This course explores the key topics in the economics of the power system.

Topics in the course are:

1) Introduction to the Electricity Industry and Fundamental Economic Concepts
2) Wholesale Electricity Markets I: No network constraints
3) Wholesale Electricity Markets II: Locational pricing
4) Investment in Electricity Assets I: Generation
5) Investment in Electricity Assets II: Transmission
6) Risk management in electricity markets
7) Ancillary Services
8) Natural Monopoly Regulation
9) Energy, Externalities, Climate Change
10) Renewable Support Policies
11) Retail Electricity Markets
ECTS-point7,5 ECTS