Energy Markets
Niveau
Consolidation
Learning outcomes of the courses/module
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
• 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
Prerequisites for the course
Fundamentals of Energy & Sustainability Management (ENM), Fundamentals of Business Administration and Economics (ECO.1)
Course content
• 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
• 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
Recommended specialist literature
• 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
• 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
Assessment methods and criteria
Written exam
Language
German
Number of ECTS credits awarded
4
Share of e-learning in %
30
Semester hours per week
2.0
Planned teaching and learning method
Blended Learning
Semester/trimester in which the course/module is offered
4
Name of lecturer
Asc. Prof. (FH) Dipl.-Ing. Christian Huber
Academic year
2
Key figure of the course/module
EWI
Type of course/module
integrated lecture
Type of course
Compulsory
Internship(s)
none