Educational offer - University of Padova

Information on the course unit

Degree course	Second cycle degree in ELECTRICAL ENERGY ENGINEERING IN1979, Degree course structure A.Y. 2014/15, A.Y. 2019/20	bring this page with you
Number of ECTS credits allocated	6.0
Type of assessment	Mark
Course unit English denomination	ELECTRICITY MARKET
Department of reference	Department of Industrial Engineering
Mandatory attendance	No
Language of instruction	English
Branch	PADOVA
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

Syllabus

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.