Energy Technologies and Economics

Today, the need to save energy is common knowledge. But how could we improve the existing technologies to make energy consumption more efficient? How to reduce energy prices making the goods and services more affordable? How to ensure access to energy to all the people without harming the environment? While studying MSc Energy Technologies and Economics at KTU you will analyse similar dilemmas and gain the skills and knowledge needed to tackle the most pressing problems of the contemporary world.

During your studies, you will learn to develop complex, more efficient energy systems, you will gain interdisciplinary knowledge on energy production, distribution, economics, development of the energy sector. Through research projects, you will learn how to make economically sound engineering decisions and to be able to effectively solve various problems in the energy sector. The knowledge gained in the master’s Energy Technologies and Economics study programme will help you address long-term energy development planning, regulation challenges. Your studies will equip you with risk and need forecasting skills, and competencies to reach informed and creative solutions to the problems of the energy sector.

The comprehensive interdisciplinary knowledge of the technologies and economics of energy generation, transmission, distribution, and effective use make the graduates of this study programme a valuable asset to any company in the energy sector. The professionals, who can control electrical power engineering objects and reach economically reasonable engineering solutions, who can conduct research and provide solutions for sustainable development of electric power industry are in high demand in the global job market.

  • A unique programme for future managers in the energy sector: you will acquire not only technological but also economics education
  • Access to the labs with the latest equipment, such as the largest in the Eastern Europe renewable resources lab or Bloomberg Financial Markets Lab
Description of Study Programme Apply
Location Kaunas
Faculty of Electrical and Electronics Engineering
Cycle Second cycle
Field Power Engineering
Language Lithuanian, English
Study mode and duration Full-time studies - 2 y. (Cyclic, Distance, Evening-time)
Degree awarded Master of Engineering Sciences
Yearly Price  i Full-time studies - 4787 €
Partial tuition fee waiver
 

Entry requirements

Minimum requirements

University bachelor degree certificate

Engineering, Technology, Mathematics, Informatics or Physics study field degree OR Economics, Business or Management study fields degree.

Language CGPA
Eligibility

IELTS ≥6.0, TOEFL ≥85, CEFR ≥C1, or previously completed studies in english language.

Average grade (CGPA) > 60 %

Additional requirements

Often you can get a suitable transcript of bachelor degree from your school. If this is not the case, you will need official translations along with verified copies of the original.

The entry qualification documents are accepted in the following languages: English / Russian.

The documents must be legalised (Apostille) by the Ministry of Foreign Affairs of the country where the documents were issued. This requirement does not apply for the documents issued in the EU and Belarus, Ukraine.

 

Score structure

Component Coefficient
First component of the competition score

Average grade (CGPA) of University‘s Bachelor’s degree (min. length – 180 ECTS) and its supplement

0,7

Second component of the competition score

Research activities

0,2

Third component of the competition score

Motivation letter and online interview

0,1

 

Tuition fee

The tuition fee applied for the academic year 2021-2022 is indicated below.

Full-time studies 4787 €
Price per credit 79,78 €
 
Foreign nationals with Lithuanian origins and EU citizens
Full-time studies 4787 €
Price per credit 79,78 €
Partial tuition fee waiver can be applied for the study price. Find more information HERE.

 

Financial support

 

 

 

 

 

Subjects of the study programme by semesters

Skills

Energy – resources, production, transmission, distribution, use and accumulation
Economics – economic analysis and evaluation, management of finances, regulation and control of energy markets, accounting and management
Energy systems – structure, sources, management and planning, reliability, security, strategy
Analysis of systems – composition and structure of systems, multi-criteria tasks, imitation modelling, theory of usefulness
Management of power engineering projects Understanding of energy markets Development of sustainable power engineering Analysis of advanced power technologies and processes

 

 

Values

Studies

The unique programme for the future managers of energy sector

Modern globalisation and competition processes and changes in the energy markets require a complex attitude to power engineering as one of the main engines of economic growth. Having selected this programme, the students will acquire not only technological, but also specific knowledge of economics that is necessary for the sustainable development of power engineering.

Skills

This programme educates the specialists who are able to critically evaluate, analyse, develop, and form the future of energy sector

After completing the studies, the students receive expert knowledge of energy systems, renewable power engineering and advantageous technology management fields and are able to model and determine the relation between different energy elements, market capital and distribution of financial resources when seeking for sustainable development of power engineering sector.

Career

Such specialists are highly demanded on the labour market and, according to the predictions, this demand will not decrease for the coming decades

According to the National Energy Independence Strategy, the demand for electricity in our country will grow despite the increasing consumption effectiveness, i.e. in the final energy consumption, the share of electricity will increase from 15% (2009) to ~50% (2050). In order to ensure sustainable development of the sector, it will require talented managers characterised by strategic approach to the control of energy sector organisations. The graduates of this study programme will acquire all the skills that are necessary to access the management positions of this type.

Infrastructure

Modern well-developed laboratory base

The faculty provides an opportunity to conduct energy calculations, provides energy technology of renewable sources and Bloomberg laboratory; therefore, the students will be able to successfully apply the acquired theoretical knowledge in practice.

Lectures

Professional lecturers who have built extensive practical experience

The lectures are delivered to the students by the guest lecturers who have long-term experience in the energy sector, for example, A. Vaišnorienė (Advisor of Electricity Division of the National Commission for Energy Control and Prices), V. Miškinis (Manager of the Laboratory of Complex Energy Researches of the Lithuanian Institute of Energy), G. Radvila (Director of System Control Department at LITGDRID), etc.

 

Career

Student’s competences:
– Knowledge of sustainable energy technologies, investment, planning and effective management processes.
– Application of operational principles of the energy resources market, critical assessment of interconnections between management and regulation of energy resources markets and energy policy.
– Planning of effective, safe and reliable electrical energy systems.
– Application of economically substantiated engineering solutions and solving of quantitative problems of the market of energy resources.

Student’s skills:
– Able to integrate knowledge of technologies and economy science, and plan and manage complex energy systems.
– Able to critically analyse the issues of energy generation, environmental protection and economy relevant to the society.
– Able to apply economic operational principles of energy sector and specifics of formulation of financial solutions.
– Able to solve practical and scientific problems in sustainable energy development.

 

 

You may become

– Insurance of efficient management of project integrity, scope, budget, timetable, human resources, risks and purchases;
– Cooperation with service providers and external institutions on the issues of project implementation;
– Submission of proposals regarding improvement of activities, application of global good practice, using innovative solutions in the working environment.

– Implementation of the organisation’s policies and operational strategy;

– Implementation of the organisation’s operational plan, preparation and administration of information data.

– Development of the company’s operational strategy;
– Planning, coordination and management of the company’s or organisation’s activities;
– Development and management of rational and substantiated solutions for the division’s performance efficiency.

 

 

Testimonials

Dr. Aistija Vaišnorienė

Advisor of the Electricity Division of the NCECP

 

High qualification of specialists ensures effective and quality-based work of the National Commission for Energy Control and Prices. Not only knowledge of economics, but also the understanding of the energy technologies is useful in the everyday activity; therefore, the Commission needs employees who would be prepared according to this Master’s study programme. The KTU graduates who understand the structure of the power engineering system and the principles of functioning, regulation, pricing, and other aspects are working in the Commission.