Energy Market

Description

This course aims to provide graduate students of the electric and control engineering department with the knowledge and understanding of how energy markets work. The course will commence with the presentation of information on how regular electricity financial markets work and how the price formation process evolves in modern financial and energy markets. The course also examine the major energy security challenges of the 21st century within national and global contexts.

Program

PhD in Electrical & Control Engineering

Objectives

• On completion of this course, the student will be able to;  Develop an understanding of the nature of financial/energy markets.  Recognise and develop an appreciation of the key global and regional energy markets.  Develop an understanding of how prices are formed in dynamic energy markets.  Know and be able to apply economic tools used for analyzing energy market.  Be able to calculate Levelized Cost of Energy (LCOE) and forecast its constituent elements, as well as be able to make appropriate economical comparisons using LCOE for different energy types.