Checking date: 27/06/2022

Course: 2022/2023

Regulation of energy markets and cost-benefit analysis
Study: Bachelor in Energy Engineering (280)

Coordinating teacher: USAOLA GARCIA, JULIO

Department assigned to the subject: Department of Electrical Engineering

Type: Compulsory
ECTS Credits: 6.0 ECTS


Requirements (Subjects that are assumed to be known)
Principles of economics: markets and financial failures Transmission and distribution of energy
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. Energy and the Sustainable Energy Goals.
Skills and learning outcomes
Description of contents: programme
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 Decarbonization of energy systems and Sustainable Development Goals (SDGs). Emissions markets. Electric system. Characteristics. Optimization of costs in the electrical system. 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 and methodology
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.
Assessment System
  • % end-of-term-examination 40
  • % of continuous assessment (assigments, laboratory, practicals...) 60
Calendar of Continuous assessment
Basic Bibliography
  • Bhattacharyya, S.C. Energy Economics: Concepts, Issues, Markets , and Governance. Springer Verlag, London . 2019
  • D. S. Kirschen and G. Strbac. Fundamentals of power system economics. Wiley. 2019
  • I. Pérez-Arriaga, Ed.. Regulation of the power sector. Springer. 2013
  • Peter Zweifel Aaron Praktiknjo Georg Erdmann. Energy Economics. Springer. 2017
Recursos electrónicosElectronic Resources *
Additional Bibliography
  • A.E. Boardman, D.H. Greenberg, A.R. Vining, D.L. Weimer. Cost-Benefit Analysis. Pearson - Prentice Hall2011.
  • P.A. Schwarz. Energy Economics. Routledge. 2018
  • S. Managy, K. Kuriyama. Environmental Economics. Routledge. 2017
Recursos electrónicosElectronic Resources *
(*) Access to some electronic resources may be restricted to members of the university community and require validation through Campus Global. If you try to connect from outside of the University you will need to set up a VPN

The course syllabus may change due academic events or other reasons.