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Regulation of Energy Markets and Cost-Benefit Analysis
OVERVIEW
CEA CAPA Partner Institution: Universidad Carlos III de Madrid
Location: Madrid, Spain
Primary Subject Area: Economics
Instruction in: English
Course Code: 15091
Transcript Source: Partner Institution
Course Details: Level 400
Recommended Semester Credits: 3
Contact Hours: 42
Prerequisites: Principles of economics: markets and financial failures, Transmission and distribution of ener
DESCRIPTION
The energy system in the world and in Spain
Optimal prices and market failures
Fossil fuels. Uses and reserves.
Fossil fuel markets: coal, oil and natural gas. General features
Externalities of energy. Pollution and climate change. Fossil fuel subsidies
Decarbonisation plans. Emission markets.
Electric system. Characteristics. Optimization of costs in the electrical system.
Electric generation planning
Principles of electricity markets. Organized markets and price formation.
Restrictions and zonal prices. Auxiliary services.
Regulated activities: transport and distribution networks.
Retail market - tariffs
LCOE and cost of energy
Return on energy investments and cost-benefit analysis
Optimal prices and market failures
Fossil fuels. Uses and reserves.
Fossil fuel markets: coal, oil and natural gas. General features
Externalities of energy. Pollution and climate change. Fossil fuel subsidies
Decarbonisation plans. Emission markets.
Electric system. Characteristics. Optimization of costs in the electrical system.
Electric generation planning
Principles of electricity markets. Organized markets and price formation.
Restrictions and zonal prices. Auxiliary services.
Regulated activities: transport and distribution networks.
Retail market - tariffs
LCOE and cost of energy
Return on energy investments and cost-benefit analysis
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