Energy Economy and Energy Markets
1
2018-2019
02010661
Economics and Management
Portuguese
English
Face-to-face
6.0
Elective
2nd Cycle Studies - Mestrado
Recommended Prerequisites
NA
Teaching Methods
Classroom interaction:
- Presentation of the themes promoting debate (student-student and student-teacher).
- Solving (by students, individually or in small groups, or by the teacher) of cases that illustrate the practical relevance of the themes.
- Conference lectures with invited expert speakers (regulatory agents, market players, industry).
- Role-playing.
The presentation of the themes and the discussion of cases emphasize the motivation of the students for studying the themes being addressed, by using concrete examples). When opportune, the related research activities of the teacher are
Learning Outcomes
Acknowledge students with energy economic concepts, both in analytical and modelling terms. Promote research skills in frontier areas as Economy-Business-Engineering. Promote awareness of policy and decision-making processes affecting energy management and development in both government and industry, including the economic, policy, regulatory and institutional drivers that shape management decisions.
Work Placement(s)
NoSyllabus
Energy value chain economics. Structure of energy demand and supply. Rationale for and public policies in energy markets: services of economic general interest and sectoral regulation. Electricity market reforms and competition in the electricity industry. Designing markets for electricity. Market power, energy crisis, security of supply, market failures and externalities. Political economy of deregulation and competition in wholesale electricity markets. Energy finance and risk management: spot and futures price formation.
Volatility and hedging instruments. Building of the electricity European internal market as a case study.
Impacts of renewable energy deployment on socio-economic dimensions
Head Lecturer(s)
Patrícia Carla Gama Pinto Pereira da Silva de Vasconcelos Correia
Assessment Methods
Assessment
Research work: 100.0%
Bibliography
Bunn, D. (ed) (2004), Modelling prices in competitive electricity markets, Wiley Finance, John Wiley & Sons
Joskow, P., Schmalensee, R., (1983), Markets for Power: An Analysis of Electric Utility Deregulation, MIT Press, Cambridge, Massachusetts
Newbery, D., (2000), Privatization, Restructuring, and Regulation of Network Utilities, MIT Press, Cambridge, Massachusetts.
Silva, Patrícia Pereira da, (2007), O sector da Energia Eléctrica na União Europeia – evolução e perspectivas (The electricity supply industry in the European Union, in portuguese), Coimbra University Press, Coimbra.
Up-to-date Energy Policy retrevied from http://ec.europa.eu/energy/index_en.htm