ELECTRICITY MARKET ECONOMICS

Second cycle degree in ELECTRICAL ENERGY ENGINEERING

Campus: PADOVA

Language: English

Teaching period: Second Semester

Lecturer: ARTURO LORENZONI

Number of ECTS credits allocated: 6


Syllabus
Prerequisites: It is suggested a basic knowledge of economics na of the operation of energy markets.
Examination methods: 2 Written classworks during the course.
First classwork, Mid Course. Second classwork End of the Course .
Session of exams (orals): June, July, September, December, February, March.

After the classworks, you can register your vote only if their average is > or = 23/30. If not, or if you want to improve the vote, you have to give an oral exam on all or just one half of the programme, if the other is above 23/30, keeping good only that half.
Course unit contents: The lessons are related to the following topics:
Price regulation; organisation of the electricity industry. Plant despatch and merit order: generation in a competitive market. Contracts. The operation of the power exchange and the capacity market. The transmission line: benefits of the interconnection and optimal transmission capacity. Congestion management. The markets for the environment: green certificates, carbon credits, energy efficiency. Financial products for the power market. The electricity prices: comparing different contracts. Principles of finance for hedging electricity contracts.