Event

The lecture "Energy Market Engineering" addresses the design and analysis of energy markets considering current developments and challenges. A particular focus is on the integration of renewable energies and the associated market mechanisms and regulations.

Specifically, the following topics are covered:

• Introduction to Market Engineering: What design elements do markets and specifically auctions have in general, and what influence does this have on participant behavior.
• Introduction to Energy Markets: Fundamentals and current trends in the energy system, including climate change and the expansion of renewable energies.
• Market Design and Products: Various pricing models such as nodal pricing, zonal pricing, and the structure of capacity markets.
• Grid Expansion, Distribution Networks, and Flexibility Markets: Analysis of distribution network markets and the role of flexibility options like demand response and storage technologies.
• Intermittent Generation and Grid Stability: Challenges posed by fluctuating renewable energies and strategies to ensure grid stability.
• Digitalization and Market Transparency: The role of digitalization in improving market transparency and efficiency, including the use of smart metering systems and data-driven approaches.
• Current Research Projects and Developments: Presentation of ongoing research projects and their significance for the future design of energy markets.