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Energy Economics

Twice yearly one-week course (in spring and autumn) in Grenoble. Energy trends, market structures, finances, and investments: understanding how utilities can compete in the changing energy landscape.

Strengthen your energy fundamentals, broaden your business perspectives

Today’s energy landscape is evolving fast. New technical possibilities are meeting changing customer demand. The economics of fossil, fissile and renewable energy complement and compete with each other, changing investment calculations, and adding new layers of complexity to the market. Both national and international regulations are profoundly changing the way energy businesses operate, the threats they face, and the opportunities that are opening up.

Engineers need a real understanding of this correlated, interconnected and evolving market if their innovative new solutions are to have a real impact. By understanding the deep transformations taking place in the energy sector, the roots of this change, and the challenges it produces you gain a new insight into your own research – and greatly enhance your chances of success.

What you learn

This course is specifically designed for engineers and examines the economics and structure of markets for various energy sources, including oil, coal, gas, and renewables. At the macro level, it explores trends in energy investment, examines climate policies and their impacts on the power sector and presents models that are used to forecast energy consumption. At the micro level, it examines the way that European electricity markets function and how utilities can compete in the changing energy landscape.

This interactive course is designed to:
 
  • Examine the deep transformation that the energy sector is going through, its causes and the challenges resulting from it
  • Give you the skills to be able to make strategic decisions in a continuously changing energy market

Specific modules can include:

1. The geopolitics of fossil energy presents the new energy game and the main geopolitical characteristics of the Energy Industry.
2. The gas value system: an economic and contractual perspective provide an insight into the gas value system from exploration, production to transport and sale of gas.
3. Drivers of investment in the electricity sector examines what is driving investment in specific electricity generating technologies, with a particular focus on renewables and power sector transformation more broadly
4. Climate policy and the EU emissions trading scheme provide conceptual and empirical insights into international climate policy, the European Union Emissions Trading System (EU ETS), and economic implications for the power sector
5. Wholesale power markets and price formation mechanisms explains how European power markets work, how they have developed, how prices are formed on these markets, what are the challenges ahead
6. The European electricity market: a transmission system operator perspective explains the organization and evolution of a liberalized power system beyond the wholesale energy market and present the European power system as an integrated system.
7. Energy modelling and energy scenarios  gives an overview of existing prospective energy demand and supply models and how models can be used to develop scenarios or test the impact of policy measures.
8. Demand response presents  the various barriers and opportunities to value and monetize Demand Response today
9. Energy efficiency provide insights into macro and micro economic aspects of energy efficiency
 

The course mobilizes professors from GEM: Joachim Schleich, Fabrice Arroyo and Mark Olsthoorn and many external guests. Previous sessions for instance welcomed: Emmanuel Hache from IFP Energie Nouvelles, Matthew Wittenstein from the International Energy Agency, Martin Wietschel from Fraunhofer ISI, Elies Lahmar from EPEX Spot, Anne-Sophie Chamoy from Energy Pool.

Updated on 01 October 2021 at 3h08 pm