Energy Markets: Understanding European Energy Economics
This course is part of The Economics of Energy Transition.
This comprehensive course explores the functioning of energy markets as a crucial foundation for understanding the energy transition. Using the European electricity market as a case study, students will gain deep insights into market principles and effectiveness. The course covers four key areas: energy market fundamentals, market operations and design, policy approaches for promoting electricity generation investment, and network operations including tariff determination. Through interactive assessments and live practice sessions, participants will learn about merit order selection, market pricing, and electricity trading mechanisms. The course combines theoretical knowledge with practical applications, making it ideal for professionals and students seeking to understand the economics of energy markets and their role in the sustainable energy transition.
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What you'll learn
Understand the fundamental principles and operations of energy markets including regulation and organization
Analyze different market models and their impact on electricity sector performance
Evaluate policy mechanisms for incentivizing investment in energy generation
Master the principles of electricity network operations and tariff determination
Apply economic concepts to address challenges in energy market transitions
Skills you'll gain
This course includes:
Live video
Graded assignments, exams
Access on Mobile, Tablet, Desktop
Limited Access access
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There are 5 modules in this course
This comprehensive course examines the fundamentals of energy markets with a focus on the European electricity sector. Students learn about market operations, regulatory frameworks, and economic principles governing energy systems. The curriculum covers market models, investment economics, network management, and practical aspects of electricity trading. Through interactive sessions and case studies, participants gain hands-on experience with market mechanisms and understanding of how economic principles shape energy transitions. The course emphasizes both theoretical knowledge and practical applications, preparing students to address real-world challenges in energy market operations.
Key elements of energy markets
Module 1
Different types of market models and what effects the energy market
Module 2
The economics of generation investment and capacity mechanisms
Module 3
Energy Networks and congestion management
Module 4
Case review
Module 5
Fee Structure
Individual course purchase is not available - to enroll in this course with a certificate, you need to purchase the complete Professional Certificate Course. For enrollment and detailed fee structure, visit the following: The Economics of Energy Transition
Instructors
3 Courses
A Leading Expert in Energy Systems and Renewable Energy Policy
Rudi Hakvoort serves as an Associate Professor at TU Delft's Faculty of Technology, Policy and Management, where he has established himself as a prominent researcher in energy systems and market regulation. His expertise spans energy network regulation, market functioning, and renewable energy support mechanisms. His research focuses on the complex challenges of energy transition, particularly examining how to integrate renewable energy sources into existing power systems. At TU Delft, he investigates various aspects of renewable energy support schemes, including their design, implementation, and effectiveness in promoting sustainable energy adoption. His work includes studying cost allocation in integrated community energy systems and analyzing different support mechanisms for renewable electricity deployment. Through his research and teaching, he contributes significantly to understanding how policy instruments and market mechanisms can facilitate the transition to sustainable energy systems. His expertise in energy policy and regulation has made him a valuable contributor to both academic discourse and practical policy implementation in the field of renewable energy integration.
3 Courses
Energy Markets and Systems Integration Expert
Laurens de Vries is an associate professor at TU Delft's Faculty of Technology, Policy and Management, bringing together expertise in energy market design and systems integration. His diverse academic background includes a MSc in Mechanical Engineering from TU Delft, an MA in Environmental Studies from The Evergreen State College, and a PhD from TU Delft's Faculty of Technology, Policy and Management. As the Coordinator of the European Energy Research Alliance Joint Programme on Energy Systems Integration, he focuses on analyzing the complex relationships between physical infrastructure, economic organization, and regulation in energy markets. His research portfolio spans crucial areas including European balancing markets, direct-current microgrid design, and distribution network congestion management. He has made significant contributions to understanding how regulations, including the European CO2 market, renewable energy policies, and capacity mechanisms, influence investment in electricity generation. His innovative approach includes using agent-based models to simulate policy instruments' impacts on energy transition, making him a leading voice in sustainable energy system development. Through his work, he addresses critical challenges in the energy sector, particularly focusing on the integration of renewable energy sources and the development of flexible market mechanisms to support the transition to sustainable energy systems.
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