Autenticação

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Electric Energy Markets

Code:

MEC111013

Sigla:

MEE

Áreas Científicas
Classificação	Área Científica
OFICIAL	Electric Power Systems

Ocorrência: 2022/2023 - 1S

Ativa?	Yes
Unidade Responsável:	Departamento de Engenharia Eletrotécnica
Curso/CE Responsável:

Ciclos de Estudo/Cursos

Sigla	Nº de Estudantes	Plano de Estudos	Anos Curriculares	Créditos UCN	Créditos ECTS	Horas de Contacto	Horas Totais
MEEC	6	Plano de Estudos_2020	1	-	7,5	60	202,5

Língua de trabalho

Portuguese

Objetivos

This course is intended to provide students with knowledge and tools for analyzing the functioning of energy markets, and in particular the electricity markets.

Resultados de aprendizagem e competências

It is intended that in the end, students:

- Possess fundamental instruments for understanding the world energy markets;

- Have developed an overview of the problems inherent to the regulation of national and international energy markets;

- Understand the fundamental issues related to the restructuring of the electricity sector as well as the theoretical bases of the principles that led to the restructuring;

- Be able to identify the main characteristics of the Portuguese energy market;

- Understand the basics of management of electrical energy systems as well as the implications of renewable generation in the formation of electricity prices.

Modo de trabalho

Presencial

Programa

1)Global crude oil markets.

2)Global natural gas markets

3) Regulation of an electric power utility

4)Restructuring and deregulation of the electricity sector

5) Restructuring models

6) Electricity market in Portugal

7) Economy of generation, transport and distribution

8) Economic dispatch

9) Economic challenges with the integration of renewable resources

10) Real-time, day-ahead energy markets

11) Capacity markets and ancillary services.

Bibliografia Obrigatória

Agência Internacional de Energia; Competition in Electricity Markets, 2001

Observações Bibliográficas

No books are prescribed for UC and presentations. The bibliography includes material from a wide range of sources covering different aspects of smart grids. References to related and supplementary books, reading material and video will be provided when deemed necessary. However, additional resources based on the following references will be used:
Competition in Electricity Markets, International Energy Agency, 2001.
Fereidoon P. Sioshansi, Wolfgang Pfaffenberger, “Electricity Market Reform – An international perspective”, Elsevier, ISBN: 0-08-044550-0, 2004.
Regulatory Institutions in Liberalized Electricity Markets, International Energy Agency, 2001.
Bern, G. (2011). Investing in Energy: A Primer on the Economics of the Energy Industry, Wiley, ISBN: 978-1-57660-375-8.
Bhattacharyya, S.C. (2011). Energy Economics, Concepts, Issues, Markets and Governance. Springer, ISBN: 978-0-85729-267-4.
Murray, B. (2009). Power Markets and Economics: Energy Costs, Trading, Emissions. Wiley, ISBN: 978-0-470-77966-8.
Rojey, A. (2009). Energy and Climate: How to achieve a successful energy transition. Wiley, ISBN: 978-0-470-74427-7.
Different legislation in force (European and National)

Métodos de ensino e atividades de aprendizagem

Theoretical concepts are taught according to a dialogued expository method using computer technologies: Power-Point, Excel, Power BI and Internet, among others.

Tipo de avaliação

Distributed evaluation with final exam

Componentes de Avaliação

Designation	Peso (%)
Participação presencial	5,00
Apresentação/discussão de um trabalho científico	5,00
Teste	40,00
Trabalho escrito	50,00
Total:	100,00

Componentes de Ocupação

Designation	Tempo (Horas)
Apresentação/discussão de um trabalho científico	10,00
Estudo autónomo	25,00
Frequência das aulas	50,00
Trabalho escrito	15,00
Total:	100,00

Obtenção de frequência

-Approval Conditions: The assessment will consist of a mixed system of individual assessment by test and by preparation, presentation and discussion of research papers, in groups.

-Theoretical component: carrying out a theoretical test (40% for the final grade, with a minimum grade of 7), possibly also being replaced by a work.

-Practical component: realization of 3 works, distributed by:

Research reports: include a short individual research with class presentation, on topics relevant to energy markets (2x12.5% ​​for the final grade);

Literature Review: A literature review report and presentation on a topic of choice relevant to the topic of Energy markets. (5% for the presentation and 25% for the report).

Attendance in classes and presentations: the presence and participation in classes and presentations of both the teacher and colleagues will be valued (5% towards the final grade).

Approval Conditions: The final grade of the discipline will be calculated by: NF=0.4*NT+0.6*NP or NF=NE

- Theoretical score (NT): the minimum test score is 7 values ​​(without rounding), with a weight of 40%. In the case of a mixed situation, the NP will be as specified above.

- Final exam grade (NE) must be equal to or greater than 10 values.

- Practical grade (NP): calculated based on the completion of work with an average equal to or greater than 10 values ​​with a weight of 60%.

Fórmula de cálculo da classificação final

The final grade of the course will be calculated by: NF=0.4*NT+0.6*NP or NF=NE