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The lecture eEnergy: Markets, Services, Systems deals with aspects touching the economics and information technology of energy markets. The ongoing integration of renewable generation capacities is a challenge for regulators, market designers and grid operators. It is crucial to connect central and decentral generation sources as well as electricity consumers through information technology to improve the coordination between electricity demand and supply. Intelligent IT components are added to existing electricity grids to make the Smart Grid a reality. This includes a transformation of the current structure of electricity markets towards an integration of Demand Side Management, renewable generation and e-mobility. Besides the regulatory and economic background of electricity markets we will introduce methodologies to model and analyse electricity markets.

The lecture is structured as follows:

1. Markets for electricity
   Market models, EEX (spot and forward markets), OTC-trading, Market Coupling
2. Regulation
   Tariffs and incentives, grid congestion
3. Demand Side Management
   Smart Meter, electricity rates, price elasticity, storage, e-mobility
4. Modelling and analysis of electricity markets

The lecture can also be combined with the IIP module Energiewirtschaft und Energiemärkte.

Total effort for 4,5 Credits: ca. 135 hours
Lecture and exercise time: 30 hours
Personal revision: 105 hours

• understands the tasks and the general structure of energy and especially electricity markets,
• understands the transformation of the energy sector and the necessity of smart grids,
• knows the market mechanisms in energy markets and their role in coordination supply and demand,
• is capable of describing interactions between OTC-, spot and operating reserve markets,
• knows the regulation imposed on electricity markets and can challenge them critically,
• is capable of modelling smart grid mechanisms and evaluating them using simulation based methods.

The student evaluation will take place in form of a written exam (60 mins.) (according to §4(2), 1 SPO). A successful completion of the exercise (according to §4(2), 3 SPO) entitles the student to a bonus. If the final mark of the written exam is between 4.0 and 1.3, it will be improved by on step (0.3 or 0.4). The bonus is only valid for the main and substitute exam of the semester during which it was obtained.