Bidding in deregulated electricity markets

ENE466 Bidding in deregulated electricity markets

  • Topics

    Topics

    • Auctions in deregulated electricity markets
    • Bidding formats
    • Calculation of market equilibria and prices
    • Existence of market clearing prices and/or price functions and their effect on the transparency of the market
    • Bidding strategies for market participants

  • Learning outcome

    Learning outcome

    • Understand why different bidding formats exists in deregulated electricity markets.
    • Understand the pricing consequences of complex bidding formats.
    • Understand how the available bidding formats in electricity auctions affect the various market participants, consumers, producers and the market responsible.

  • Teaching

    Teaching

    A seminar lasting one week

  • Requirements for course approval

    Requirements for course approval

    Active participation in class

  • Assessment

    Assessment

    A short term paper to be handed in at most one week after the seminar has finished

  • Grading Scale

    Grading Scale

    Pass-Fail

  • Semester

    Semester

    Spring

  • Literature

    Literature

    Euphemia public description available on Nordpools webpage, PJM market information available on PJM webpage, journal articles on pricing with blockbids made available for the students during course.

Overview

ECTS Credits
2.5
Teaching language
English
Semester
Spring

Course responsible

Professor Kurt Jörnsten, Department of Business and Management Science