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Level
Semester
Credits
Workload
Language
Bac+4/+5
Fall
6 ECTS
150 hours
English
Objectives
This course aims at giving students an overview of energy economics. In the first part, we discuss
how electric power producers, system operators and retailers interact to ensure economic and reliable power delivery to their customers. In the second part, we cover energy transition issues, from
primary energy sources to current energy policy options and their consequences.
Contrary to other engineering courses that only focus on technical aspects, ER59 considers the
impact of economics on technical decisions, and vice versa. After completing the course, students
should be able to:
Explain why and how the electricity sector was restructured,
Describe and compare the various types of electricity markets and contracts,
Establish basic strategies for participating in markets,
Describe how power systems and markets impact each other,
Optimize the operation of a portfolio of plants,
Evaluate generation and transmission investment projects,
1
Conduct a basic analysis of primary energy markets (oil, gas, coal, uranium),
Explain why and how climate change is happening and what are its consequences,
Describe the challenges and opportunities related to the transition to sustainable energy,
Analyze energy policies and their consequences.
This course is especially useful for students intending to work in the fields of power generation and
power systems.
Organization
No.
Lecture title
Part I: Electric power economics
1
2
6
7
9
10
Climate change
11
Renewable energy
12
Energy policy
Table 1: List of lectures.
No.
Lab title
Trading simulation
4
5
6
7
8
9
10
11
12
Table 2: List of labs.
Pre-requisites
There is no pre-requisite for taking ER59. We do however highly recommend EL47 (basics of power
systems). The following other courses/skills are beneficial but not required:
OI43: Matlab programming,
ER53: power plant fundamentals,
ER56: power plant operations and maintenance,
ER57: power system analysis and control.
Instructors
Course coordinator and instructor: Dr. Robin Roche
Contact: robin.roche@utbm.fr Room F244
Office hours: by appointment
Guest instructor: TBD, if any
Further instructions may be sent to students via the course mailing list (er59@utbm.fr). Students
who enrolled late might not be included in the mailing list, and must inform the course coordinator.
Course website
The course website is available at the following address: http://robinroche.com/er59. Lecture
slides, lab instructions and files, as well as other course-related documents are available there.
Evaluation
Grading
The same grading rules apply to all students, including foreign and exchange students. The final
grade for the course is computed as the weighed average of the items listed in Table 3. All grades
3
are given out of 20 points, with 20/20 being the best possible grade. A grade not verifying any of
the minimum grade conditions will imply a failing grade for the course.
Item
Coefficient
Lab/project reports
50%
Midterm exam
25%
Final exam
25%
7/20
Total
100%
10/20
Attendance
Attendance is compulsory and will be checked during lectures, labs and exams.
Unjustified absences to labs proportionally decreases the maximum grade the student can
obtain for the corresponding lab reports. For example, if a lab project is expected to last for
four lab sessions and the student has two unjustified absences among these four lab sessions,
the maximum grade the student can obtain is 10/20.
Absences may be justified for a variety of reasons, including sickness, internship interviews, or
the funeral of a family member. A valid proof (e.g., a medical certificate) must be provided for
all reasons. Personal comfort reasons, e.g., catching a cheaper plane ticket, are not considered
as valid reasons.
All students are required to take all exams. A student with an unjustified absence will
automatically obtain a grade of 0/20 for the exam and/or the letter grade ABS for the
course.
References