Energy Markets

FaculteitFaculty of Geosciences

NiveauBachelor

Studiejaar2026-2027

Beschrijving

Course goals

The course aims to provide students with a clear understanding of how basic economic principles, technical constraints, and sustainability goals shape the design, operation, and outcomes of markets for energy commodities, namely, electricity and natural gas.

Please note: the information in the course manual is binding.

Content

The course first illustrates how the price of energy is set at the wholesale and retail level and how this price accounts for technical constraints and environmental policies (taxes/cap-and-trade).
Then, the course explores how market agents interact in these markets and, most importantly, the potential consequences of such behaviour on society at large (e.g., on the level of prices paid by final users and on investments in renewable technologies, etc.).
While students acquire skills for making optimal techno-economic decisions in other courses, this course takes them a step further and they will learn that the outcome of their individually optimal choices strongly depends on the decisions made by others (competition and cooperation are both possible).
In line with the inherently multidisciplinary approach required for the energy transition, the course offers students from different tracks the opportunity to productively work together and learn from one another.

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