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Energy Trading & Market Processes
level of course unit
Introduction and consolidationLearning outcomes of course unit
The students are able to:
• recognize the interrelationships of factors influencing energy markets
• consider factors influencing the wholesale prices of electricity and gas
• transfer market processes for the provision of system services to energy portfolios
• use trading cascades in energy trading
• consider volatilities and optionalities in the energy market
• illustrate factors influencing price formation in the electricity market using the merit order
• consider the influence of CO2 on trading markets
• recognize the interrelationships of factors influencing energy markets
• consider factors influencing the wholesale prices of electricity and gas
• transfer market processes for the provision of system services to energy portfolios
• use trading cascades in energy trading
• consider volatilities and optionalities in the energy market
• illustrate factors influencing price formation in the electricity market using the merit order
• consider the influence of CO2 on trading markets
prerequisites and co-requisites
none
course contents
• Trading cascade in the electricity and gas market
• Different markets for system services
• Fundamental factors influencing energy markets
• Markets for renewable energy sources
• Commodity futures trading
• Exchange vs. OTC
• OTC contracts
• CO2 trading markets
• Factors influencing the electricity price
• Merit order principle
• Different markets for system services
• Fundamental factors influencing energy markets
• Markets for renewable energy sources
• Commodity futures trading
• Exchange vs. OTC
• OTC contracts
• CO2 trading markets
• Factors influencing the electricity price
• Merit order principle
recommended or required reading
Schwintowsky, H., 2018. Handbuch Energiehandel. 4. Auflage. Berlin: Erich Schmidt Verlag
• Zenke, I. und R. Schäfer, 2018. Energiehandel in Europa: Öl, Gas, Strom, Derivate, Zertifikate. 4. Auflage. München: C.H.Beck Verlag
• Ströbele, W., W. Pfaffenberger, und M. Heuterkes, 2012. Energiewirtschaft: Einführung in Theorie und Politik. Oldenbourg: Wissenschaftsverlag
• Zenke, I. und R. Schäfer, 2018. Energiehandel in Europa: Öl, Gas, Strom, Derivate, Zertifikate. 4. Auflage. München: C.H.Beck Verlag
• Ströbele, W., W. Pfaffenberger, und M. Heuterkes, 2012. Energiewirtschaft: Einführung in Theorie und Politik. Oldenbourg: Wissenschaftsverlag
assessment methods and criteria
written exam
language of instruction
Germannumber of ECTS credits allocated
5eLearning quota in percent
30course-hours-per-week (chw)
2.5planned learning activities and teaching methods
Blended Learning
