ELEC0018-1 - Energy markets

Welcome to the Energy Markets class!

General information about this class can be found on the ULiège website.

People from the private or the public sector are welcomed to attend it. Registration is free.

The teaching assistants for the class are Thibaut Théate, Antoine Dubois and Adrien Bolland.

Course Online

Most lessons and workshops will be recorded and accessible via this link.

Lessons schedule

This class will be given during the first semester on Wednesday morning in Room R21 of the Montefiore Institute (B28).

Each lesson will start at 8:30 am.

This tentative schedule is subject to change.

Date	Activity	Topic(s)	Speaker
16/09/20	Lesson 1	Introduction and basics concepts from economics Measures of cost for electrical energy Structure of the domestic electricity bill	Damien Ernst
	Workshop 0	Workshops Organization	TAs
23/09/20	Lesson 2	Markets for electrical energy	Damien Ernst
	Workshop 1	Energy Markets Overview	Thibaut Théate
30/09/20	Lesson 3	Participating in electricity markets	Damien Ernst
	Workshop 2	Day-ahead market part 1	Adrien Bolland
07/10/20	Lesson 4	System security and ancillary services	Damien Ernst
	Workshop 3	Day-ahead market part 2	Adrien Bolland
14/10/20	Lesson 5	Trading over the electricity network	Damien Ernst
	Workshop 4	Project presentation and programming tools	TAs
21/10/20	External Speaker 1		Undefined
	Workshop 5	Assignment Q&A	TAs
28/10/20	External speaker 2		Undefined
	Workshop 6	Assignment Q&A	TAs
04/11/20	Toussaint	/	/
11/11/20	Armistice	/	/
18/11/20	External speaker 3		Undefined
	Workshop 8	Assignment Q&A	TAs
25/11/20	External speaker 4		Undefined
	Workshop 9	Assignment Q&A	TAs
02/12/20	Deadline	Assignment submission
09/12/20	Workshop 10	Assignment evaluation
16/12/20	Workshop 11	Assignment feedback

Talks from previous years

28/10/2019 – Frédérik Demaret (EDF Luminus): Energy Trading
18/11/2019 – Bertrand Cornélusse (ULG): How does the European day-ahead electricity market work?
25/11/2019 – Jacques Gheury (CREG): Etude sur les moyens à mettre en œuvre pour faciliter l’accès à la gestion de la demande en Belgique.

Suggested supplementary readings

To further your understanding of the concepts presented in each lesson, a list of suggested articles is provided. Each of those is accompanied by a series of questions to help you identify the most important aspects that are discussed.

Lesson	Suggested reading	Questions
1	The merit-order effect: A detailed analysis of the price effect of renewable electricity generation on spot market prices in Germany	Link
2	Competition in the British Electricity Spot Market	Link
3	Optimal bidding strategies for competitive generators and large consumers	Link
4	A Comparison of Nash Equilibria Analysis and Agent-Based Modelling for Power Markets	Link
5	Using fleets of electric-drive vehicles for grid support	Link
6	Design and operation of the locational marginal prices-based electricity markets	Link

Note: (i) some of the linked material may only be available from within the ULiege network. Connect to ULiege’s VPN for remote access (ii) the research papers need to be studied for the assignment date.

Assignment

Details about the course assignment will be provided in due time.

Exam

Details about the exam will be provided in due time.