Energy Market Engineering

Content

The lecture "Energy Market Engineering" addresses the design and analysis of energy markets considering current developments and challenges. A particular focus is on the integration of renewable energies and the associated market mechanisms and regulations.

Specifically, the following topics are covered:

  • Introduction to Market Engineering: What design elements do markets and specifically auctions have in general, and what influence does this have on participant behavior.
  • Introduction to Energy Markets: Fundamentals and current trends in the energy system, including climate change and the expansion of renewable energies.
  • Market Design and Products: Various pricing models such as nodal pricing, zonal pricing, and the structure of capacity markets.
  • Grid Expansion, Distribution Networks, and Flexibility Markets: Analysis of distribution network markets and the role of flexibility options like demand response and storage technologies.
  • Intermittent Generation and Grid Stability: Challenges posed by fluctuating renewable energies and strategies to ensure grid stability.
  • Digitalization and Market Transparency: The role of digitalization in improving market transparency and efficiency, including the use of smart metering systems and data-driven approaches.
  • Current Research Projects and Developments: Presentation of ongoing research projects and their significance for the future design of energy markets.
Language of instructionGerman
Bibliography
  • Erdmann G, Zweifel P. Energieökonomik, Theorie und Anwendungen. Berlin Heidelberg: Springer; 2007.
  • Grimm V, Ockenfels A, Zoettl G. Strommarktdesign: Zur Ausgestaltung der Auktionsregeln an der EEX *. Zeitschrift für Energiewirtschaft. 2008:147-161.
  • Stoft S. Power System Economics: Designing Markets for Electricity. IEEE; 2002.,
  • Ströbele W, Pfaffenberger W, Heuterkes M. Energiewirtschaft: Einführung in Theorie und Politik. 2nd ed. München: Oldenbourg Verlag; 2010:349.