Energy Trading & Market Processes
Niveau
Introduction and consolidation
Learning outcomes of the courses/module
The students are able to:
• recognize the interrelationships of factors influencing energy markets
• consider factors influencing the wholesale prices of electricity and gas
• transfer market processes for the provision of system services to energy portfolios
• use trading cascades in energy trading
• consider volatilities and optionalities in the energy market
• illustrate factors influencing price formation in the electricity market using the merit order
• consider the influence of CO2 on trading markets
• recognize the interrelationships of factors influencing energy markets
• consider factors influencing the wholesale prices of electricity and gas
• transfer market processes for the provision of system services to energy portfolios
• use trading cascades in energy trading
• consider volatilities and optionalities in the energy market
• illustrate factors influencing price formation in the electricity market using the merit order
• consider the influence of CO2 on trading markets
Prerequisites for the course
none
Course content
• Trading cascade in the electricity and gas market
• Different markets for system services
• Fundamental factors influencing energy markets
• Markets for renewable energy sources
• Commodity futures trading
• Exchange vs. OTC
• OTC contracts
• CO2 trading markets
• Factors influencing the electricity price
• Merit order principle
• Different markets for system services
• Fundamental factors influencing energy markets
• Markets for renewable energy sources
• Commodity futures trading
• Exchange vs. OTC
• OTC contracts
• CO2 trading markets
• Factors influencing the electricity price
• Merit order principle
Recommended specialist literature
Schwintowsky, H., 2018. Handbuch Energiehandel. 4. Auflage. Berlin: Erich Schmidt Verlag
• Zenke, I. und R. Schäfer, 2018. Energiehandel in Europa: Öl, Gas, Strom, Derivate, Zertifikate. 4. Auflage. München: C.H.Beck Verlag
• Ströbele, W., W. Pfaffenberger, und M. Heuterkes, 2012. Energiewirtschaft: Einführung in Theorie und Politik. Oldenbourg: Wissenschaftsverlag
• Zenke, I. und R. Schäfer, 2018. Energiehandel in Europa: Öl, Gas, Strom, Derivate, Zertifikate. 4. Auflage. München: C.H.Beck Verlag
• Ströbele, W., W. Pfaffenberger, und M. Heuterkes, 2012. Energiewirtschaft: Einführung in Theorie und Politik. Oldenbourg: Wissenschaftsverlag
Assessment methods and criteria
written exam
Language
German
Number of ECTS credits awarded
5
Share of e-learning in %
30
Semester hours per week
2.5
Planned teaching and learning method
Blended Learning
Semester/trimester in which the course/module is offered
1
Name of lecturer
director of studies
Academic year
1
Key figure of the course/module
EM
Type of course/module
integrated lecture
Type of course
Compulsory
Internship(s)
none