Energy Markets of Today
link Source: www.edx.org
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assignment Level : Intermediate
chat_bubble_outline Language : English
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Key Information

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verified_user Fee-based Certificate
timer 20 hours in total

About the content

Energy markets are governed by the laws of economics. Generators and consumers interact to shape the transactions in the energy markets, and thus the energy system. But how does the 'invisible hand' of economics show up in practice? What determines electricity prices and why are they always changing? Why is it so difficult to encourage investment in electricity generation?

This course will help you understand the functioning of energy markets as the necessary first step to promotion of the energy transition. By using the European electricity market as an example, you will obtain a deeper understanding of its principles and effectiveness.

You will investigate four main areas:

  • the basics of the energy markets;
  • the operation and design of those markets;
  • how policy makers can promote investment in electricity generation;
  • how the electricity network operates and how network tariffs are determined.

Insightful videos will explain the driving factors behind energy markets. Interactive assessments will demonstrate how the merit order is chosen for different types of markets and how this determines the market price. Live practice sessions will take you through the auctions and marketplaces where electricity trading takes place today, giving you invaluable knowledge on the inner workings of these markets and the effects of network capacity.

Whether you are interested in learning about how the merit order in energy markets works or how the European electricity market is organized; or interested in understanding the economics behind electricity consumption, examining the economic problems of incorporating renewable energy sources into the current system; or simply want to become informed about what makes the energy markets tick -this is the course for you.

This course will address all of these questions and more. Upon completion of the course, you will be able to take on questions, problems or challenges thrown at you about the nature of energy markets and their operation.

This course is the first course in the program: The Economics of the Energy Transition. This program aims to help strategic decision makers, economists, policy advisors and regulators as well as practicing and future engineers to obtain a deeper understanding of the topic. Its aim is to increase your understanding of energy markets, the current European electricity market and to be able to promote the investments necessary for achieving the energy transition.

  • How energy markets operate, including regulation and market organization;
  • To identify different market models and understand what affects the operation of the electricity sector;
  • Why policy makers need to incentivize investment and how it can be done;
  • How the electricity network operates and how network tariffs are determined.

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Syllabus

Week 1: Key elements of energy markets
An introduction to the basics of energy markets, the main players and how market organization, regulation and liberalization affect the energy market.

Week 2: Different types of market models and what effects the energy market
The different models for energy market structure are described and the importance of time and geographical dependence as they affect energy markets.

Week 3: The economics of generation investment and capacity mechanisms
An introduction to the problems that occur with investment in energy generation and potential solutions in both the current energy system and renewable-energy-based systems.

Week 4: Energy Networks and congestion management
The energy network and how it recovers its costs in the EU as well as looking at congestion management across borders.

Week 5: Case review

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Instructors

Rudi Hakvoort
Associate professor
Delft Universtity of Technology

Laurens de Vries
Associate professor
TU Delft

assistant

Platform

Edx

Harvard University, the Massachusetts Institute of Technology, and the University of California, Berkeley, are just some of the schools that you have at your fingertips with EdX. Through massive open online courses (MOOCs) from the world's best universities, you can develop your knowledge in literature, math, history, food and nutrition, and more. These online classes are taught by highly-regarded experts in the field. If you take a class on computer science through Harvard, you may be taught by David J. Malan, a senior lecturer on computer science at Harvard University for the School of Engineering and Applied Sciences. But there's not just one professor - you have access to the entire teaching staff, allowing you to receive feedback on assignments straight from the experts. Pursue a Verified Certificate to document your achievements and use your coursework for job and school applications, promotions, and more. EdX also works with top universities to conduct research, allowing them to learn more about learning. Using their findings, edX is able to provide students with the best and most effective courses, constantly enhancing the student experience.

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Excelente!

Anonymous
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Published on August 31, 2021
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August 31, 2021
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Excelente!