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Ecole nationale supérieure de l'Énergie, l'Eau et l'Environnement
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Engineering school in energy, water and environment
Our engineering & master degrees
Our engineering & master degrees

> Studies > ENSE3_EN-International-master

Energy Markets and New Stakeholders - 5EUS5IME

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  • Number of hours

    • Lectures : 36.0
    • Tutorials : 10.0
    • Laboratory works : 14.0
    • Projects : -
    • Internship : -
    ECTS : 5.0
  • Officials : Oana IONESCU

Goals

This module aims to introduce students to the main features of international energy markets, energy trading mechanism and characterization of the competitive framework with new industrial players.
nergy Financial Markets (O.Ionescu)
Energy Investments under uncertainty (O.Ionescu)
Prosumer engagement in smart grids (A. Malot)

Content

Energy Financial Markets (O.Ionescu)

This Course Unit aims then to enable students to discover the field of finance and identify the challenges of this sector and underlying mathematical tools like tools and methods used for different types of transactions related to energy markets for states and industrial users. Mainly, the students will be able to:
• understand the concepts and techniques of asset pricing and portfolio management.
• identify new market players and assess their role in a new market design
• compare and construct different strategies of energy trading and risk management
• practice through numerical illustration (Excel, Matlab)
Energy Investments under uncertainty (O.Ionescu)

This course aims to introduce students to theoretical aspects of dynamic optimization and considers implications of real options theory to decision-making process. Applications will focus on problems in energy and environmental economics.
• remind the classical approach of Net Present Value
• model a decision making-process related to energy investments under uncertainty
• contrast different investment strategies in order to choose the optimal one
• determine the optimal time to invest and the option value
• practice through numerical illustration (Excel, Matlab)
Prosumer engagement in smart grids (A. Malot)
Learning outcomes:
identify new market players and assess their role in a new market design
Identify prosumer models, DER, energy communities (enablers/ barriers)

Prerequisites

Course Unit of Energy Economics (SEM 2A)

Tests

Session normale/First session
Contrôle continu/ Continous assesment (CC) : exposés, rapports, participation orale/ expos, reports, oral participation
Contrôle terminal/ Final exam (CT) : épreuve écrite de 2h/ written examination 2h

Session de rattrapage/ 2nd Session
La note obtenue remplace la note de CT / Another written exam will replace the first one (CT)
Le CC n'est pas rattrapable / No retake for CC

CC 60% + CT 40%

The exam is given in english only FR

Calendar

The course exists in the following branches:

see the course schedule for 2021-2022

Additional Information

Course ID : 5EUS5IME
Course language(s): FR

You can find this course among all other courses.

Bibliography

REFERENCES BIBLIOGRAPHIQUES

Kirschen, Daniel Sadi; Strbac, Goran. Fundamentals of power system economics. Chichester [etc.]: John Wiley & Sons, cop. 2004. ISBN 0470845724.
Hull, J., "Options, futures et autres actifs dérivés", 5ième édition, Pearson Education
Hansen, JP, Percebois, J, Energie : Economie et politiques 3ème ed, Mai 2019
Inkpen, A., Moffett, M.H, The Global Oil & Gas Industry: Management, Strategy and Finance, 2011
Kholb R.W, Overdhal J.A, "Understanding Futures Markets", 6th Edition, Blackwell publishing BUSCHNELL
Min Liu and Felix F. Wu, « Managing Price Risk in a Multimarket Environment », IEEE Transactions on Power Systems, Vol. 21, n°. 4, November 2006

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Date of update February 8, 2017

Université Grenoble Alpes