Innovation in the Electricity Sector
About the Course
Students are expected to understand how the performances of an industry, and ultimately of an economy, depend not only on its technological endowment, but also on its economic and regulatory policies, defining the framework within which the economic agents operate, and as a result their incentives.Social Sciences
Training hours40
LevelAdvanced
Course ModeTutored
English
Duration5 weeks
TypeOnline
Course StatusSelf Pacement
Course Agenda
Enrollments Start
Course Opens
Tutoring Starts
Tutoring Stops
Self Paced
Course Closes
Learning outcomes
- Understand the market organization of the electricity sector;
- Understand the relation between market and government in the electricity sector;
- Assess the policy tools to increase sustainability in the electricity sector;
- Derive an optimal supply schedule in a liberalized electricity sector;
- Be introduced to the impact of technological and regulatory innovation on the electricity sector;
- Understand the effects of smart meters and accumulation systems in electricity.
Background and Requirements
Knowledge of basic microeconomics is essential. Knowledge of intermediate microeconomics highly recommended. A basic knowledge of the physics law behind the electricity sector may also be useful.Textbooks
The textbook (TB) for the whole course is: “The Economics of Electricity Markets”, by Darryl R. Biggar and Mohammad Reza Hesamzadeh, Wiley, 2014.For each lecture you will find a specific reading list.
