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

Degree programme: Master Sustainable Energy Systems
Type of degree: FH Master´s Degree Programme
Winter Semester 2022

Course unit title Energy Economics
Course unit code 072722010101
Language of instruction German
Type of course unit (compulsory, optional) Compulsory
Semester when the course unit is delivered Winter Semester 2022
Teaching hours per week 2
Year of study 2022
Number of ECTS credits allocated Second Cycle (Master)
Number of ECTS credits allocated 3
Name of lecturer(s) Edmund MAIER, Werner MANAHL, Norbert MENKE

Prerequisites and co-requisites


Course content

Overview of today's energy system and its transformation into a renewable "Internet of Energy". The course highlights the economic, technological and political drivers for the change process.  

  • Energy as a scarce ressource in the history of evolution
  • Energy demand and supply: structure, parameters, reserves, resources and potentials
  • Prices as a coordinating instrument in competitive and regulated markets: Supply, demand, allocation and efficiency of resources   
  • Organisation and special features of grid-bound energy markets: value chain, unbundling and market organisation,
  • Energy policy regulatory framework
  • Digitization: Goals, fields of action, location determination
  • Internet of Energy: Security and Quality of Supply in a Renewable and Volatile Energy System

Learning outcomes

The students have a system-oriented view of the transformation of the energy system into a renewable Internet of Energy. They are familiar with important political, economic and technical drivers for this process of change. The students

  • are familiar with the potential and structure of energy supply and demand. Tey can name, quantify and classify them.
  • can explain essential methods of price formation in regulated and competitive energy markets and apply them as coordination instruments to selected examples of the energy industry.
  • are able to apply the concepts "value chain" and "unbulding" to the market organisation of grid-bound energy systems.
  • are familiar with the regulatory framework under energy law and can explain important guidelines and laws and their effects.
  • are able to explain, limit and evaluate fields of action and potentials of digitisation in the energy industry.
  • have an understanding of the "Internet of Energy" and can explain essential elements and their interaction for supply quality and security.

Planned learning activities and teaching methods
  • Lectures with integrated exercises
  • Interactive debates on current energy issues
  • Processing and presentation of case studies
  • Group simulation game

Assessment methods and criteria
  • Working on a case study in small groups
  • Individual processing of a case study with results report
  • Examination interview on the results report and on the contents of the lectures



Recommended or required reading
  • Konstantin, Panos; SpringerLink (Online service) (2017): Praxisbuch Energiewirtschaft: Energieumwandlung, -transport und -beschaffung, Übertragungsnetzausbau und Kernenergieausstieg. 4., aktualisierte Auflage 2017; Berlin, Heidelberg: Springer Berlin Heidelberg.
  • Zweifel, Peter u.a. (2017): Energy Economics: Theory and Applications. Berlin, Heidelberg: Springer Berlin Heidelberg.
  • Brauner, Günther (2016): Energiesysteme: Regenerativ und Dezentral. Wiesbaden: Springer Vieweg. in Springer Fachmedien Wiesbaden GmbH.
  • Dichtl, Johanna; SpringerLink (Online service) (2018): Finanzwirtschaft, nachhaltige Entwicklung und die Energiewende: Zu den Rollen von Finanzintermediären bei Transitionsprozessen der Energiewirtschaft in Deutschland und Polen. Wiesbaden: Springer Fachmedien Wiesbaden.
  • Köhler-Schute, Christiana u.a. (2016): Die Digitalisierung der Energiewirtschaft: Transformation und Organisation, Technologien und Prozessoptimierung, innovative Geschäftsmodelle. Berlin: KS-Energy-Verlag.
  • Schallmo, Daniel R. A. u.a. (2017): Roadmap Utility 4.0: Strukturiertes Vorgehen für die digitale Transformation in der Energiewirtschaft. Wiesbaden: Springer Fachmedien Wiesbaden.

Mode of delivery (face-to-face, distance learning)
  • Presence course
  • Group simulation game