Energy Economics and Markets

REM E6130 Energy Economics and Markets
Exam Code 6130
Credit Points 5 ECTS
Term Summer
Module Coordination Prof. Ramchandra Bhandari
Lecturers Prof. Ramchandra Bhandari, Prof. Johannes Hamhaber
Workload (h) 45 Attendance 105 Self-Study
Prerequisites none
Intended Learning Outcome
  •  Students will outline the energy economics theories
  • Students will examine the feasibility of renewable energy projects with RETScreen
  • Students will interpret the experience curves and grid parity of renewable energy systems for energy market analysis
Content Energy economics (6h)

  • Principle of energy economics and financial mathematics
  • Energy economics models
  • Renewable energy and levelized costs
  • cost, price and value of energy

Experience curve and grid parity (9h)

  • Learning curve theory
  • Grid parity
  • Breakeven analysis
  • exercises and case studies on different RE technologies (solar PV, wind, etc.) and countries (Germany, others)

Feasibility study of energy projects (18h)

  • Introduction to feasibility study and RETScreen
  • Project work on feasibility study of clean energy projects with RETScreen

Energy markets (12h)

  • Energy market structures – monopoly, oligopoly, etc.
  • Markets on the energy production chain
  • Value and price of energy
  • Energy resources pricing and allocation
  • Energy demand markets and energy use
  • Intermodal energy use, backup systems
  • Energy system job effects
Teaching Method Lecture, project work (e.g. RETScreen), exercises
Assesment Method Written examination: 100%
Recommended Reading

Energy Economics: Concepts, Issues, Markets and Governance. Author: Subhes C. Bhattacharyya, Publisher: Springer Energy

Finance: Analysis and Valuation, Risk Management, and the Future of Energy. Authors: Betty Simkins, Russell Simkins, Publisher: Wiley

RETScreen engineering textbooks

More: to be announced in the classroom

Version 19.11.2015

Next Module REM: Energy Efficiency and Environment