Course Description: eEnergy: Markets, Services, Systems
The scope of the lecture eEnergy is economics and information management of energy markets. The integration of the growing number of renewable energy sources imposes new challenges on energy markets and the power system. For a better coordination of supply and demand it is necessary to interlink centralized and decentralized generators as well as consumers by means of ICT with each other. Current electricity networks are extended by intelligent IT components thus incorporating the "Smart Grid". The existing market structures for electricity have to be adjusted in order to successfully integrate concepts like demand side management and an increasing number of renewable energy producers and electric vehicles. Apart from the regulatory and economic background, methods for modeling and analysis of energy markets (i.e. agent based simulation) are introduced and explained during the course.
The lecture is divided into following main subject areas:
1. Electricity Markets
Market Models, EEX (spot and futures market), OTC Trade, Market Coupling
Charges and Incentive Regulation, Network Congestion (Management)
3. Demand Side Management
Smart Meter, Tariffs, Price Elasticity, Storage Systems, Electric Mobility
4. Modeling and Analysis of Energy Markets
The lecture is held in English. Exams can be also completed in German. Further organizational details are going to be published with the course material starting from April.
• Erdmann G, Zweifel P. Energieökonomik, Theorie und Anwendungen. Berlin Heidelberg: Springer; 2007.
• Grimm V, Ockenfels A, Zoettl G. Strommarktdesign: Zur Ausgestaltung der Auktionsregeln an der EEX *. Zeitschrift für Energiewirtschaft. 2008:147-161.
• Stoft S. Power System Economics: Designing Markets for Electricity. IEEE; 2002.,
• Ströbele W, Pfaffenberger W, Heuterkes M. Energiewirtschaft: Einführung in Theorie und Politik. 2nd ed. München: Oldenbourg Verlag; 2010:349.