Energy Markets

Lectures with projection of theoretical slides on different subjects.
Theoretical and practical lessons with resolution of different exercises/real problems.
Laboratorial classroom lessons with resolution of different exercises/real problems.
Specific topic industrial seminars (2).
Laboratory work in group (50% of the evaluation);
Final written exam (50% of the evaluation, minimum of 40%).

Analyze the most relevant models that have been used to form the new skeleton of power systems: restructuring of
tariff systems; the Portuguese electricity sector and the MIBEL; regulation and regulatory approaches; the basic
economics and engineering used to design power markets; nodal marginal pricing; and investment analysis;
Analyze the natural gas coal, oil and renewable energy market;
An important objective of this course is to contribute to develop the capacity of the students to work autonomously,
to do bibliographic research, to prepare written reports and to deliver oral presentations.
At the end of this course unit the learner is expected to be able:
To understand the Market structures of electricity.
To understand the standard principles of bilateral markets, exchanges and pools.
To understand the natural gas, coal, oil and renewable energy market.
To understand the basic economics and engineering used to design energy markets.

1. Evolution of energy systems in a market environment.
2. Market structures of electricity.
3. Regulatory policies.
4. Methods of assessment and justification of spot prices.
5. Markets energy production.
6. Tariff systems.
7. Structure and operation of MIBEL.
8. World energy situation.
9. Natural Gas Market.
10. Coal Market.
11. Oil Market.
12. Renewable Energy Market.

NAO