Event
Simulation Game in Energy Economics [SS232581025]
Lecturers
Organisation
- Energiewirtschaft
Part of
- Brick Simulation Game in Energy Economics | Industrial Engineering and Management (M.Sc.)
- Brick Simulation Game in Energy Economics | Economics Engineering (M.Sc.)
- Brick Simulation Game in Energy Economics | Digital Economics (M.Sc.)
- Brick Simulation Game in Energy Economics | Information Systems (M.Sc.)
- Brick Simulation Game in Energy Economics | Information Engineering and Management (M.Sc.)
- Brick Simulation Game in Energy Economics | Economathematics (M.Sc.)
Literature
Weiterführende Literatur:
Möst, D. und Genoese, M. (2009): Market power in the German wholesale electricity market. The Journal of Energy Markets (47–74). Volume 2/Number 2, Summer 2009
Appointments
- 28.06.2023 10:45 - 12:45 - Room: 06.35 R 219
Note
- Introduction
- Agents and market places in the electricity industry
- Selected planning tasks of energy service companies
- Methods of modelling in the energy sector
- Agent-based simulation: The PowerACE model
- Simulation game: Simulation in energy economics (electricity and emission trading, investment decisions)
The lecture is structured in a theoretical and a practical part. In the theoretical part, the students are taught the basics to carry out simulations themselves in the practical part which comprises amongst others the simulation of the power exchange. The participants of the simulation game take a role as a power trader in the power market. Based on various sources of information (e.g. prognosis of power prices, available power plants, fuel prices), they can launch bids in the power exchange.
Assessment: presentation and written summary
Prerequisites: Basics in Energy economics ad markets are advantageous.