources (RES) cannot be operated with sufficient return for investor without some kind of economic support in current conditions in the Czech Republic. The support is set up with regard to the market value of electricity generated by RES. The method of calculation this value of electricity is described further.

Can Electricity from Bioethanol be Produced in the Czech Republic?

Does Czech Support Scheme for RES-E Projects Lead to Effective System Solutions?

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    Czech support scheme for RES utilization for power generation creates good conditions for the investors. Application of the methodology of specific effect could compare different strategies for CO2 emission reduction and can help to find optimum mix of measures.

Economic Risk in PPP Energy Projects

  • Authors: Ing. Martin Beneš, Ph.D., prof. Ing. Oldřich Starý, CSc.,
  • Publication: Energy, Policies and Technologies for Sustainable Economies - WEB. Cleveland: IAEE, 2009, pp. 1-9. Available from: http://www.aaee.at/2009-IAEE/uploads/fullpaper_iaee09/P_421_Benes_Martin_2-Sep-2009,%2010:00.pdf
  • Year: 2009
  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The text is aimed to present the issue that is in the border of theory and practice. The research team was asked by the municipality of city Koprivnice to develop the economic scheme of Public Private Partnership project (PPP project) which deals with the project of centralized heat supply of the centre of the city. The team has faced the problem to evaluate economic comparators. The municipality advantage is risk diversification between public and private part to split the overall risk to the components that each part will manage risk component by their best way. In other words the total risk for customers is minimized. The method of economic valuation of risk is the key factor for decision making process and can highly influence the chosen variant.

Effectiveness of Biomass Utilization in the Czech Republic

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    Biomass utilization has different effectiveness measured by environmental factors - like CO2 savings. Application of theory of specific effect can help to identify an optimum system (state) strategy of biomass support.

Risk Balancing in Public Private Partnership Project

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The crucial point of PPP project success lies in the distribution of risk. The private sector is very good in resistance against some typical types of risk why the public sector is able to handle other types of risk. If the contract between these too subjects distributes risk properly, both sides are able to win. The authors aimed to create such formula for heat price calculation that will balance the risk for heat supplier (concessionaire) and consumers.

Cost Analysis of Subsidiary Electricity Sources and their Support

  • Authors: Ing. Martin Beneš, Ph.D., Vastl, J.
  • Publication: Sborník konference ELEN 2008. Praha: ČVUT FEL, Katedra elektroenergetiky, 2008, pp. 1-4. ISBN 978-80-254-2293-9.
  • Year: 2008

Criterion of efficiency with variable discount rate

Electricity from Bioethanol? Case Study of Czech Republic

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    This kind of source should not be supported by simple tariff but the tariff should be divided in two components. The first component is the current pay for the electric energy generated. The second one is the support of system services delivered by the renewable source.

How to Measure Financial Stability in Energy Industry

  • Authors: Ing. Martin Beneš, Ph.D., Vastl, J.
  • Publication: Problemy energetiky. 2008, 2008(9-10), 56-64. ISSN 1998-9903.
  • Year: 2008

Marginal Cost of Future Power Plants in CR

Modelling the Future Biomass Price - Case Example of the Czech Republic

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The price of the particular forms of biomass that is expected to be used for energy purposes (production of electricity and/or heat) is influenced by many different factors. These factors can be divided into two major categories - factors on supply side and factors on demand side. Typical factors on supply side are: subsidies and other types of support, technological development, changes in market prices of inputs. The most important factors on demand side are: ecological taxes imposed to fossil fuels, price of emission allowances, regulatory measures from the side of the government restricting the use of certain kinds of fuel. Others factors on demand side are the regulatory measures from the side of the government increasing the advantageousness of biomass use - for example increase of feed-in tariffs of the electricity generated from RES, price changes of classical energy sources - oil, gas and esp. in the case of the Czech Republic of domestic brown and hard coal

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.

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.

Biomass Utilization for Electricity Generation in the Czech Republic - Analysis of Support Scheme and Barriers of Biomass Utilization

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    Paper presents the methodology of the green bonuses and feed-in tariffs calculations for the Czech Republic valid for the year 2007 including the differentiation for different types of biomass. The way of business risk inclusion into calculations is discussed as well. The results of the analysis of other barriers for higher biomass utilization in the Czech Republic are the integral part of the paper.

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

Complex Analysis of Renewable Energy Sources for Electricity Production

Electricity Losses Analysis - Prague 2006

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The main goal of the research was to find the simplified procedure to enumerate the electricity losses in the Prague distribution network. The voltage level of 110 kV was studied both for transformers and overhead and cable lines. The first main conclusion during this stage of study was that the calculation for the individual transformer is not corect and the transformers should be agregated within the whole stations. In the second step the dependence of the maximum loss hours against the maximum load use hours was calculated - the correlation analysis was used. Then the correlation formulas were compared with the formulas used in the practice until now. The new formulas have the significant differences and the new formulas were sugested to the Prague distribution company to be used in the calculations.

Financial Stability of Energy Industry Subjects

  • Authors: Ing. Martin Beneš, Ph.D., Vastl, J.
  • Publication: Ekonomika, ekologija i obščestvo Rosiji v 21-m stoletiji. St. Petersburg: Saint-Petersburg State Technical University, 2007, pp. 34-43.
  • Year: 2007

Financial stability of subjects in energy industry

MARGINAL COST OF FUTURE ELECTRIC ENERGY SOURCES IN CR

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The research team of the department of energy economics was asked to make the calculation of the possible future power stations in the Czech Republic. The team members analyzed both the investment and the operational cost of the following sources: nuclear, hard coal, brown coal, gas - single and combined cycle. The gathering of the future cost was the most important issue of the study. The input costs were used to calculate the aggregated fixed and variable cost of the electricity sources by the economic model. The previously mentioned sources were dispatched to forecasted load diagram and the total electricity cost was calculated with the cooperation of research centre EGU Brno. The cost should be used in Energy Regulatory Office to set the marginal (maximum) electricity prices in the near future. The new energy environmental tax was taken in the account in the calculation and the influence of the tax to the total marginal cost was analyzed. The final costs and diagrams are presented in the final paper.

Marginal cost of future energy plants in CR

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The team members analyzed both the investment and the operational cost of the following sources: nuclear, hard coal, brown coal, gas - single and combined cycle. The input costs were used to calculate the aggregated fixed and variable cost of the electricity sources by the economic model. The previously mentioned sources were dispatched to forecasted load diagram and the total electricity cost was calculated with the cooperation of research centre EGÚ Brno. The cost should be used in Energy Regulatory Office to set the marginal (maximum) electricity prices in the near future. The final costs and diagrams are presented in the final paper.

Market Value of Electricity Generated Based on RES Utilization

Methodology of Decision Making of Variable Discount Rate System Development

Methodology of investment and development decision making

  • Authors: Ing. Martin Beneš, Ph.D., Vastl, J.
  • Publication: Ekonomika a řízení energetiky a elektrotechniky. Praha: A plus, 2007. p. 62-75. ISBN 978-80-903804-1-7.
  • Year: 2007

Setting Discount Rate for Green Bonus Calculation - Case Example of the Czech Republic

Setting Discount Rate for Green Bonus Calculation - Case Example of the Czech Republic

Feeding Tariffs and Green Bonuses for Electricity from RES

Support Scheme for Green Electricity in the Czech Republic

The Price of Electricity and Green Bonus from RES

Gas Market in the Czech Republic after Accession to the EU and Its Future Development

  • Authors: Fajman, J., Ing. Martin Beneš, Ph.D., Vastl, J.
  • Publication: European Energy Markets in Transition. Cleveland: IAEE, 2005. pp. 1-19.
  • Year: 2005

Market Price of Electricity from Independent Producers

Real Options and Electric Companies under Liberalized Environment

  • Department: Department of Economics, Management and Humanities
  • Annotation:
    The paper describes economic models for appraisal of the development of transmission and distribution systems, electricity pricing from the power generation to final consumption under currently established liberalized environment.

Can Real Option Help to Renewable Energy Sources Development?

Efectivness of Central Heating Systems Development

  • Authors: Ing. Martin Beneš, Ph.D., Hrivňák, M.
  • Publication: Dálkové zásobování teplem a chladem - ekonomická sekce. Pardubice: Teplárenské sdružení ČR, 2004, pp. 21-26.
  • Year: 2004

Efficiency of Power System Development

  • Authors: Ing. Martin Beneš, Ph.D., Hrivňák, M.
  • Publication: 3T. Teplo, technika, teplárenství. 2004,(5), 5-8. ISSN 1210-6003.
  • Year: 2004

Evaluation of the Production System

  • Authors: Vastl, J., Ing. Martin Beneš, Ph.D.,
  • Publication: ELEN 2004. Praha: České vysoké učení technické v Praze, Fakulta elektrotechnická, 2004, ISBN 80-239-3565-8.
  • Year: 2004

Investment planning in electric networks and real options

Investment Planning in Electric Networks and Real Options

Real Option in Power Sector

Risk Ranking and Selection of Licensed Subjects

Economic Appraisal, Real Option and Electricity Pricing under Liberalized Enevironment

Electricity Pricing of IPP Purchase in Liberalised Market

  • Authors: Ing. Martin Beneš, Ph.D., Vastl, J.
  • Publication: 8. Forum Energetyków. Opole: Politechnika Opolska, 2002, pp. 56-62. ISSN 1429-1533. ISBN 83-88492-04-7.
  • Year: 2002

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

Losses in Distribution Network and their Valuation

  • Authors: Ing. Martin Beneš, Ph.D., Vastl, J.
  • Publication: Elektroenergetika 2002. Praha: České vysoké učení technické v Praze, 2002. pp. 131-134. ISBN 80-01-02614-0.
  • Year: 2002

The Economics of Information (translation)

  • Authors: Ing. Martin Beneš, Ph.D.,
  • Publication: Sborník statí katedry ekonomiky, manažerství a humanitních věd 2002. Praha: A plus, 2002. p. 9-13. ISBN 80-902514-5-5.
  • Year: 2002

Economic Appraisal and Electricity Pricing under Liberalized Environment

Investment Decisions in Power Industry and Real Options

Specific revenues of distribution system

  • Authors: Ing. Martin Beneš, Ph.D.,
  • Publication: Sborník statí k 50. výročí založení fakulty. Praha: A plus, 2001. p. 9-19. ISBN 80-902514-4-7.
  • Year: 2001

Design of Aluminium Structures According to ENV 1999

  • Authors: Wald, F., Ing. Martin Beneš, Ph.D.,
  • Publication: Ocelové konstrukce. Praha: České vysoké učení technické v Praze, Fakulta stavební, 2000. pp. 118-136.
  • Year: 2000

Economic Optimization in Energetics

  • Authors: Vastl, J., Ing. Martin Beneš, Ph.D.,
  • Publication: Proceedings of Workshop 2000. Praha: České vysoké učení technické v Praze, 2000, pp. 473. ISBN 80-01-02229-3.
  • Year: 2000

Electricity Pricing in Case of Independent Power Producers

Purchase and sales of electrity from independent producers

  • Authors: Vastl, J., Ing. Martin Beneš, Ph.D.,
  • Publication: Elektroenergetika 2000. Praha: České vysoké učení technické v Praze, 2000, pp. 125-128. ISBN 80-01-02238-2.
  • Year: 2000

Pricing for Independent Producers of Electricity

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

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

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

Complex Control of Power System

Optimal Economic and Ecological Dispatching in Power System - Help for Eastern Europe

Responsible person Ing. Mgr. Radovan Suk