First cycle
degree courses
Second cycle
degree courses
Single cycle
degree courses
School of Engineering
Course unit
INP8083620, A.A. 2018/19

Information concerning the students who enrolled in A.Y. 2018/19

Information on the course unit
Degree course Second cycle degree in
IN1979, Degree course structure A.Y. 2014/15, A.Y. 2018/19
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Number of ECTS credits allocated 6.0
Type of assessment Mark
Course unit English denomination ELECTRICITY MARKET
Website of the academic structure
Department of reference Department of Industrial Engineering
E-Learning website
Mandatory attendance No
Language of instruction English
Single Course unit The Course unit can be attended under the option Single Course unit attendance
Optional Course unit The Course unit can be chosen as Optional Course unit

Other lecturers ARTURO LORENZONI SECS-P/06

ECTS: details
Type Scientific-Disciplinary Sector Credits allocated
Core courses ING-IND/33 Electrical Energy Systems 6.0

Course unit organization
Period Second semester
Year 1st Year
Teaching method frontal

Type of hours Credits Teaching
Hours of
Individual study
Lecture 6.0 48 102.0 No turn

Start of activities 25/02/2019
End of activities 14/06/2019
Show course schedule 2019/20 Reg.2014 course timetable

Examination board
Board From To Members of the board
2 A.A. 2019/2020 01/10/2018 30/11/2020 COPPO MASSIMILIANO (Presidente)
LORENZONI ARTURO (Membro Effettivo)
1 A.A. 2018/19 01/10/2018 30/11/2019 COPPO MASSIMILIANO (Presidente)
LORENZONI ARTURO (Membro Effettivo)

Prerequisites: It is suggested a basic knowledge of power sector operation and of economics of energy markets.
Target skills and knowledge: The target of the course is to understand the new organization of electricity markets and to give to the students the knowledge to operate. The course starts from the basics of the electricity economics and from the principles of regulation and aims at giving to the students the skills to successfully operate either as seller, buyer or trader. The aim of the course is to give ability to operate in an autonomous manner in the electricity market, nurturing a critical approach
Examination methods: The exam is aimed to evaluate the capability to analyze market conditions and to take proper economic decisions. There is the possibility to give the exam with 2 Written classworks during the course.
There are the following sessions of exams (orals): June, July, September, December, February, March.

After the classworks, one can register the vote only if the average is > or = 23/30. If not, or if one wants to improve the vote, has 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.
Assessment criteria: Knowledge of the material supplied during the lessons and ability to solve exercises on the electricity market. Critical capability to operate on the market
Course unit contents: The lessons are related to the following topics:
Price regulation; organization 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.
Planned learning activities and teaching methods: Most of the course is given with frontal lessons; some reading are given and then discussed in class, to stimulate the critical skills. A simulation of the electricity market is made.
Additional notes about suggested reading: Slides of the lessons.
• S. Stoft: power System Economics, IEEE Press, Wiley Interscience, 2002, ISBN 0 471-15040-1
• Richard Green: Competition in Generation: the economic foundations. PROCEEDINGS OF THE IEEE, VOL. 88, NO. 2, FEBRUARY 2000.
Textbooks (and optional supplementary readings)
  • Lorenzoni, Arturo, Appunti di Economia del mercato elettrico. Padova: CUSL Nuova Vita Cooperativa Sociale, 2013. Cerca nel catalogo

Innovative teaching methods: Teaching and learning strategies
  • Lecturing

Innovative teaching methods: Software or applications used
  • Moodle (files, quizzes, workshops, ...)

Sustainable Development Goals (SDGs)
Quality Education Reduced Inequalities Sustainable Cities and Communities Responsible Consumption and Production Climate Action