Demand and Supply in Energy Markets

  • Prof. Dr. Valentin Bertsch
  • David Huckebrink
  • Christine Nowak
  • Course (3 SWS)
  • Exercise (1 SWS)
  • every Summer Semester
  • English
  • Wednesday - 12 noon to 3 p.m.
  • UFO - 0/10

Workload:
Pre- and postprocessing
Including Examination:
120 h Private Study

Presence time:
60 h Attendance Study

Grading:
Examination: 45 Minutes,
40% of final grade
Preparation and presentation of report for case study:
60% of final grade

Demand and Supply in Energy Markets

The course Demand and Supply in Energy Markets provides students with a structured overview of the different types of energy markets for different energy carriers as well as their respective purpose and functionality. The course focusses on the interdependencies between markets and the demand and supply side and provides an understanding of the main drivers of energy demand, including technological, socio-economic as well as political drivers. For instance, the course discusses how market prices can incentivise changes in energy demand, e.g., over time or between energy carriers. Special emphasis will be placed on the impact of technological progress and change (e.g., the shift towards renewable energy supply, developments in energy efficiency and energy systems integration across sectors and scales) on energy demand and supply within and across energy carriers. Overall, the insights provided by the course are therefore highly relevant for planning the energy transition. During the lecture and exercise, students work in project groups on concrete case studies, prepare a written paper and present their results at the end of the term.

The study and examination achievements of this lecture include the participation in a case study work (incl. written elaboration and presentation) as well as a written exam. Registration for the written exam is done by our secretary's office. All active participants of the case study work will be automatically registered for the exam. If you have any questions, or if this is not desired, please contact us by e-mail at huckebrink-at-ee.rub.de.

Learning Goals and Competencies

The students are able to,

    • name different types of energy markets for different energy carriers
    • explain the purpose and functionality of the different energy markets
    • name the main technological, socio-economic and political drivers of energy demand
    • explain how the main technological, socio-economic and political drivers change energy demand over time or between energy carriers
    • discuss how the expansion of renewable energy sources, energy efficiency and energy systems integration across sectors and scales impact energy demand and supply within and across energy carriers
    • work in project groups and apply the concepts learnt to case studies
    • interpret results from case studies discussed and draw conclusions for planning the energy transition
    • present results of their group work in an understandable way.