Energy Economics
A.Y. 2023/2024
Learning objectives
This course provides an introduction to the principles of energy economics, with a focus on policy applications. It explores the theoretical and empirical perspectives on individual and industrial demand for energy, energy supply, energy markets, and public policies affecting energy markets. It discusses aspects of the oil, natural gas, electricity, renewables, and nuclear power sectors and examines energy tax, price regulation, deregulation, energy efficiency and policies for controlling emissions.
Expected learning outcomes
At the end of the course students will able to analyze energy-related issues from an economic perspective using the economist's toolbox. Students will be able to identify the energy problem and its economic consequences and to suggest the policy measures to deal with it. They are expected to be able to autonomously analyze an economic problem involving energy resources in a rigorous way, explain the main concepts of energy economics, autonomously develop further knowledge related to energy, and communicate economic analyses on energy and natural resources.
Lesson period: First semester
Assessment methods: Esame
Assessment result: voto verbalizzato in trentesimi
Single course
This course can be attended as a single course.
Course syllabus and organization
Single session
Responsible
Lesson period
First semester
Course syllabus
Introduction: the challenge of energy transition
Energy balance and energy demand
Overview of the World Energy
Electricity Markets and power generation I: basic principles and main elements of the power sector
Electricity Markets and power generation II: alternative organisational structure and market designs
Electricity Markets III: networks, regional integration and innovation
RES (Renewable Energy Sources) technologies: basic technical issues (wind, solar, biomass, hydro, marine, geothermal, etc), competitiveness and decentralized solutions
Integrating RES in electricity markets: support (quota, feed-in tariffs, net metering, auctions), enabling environment (storage and ancillary servieces) and innovation
Carbon markets and energy saving
Natural gas markets
Oil markets
The other side of energy sustainability: energy access in developing Countries
Energy balance and energy demand
Overview of the World Energy
Electricity Markets and power generation I: basic principles and main elements of the power sector
Electricity Markets and power generation II: alternative organisational structure and market designs
Electricity Markets III: networks, regional integration and innovation
RES (Renewable Energy Sources) technologies: basic technical issues (wind, solar, biomass, hydro, marine, geothermal, etc), competitiveness and decentralized solutions
Integrating RES in electricity markets: support (quota, feed-in tariffs, net metering, auctions), enabling environment (storage and ancillary servieces) and innovation
Carbon markets and energy saving
Natural gas markets
Oil markets
The other side of energy sustainability: energy access in developing Countries
Prerequisites for admission
None
Teaching methods
Lectures
Teaching Resources
Slides and readings on ARIEL
Assessment methods and Criteria
Written exam and project work for those attending
Professor(s)