Energy Markets

Consolidation

The students are able to: • Explain the principles of commodity futures trading and freely traded energy mar-kets • Present and explain price formation in the energy market • Present fundamental factors influencing the trading prices of energy sources • Understand the status of the European and national energy markets with regard to political development goals • Describe the trading cascade in the electricity and gas market • Describe mechanisms of certificate trading • Differentiate between the Clean Dark and Clean Spark Spread

Fundamentals of Energy & Sustainability Management (ENM), Fundamentals of Business Administration and Economics (ECO.1)

• Unbundling of natural monopolies and free energy markets • European and national development of the electricity and gas industry • Energy pricing and influencing factors • Standardized exchange products and trading markets • Comparison of different approaches for energy services, balancing energy services and capacity services • Merit - Order • Trading cascade • Markets for renewable energy sources • Certificate trading • Clean Dark Spread, Clean Spark Spread

• Stern, J., 2011. The Transition to Hub-Based Gas Pricing in Continaental Europe. Oxford Institute of Energy Studies • Ströbele, W., Pfaffenberger, W., Heuterkes, M., 2012. Energiewirtschaft: Einführung in Theorie und Politik. Oldenbourg: Wissenschaftsverlag • Zenke, I., et al., 2017. Energiehandel in Europa: Öl, Gas, Strom, Derivate, Zertifikate. 4. Auflage. München: C.H.Beck Verlag

Written exam

German

4

30

2.0

Blended Learning

4

Asc. Prof. (FH) Dipl.-Ing. Christian Huber

2

EWI

integrated lecture

Compulsory

none