Principles of economics: markets and financial failures Transmission and distribution of ener

Basic knowledge of optimal pricing based on the cost structure of companies and demand. Ability to assess when competitive markets can function without intervention and when the public sector must intervene. Analysis of the economic and social profitability of energy investment projects.

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

Learning activities: Theoretical practical classes Computer classroom practices Tutoring on request Individual or group work of the student Methodology: Presentations by the teacher with computer and audiovisual media support, in which the main concepts of the subject are developed and the bibliography is provided to complement the learning of the students. Resolution of practical cases, problems, etc. raised by the teacher individually or in groups. Exhibition and discussion in class, under the teacher's moderation of topics related to the content of the subject, as well as practical cases. Preparation of works and reports individually or in groups.