CU11: Electricity Markets
Course Summary
This course unit explores the technical, economic, and regulatory aspects of electricity markets. Students will study electricity generation technologies, market structures, and the operation of liberalized markets. Key topics include economic dispatch, hydrothermal coordination, trading mechanisms such as forward, day-ahead, and intraday markets, and ancillary services. The course addresses market integration, congestion management, investment under uncertainty, and environmental markets, including greenhouse gas emissions trading and sustainability strategies within the European context, particularly focusing on the Iberian Electricity Market (MIBEL).
Course Highlights
- Electricity Generation Technologies and Cost Analysis
- Economic Dispatch and Hydrothermal Coordination
- Liberalized Electricity Market Operations
- Market Integration and Congestion Management
- Investment Strategies under Regulatory Uncertainty
- Environmental Markets and Sustainability Mechanisms
- Applications to the Iberian Electricity Market (MIBEL)
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For detailed syllabus, learning outcomes, assessment methods, and recommended literature, please refer to the official course documentation.