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:
90 h self-study

Contact time:
60 h (4 SWS)

Examination:

  • Examination
    (90 Minutes)
  • Group work to achieve bonus points for the exam
    (40 hours, deadlines will be announced at the beginning of the semester)

Requirements for the award of credits

  • Passed examination
    (Note: The grade results exclusively from the exam)
  • Successful completion of the group work
    (Details will be announced at the beginning of the semester)

 

Demand and Supply in Energy Markets

Contents

  • Basics of economics
  • Fundamentals of energy markets
  • Energy demand
      • Energy demand by sector and energy carriers at global and regional level
      • Bottom-up analysis of energy demand
      • Top-down analysis of energy demand
  • Energy supply
      • Investment appraisal
      • Investing in supply expansion
  • Group work on complex case studies focussing on how policy, regulation and markets affect energy demand (between sectors, over time) and supply

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.


Learning goals and competences

After successful completion of this module the students are able to

    • name different types of energy markets and explain their purpose and functionality.
    • name the main technological, socio-economic and political drivers of energy demand and explain how they each change energy demand over time or between energy carriers.
    • assess 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.
    • apply the concepts learnt to complex case studies, analyse and interpret the corresponding results and draw conclusions for the transformation of the energy system.
    • work independently in project groups and present results of their group work in an understandable way.

Moreover, the students will have

  • developed the ability to think in a networked and critical way and are able to select and apply established methods and procedures,
  • acquired in-depth and interdisciplinary methodological competence and are able to apply it in a situationally appropriate manner.

The students practice scientific learning and thinking and can

  • develop complex problems in technical systems in a structured way and solve them in an interdisciplinary way using suitable methods,
  • transfer knowledge/skills to concrete systems engineering problems.