Functioning of the Electricity Market 2200-EU004
Meeting no I
Description of the course. Readings. Requirements for the students’ successful passing of the course: presence and active participation in discussions + short essay to write.
Review of the syllabus.
CORE THEME: Evolution of the EU power system and its electricity markets
THEME: Grids and power systems
Meeting no II
CORE THEME: Fundamentals of the EU power system and its electricity markets
THEME: Types of the EU power system and their markets
THEME: Roles on the electricity markets
Meeting no III
CORE THEME: RES support, explicit and implicit, technology, generation and finance
THEME: Electricity market governance: member states/NRAs vs Commission vs ACER
Meeting no IV
CORE THEME: Market coupling - Building the EU cross-border market
THEME: Grid costs: who builds, who owns, TPA;
THEME: Transmission capacity calculation for electricity trade
THEME: Price formation: costs: CAPEX/OPEX, (para)taxes, price-adders, profit margin, scarcity pricing;
THEME: Electricity as public good
Type of course
Mode
Course coordinators
Learning outcomes
Knowledge: the graduate knows and understands
- types of activities and undertakings on energy markets including activities performed in the form of monopoly;
- functioning of electricity, natural gas, renewable and fossil fuels markets;
Skills: the graduate is able to
- list types of activities and undertakings on energy markets including activities performed in the form of monopoly;
- explain basic rules of the functioning of electricity, natural gas, renewable and fossil fuels markets;
- is able to use English to the extent that allows for independent completion of education and communication with specialists in the same or related specialization, in accordance with the requirements set out for level B2+ of the Common European Framework of Reference for Languages;
Bibliography
1. Jean-Paul Glachant, Paul L. Joskow, Michael G. Pollitt (eds.), „Handbook on Electricity Markets”, Elgar, Northampton, MA 2021;
2. Thomas-Olivier Léautier, „Imperfect Markets and Imperfect Regulation. An Introduction to the Microeconomics and Political Economy of Power Markets”, The MIT Press, Cambridge, MA 2018;
3. Władysław Mielczarski, „Handbook: Energy Systems & Markets. Part 1. Structure and operation”, Institute of Electric Power Engineering, Łódź University of Technology, Łódź 2018;
4. Steven Stoft, „Power System Economics. Designing Markets for Electricity”, IEEE Press, Wiley, New York 2002;
Additional information
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