TU Delft
Year
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NEDERLANDSENGLISH
Organization
2017/2018 Technology, Policy and Management Master Complex Systems Engineering and Management
SEN1522
Electricity and Gas: Market Design and Policy Issues
ECTS: 5
Module Manager
Name E-mail
Dr.ir. L.J. de Vries    L.J.deVries@tudelft.nl
Instructor
Name E-mail
Dr. A.F. Correlje    A.F.Correlje@tudelft.nl
Responsible for assignments
Name E-mail
Dr.ir. L.J. de Vries    L.J.deVries@tudelft.nl
Co-responsible for assignments
Name E-mail
Dr. A.F. Correlje    A.F.Correlje@tudelft.nl
Contact Hours / Week x/x/x/x
0/6/0/0
Education Period
2
Start Education
2
Exam Period
2
3
Course Language
English
Expected prior knowledge
SEN1511 is required, as well as Economics of Infrastructures SPM2230 or EPA1233) or an equivalent introduction to micro econoimcs.
Course Contents
Introduction, models of liberalization, network regulation
Conceptual framework of market design
Gas system & actor description
Electricity system & actor description
Long-term development of electricity markets
Long-term development of gas markets
Policy options for intervention in electricity and gas markets
Perspectives on long-term, sustainable energy market design
Energy market modeling
Electricity market simulation game.
Study Goals
At the end of this course, students should be able to analyze energy policy issues from a technical, economic, and institutional perspective, to make informed choices regarding market design and policy options and to develop improvements to these options. In this course, the studentsí technical, economic, legal and policy making skills are applied to the complex reality of regulation and market design in electricity and gas sectors.
Education Method
The course makes use of interactive lectures. The reading materials are partly developed by ourselves and consist partly of relevant, recent policy-related documents. Quantitative modeling exercises are used to learn how electricity prices come about, the influence of policy instruments and renewable energy on these prices and to learn about investment decisions. An elaborate simulation game is used to apply this knowledge and gain insights in the dynamic, long-term development of an electricity market. Finally, an excursion provides in inside view in an energy company.
Computer Use
An on-line market simulation game is part of this course.
Literature and Study Materials
Readers and other reading materials such as scientific papers will be provided through the online learning environment.
Assessment
Digital exam (70%), modeling exercise (20%) and simulation game (10%).
Permitted Materials during Tests
Calculator.
Elective
Yes
Tags
Economics
Energy
Policy Analysis
Targetgroup
CoSEM Energy Track Students