Date: 04-11-2021 Energy in Transition 3 modules: Prof Chanda- technologies, Prof Brijesh - Regulations Geopolitics in energy transition. Economics of energy transition Sustainability and circular economy Whenever something good comes, there will be challenges. How you cope or address the challenges is the big question. EIT emerge with the challenges. Price * Quantity is to be looked up on, rather than individual taking. Elasticity has to be taken into account. Natural form of energy Process form of energy – storage, hydrogen Operational planning Given the resources, choice you make Demand estimation Eg: Distribution company or railways…allocate resources over various demand points… given the PPA you hv signed you have your suppliers decise…on demand side, customers come from different background, consumer profile you have to map to give the load duration which will fluctuate with time….Also variation during seasons….. Superimpose everything deviations can be find out….mean and std deviation to find out coefficient of variation of ifirst block itself…. Unit root test- allows you to test for stationality on non-stationality of data First difference or second difference of date. Check whether first difference of data has made it stationary or not..
