5.00 credits
30.0 h + 22.5 h
Q2
Teacher(s)
de Maere d'Aertrycke Gauthier (compensates Papavasiliou Anthony); Papavasiliou Anthony;
Language
English
Prerequisites
- Fluency in English at the level of course LANGL1330.
- Optimization (linear programming, KKT conditions, duality)
- Microeconomic theory (not necessary but helpful)
Main themes
- Electricity market design
- Modeling of energy markets
- Operations research applications in energy markets
- Contemporary problems (renewable energy integration, demand response integration, capacity investment and risk management)
Learning outcomes
At the end of this learning unit, the student is able to : | |
| 1 |
With reference to the AA (Acquis d'Apprentissage) reference, this course contributes to the acquisition of the following learning outcomes:
|
Content
- Place of energy system in the economy, energy mix and public objectives of decarbonization : solutions and challenges
- Organisation and modelisation of electricity market : production, transmission, investissement
- Social cost of carbon. Organisation and modelisation of CO2 emission market. Introduction to general equilibrium model.
- Economic : Corporate finance and computation of investment financing . Economic Equilibrium theory (perfect and imperfect competition) Impact of externalities, Risk quantification, coalition theory and stability
- Mathematics: Optimisation/Duality (complementarity conditions), Nash equilibrium, Convex hull
Teaching methods
2 hours lecture per week and 2 hours working exercies. Assignements will be evaluated by the teacher or the teaching assistant.
Evaluation methods
- Written and/or oral exam | Regular assignments
Other information
None
Online resources
Bibliography
- Impressions de manuels ou articles fournis au cours. Quelques lectures qui pourraient être utiles en tant que support : Steven S. Stoft, "Power System Economics" / Daniel S. Kirschen, Goran Strbac, "Power System Economics"
Faculty or entity
MAP
