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
Target groupMaster
ECTS credits7,5 ECTS