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

Degree programme: Master Sustainable Energy Systems
Type of degree: FH Master´s Degree Programme
Part-time
Winter Semester 2021

Course unit title Energy Markets and Energy Trading
Course unit code 072722030101
Language of instruction German / English
Type of course unit (compulsory, optional) Compulsory
Semester when the course unit is delivered Winter Semester 2021
Teaching hours per week 2
Year of study 2021
Number of ECTS credits allocated Second Cycle (Master)
Number of ECTS credits allocated 3
Name of lecturer(s) Simon PREUSCHOFF, Hagen SCHMÖLLER


Prerequisites and co-requisites

None


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
    • Presentation
    • Final examination

    Comment

    None


    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