Modul
Energy Economics and Energy Markets [M-WIWI-101451]
Credits
9Recurrence
Jedes SemesterDuration
1 SemesterLanguage
German/EnglishLevel
4Version
8Responsible
Organisation
- KIT-Fakultät für Wirtschaftswissenschaften
Part of
Bricks
Identifier | Name | LP |
---|---|---|
T-WIWI-102691 | Energy Trade and Risk Management | 3 |
T-WIWI-112151 | Energy Trading and Risk Management | 3.5 |
T-WIWI-107446 | Quantitative Methods in Energy Economics | 3.5 |
T-WIWI-107501 | Energy Market Engineering | 4.5 |
T-WIWI-102712 | Regulation Theory and Practice | 4.5 |
T-WIWI-108016 | Simulation Game in Energy Economics | 3.5 |
T-WIWI-102607 | Energy Policy | 3.5 |
T-WIWI-107043 | Liberalised Power Markets | 5.5 |
Competence Certificate
The assessment is carried out as partial written exams (according to Section 4(2), 1 of the examination regulation) of the single courses of this module, whose sum of credits must meet the minimum requirement of credits of this module. The examinations take place every semester. Re-examinations are offered at every ordinary examination date.The assessment procedures are described for each course of the module seperately.
The overall grade of the module is the average of the grades for each course weighted by the credits and truncated after the first decimal.
Competence Goal
The student
- gains detailed knowledge about the new requirements of liberalised energy markets,
- describes the planning tasks on the different energy markets,
- knows solution approaches to respective planning tasks.
Prerequisites
The lecture Liberalised Power Markets has to be examined.
Content
Liberalised Power Markets: The European liberalisation process, energy markets, pricing, market failure, investment incentives, market power
Energy Trade and Risk Management: trade centres, trade products, market mechanisms, position and risk management
Simulation Game in Energy Economics: Simulation of the German electricity system
Recommendation
The courses are conceived in a way that they can be attended independently from each other. Therefore, it is possible to start the module in winter and summer term.
Workload
The total workload for this module is approximately 270 hours.