Information on individual educational components (ECTS-Course descriptions) per semester

Energy Markets and Energy Trading

Degree programme Sustainable Energy Systems
Subject area Engineering Technology
Type of degree Master
Winter Semester 2023
Course unit title Energy Markets and Energy Trading
Course unit code 072722030101
Language of instruction German, English
Type of course unit (compulsory, optional) Compulsory
Teaching hours per week 2
Year of study 2023
Level of the course / module according to the curriculum
Number of ECTS credits allocated 3
Name of lecturer(s) Simon PREUSCHOFF, Hagen SCHMÖLLER
Requirements and Prerequisites


Course content

This course will focus on the in-depth study of selected chapters of energy economics, in particular energy trading, as well as the characteristics and functioning of the relevant energy markets. In addition, current market developments with a high practical relevance are discussed.

  • Macroeconomics: Resource economics, price formation and market power, external effects and their consequences
  • Primary energy markets and trade: significance, history, organisation of markets, price formation, important market participants
  • Energy policy and regulation: security of supply, economic efficiency, environmental compatibility and interactions
  • Electricity Market and Trading: History, Balance Group Model, Structure and Segments of the Electricity Market
  • Microeconomics: power plant deployment planning, portfolio analysis, risk management, procurement and trading strategies
  • Current market developments: Expansion of renewable energies, challenges for energy suppliers, grid expansion or market design
Learning outcomes

At the end of the course, students will have a good understanding of energy, in particular electrical energy, as a commodity and the relevant markets for energy trading. The students know

  • Characteristics of electric energy and CO2 as a commodity. They can describe these using characteristic features and differentiate them from other trading goods.
  • Stock exchange and non-stock exchange trading places for energy. They are able to explain their development and current importance of the different trading places.
  • Are able to explain the mechanisms of price formation in energy trading and can explain them by means of examples.
  • Principles of funding for the renewable energy sector.
  • Methods of portfolio management and risk management with regard to purchase and supply contracts. You can safely explain demand-oriented power plant resource planning using the Merrit order concept.
  • Current market developments in the energy industry, they can describe and evaluate potentials and challenges.
Planned learning activities and teaching methods
  • Lecture with integrated exercises
  • Case studies, presentations and interactive energy debates
Assessment methods and criteria
  • Electricity market simulation (part 1: price forecast 20%, part 2: power plant marketing 20%)
  • Final exam (60%)

         The examination parts must be positive only in total.

The repeat examination and the commission examination take place orally.



Recommended or required reading
  • Crastan, Valentin; Crastan, Valentin (2018): Energiewirtschaft und Klimaschutz, Elektrizitätswirtschaft und Liberalisierung, Kraftwerktechnik und alternative Stromversorgung, chemische Energiespeicherung. 4., bearbeitete Auflage, korrigierte Publikation 2018. Berlin: Springer Vieweg.
  • Konstantin, Panos (2017): Praxisbuch Energiewirtschaft: Energieumwandlung, -transport und -beschaffung, Übertragungsnetzausbau und Kernenergieausstieg. 4., aktualisierte Auflage. Berlin: Springer Vieweg.
  • Ströbele, Wolfgang; Pfaffenberger, Wolfgang; Heuterkes, Michael (2012): Energiewirtschaft: Einführung in Theorie und Politik. 3., überarbeitete und aktualisierte Auflage. München: Oldenbourg.
Mode of delivery (face-to-face, distance learning)

presence course