The material taught in the first part of this course will lead the students to acquire the ability to model de demand and the supply of energy and to address the difficulties faced to match the supply of energy produced with the amount of energy demanded at different time periods (hours, days, weeks, months, years, etc.). Regarding the electricity sector, the main role played by the system operator (REE) will be discussed.
Financial decisions and alternative portfolio investment considerations are important issues in any company. Therefore, in the second part of this course financial decision related to asset and risk management are addressed. The risk management tools required to evaluate decisions in the energy sector are in many cases similar to the ones used by financial companies, but in other cases are different. In particular, the evaluation of the risks faced by companies of the electricity sector when selecting different technologies in the generation of electricity, using alternative natural resources or raw materials, might require the use of risk management techniques. Simulation of different energy scenarios.