Course Catalogue

This course covers recent advances in the field of energy economics, with emphasis on the market design issues that arise in electricity markets as renewable energies become the dominant technology. The course will start with an overview of electricity markets in practice, together with a discussion of the main regulatory challenges currently under debate. Three sets of topics will follow:

(i) Competition in short-run electricity markets.
(ii) Optimal design of long-term contracts for renewable energy investments.
(iii) Role and impact of energy storage and demand-side policies aimed at counteracting the volatility of renewable energies.

Methodologically, the course will rely on applied theory models combined with empirical applications. Throughout the course, students will be encouraged to identify key research questions within this field.

The course consists of four days of lectures and sessions for the students to present their own research.