13522 - Energy Management Modulübersicht

Module Number: 13522
Module Title:Energy Management
  Energiemanagement
Department: Faculty 3 - Mechanical Engineering, Electrical and Energy Systems
Responsible Staff Member:
  • Prof. Dr. Müsgens, Felix
Language of Teaching / Examination:English
Duration:1 semester
Frequency of Offer: Every summer semester
Credits: 6
Learning Outcome:The module enables students to assess the energy supply and distribution of a company. Furthermore, they are able to evaluate different consumption profiles. They have knowledge of supply options (markets and products), can structure a supply portfolio (portfolio management) and classify related risks (risk management).

In addition, the students learn how to manage a portfolio with power plants (make-or-buy, power plant dispatch optimization) and market flexibility (tendering of control reserve).
Contents:
  • Markets for energy supply
  • Products (forwards, futures and options)
  • Insight into practice: One day on a trading floor
  • Energy distribution
  • Optimal management of an open position
  • Interaction between supply and distribution
  • Performance measuring in energy utilities
  • Risk management: Price risks, Quantity risks, Credit risks, Other risks
  • Handling of autoproduction
  • Portfolio management of natural gas
  • Power plant dispatch optimization and tendering of control reserve
Recommended Prerequisites:Basic knowledge about the formation of prices on electricity markets (in particular about the "merit order" on the supply side and "seasonality" on the demand side). These can be acquired by literature study or participation in one of the following courses of the modules:
  • 35101 Allgemeine Energiewirtschaft II or
  • 35303 Power System Economics I
Mandatory Prerequisites:No successful participation in associated phase-out module 11698 Energiemanagement.
Forms of Teaching and Proportion:
  • Lecture / 2 Hours per Week per Semester
  • Exercise / 2 Hours per Week per Semester
  • Self organised studies / 120 Hours
Teaching Materials and Literature:
  • Script (slides)
Module Examination:Final Module Examination (MAP)
Assessment Mode for Module Examination:
  • Written examination, 90 minutes
Evaluation of Module Examination:Performance Verification – graded
Limited Number of Participants:None
Part of the Study Programme:
  • Master (research-oriented) / Betriebswirtschaftslehre / PO 2017
  • Master (research-oriented) / Energietechnik und Energiewirtschaft / PO 2021
  • Bachelor (research-oriented) / Wirtschaftsingenieurwesen / PO 2008
  • Master (research-oriented) / Wirtschaftsingenieurwesen / PO 2008
  • Master (research-oriented) / Wirtschaftsingenieurwesen / PO 2019
Remarks:None
Module Components:
  • VL Energy Management
  • Ü Energy Management
  • P Energy Management
Components to be offered in the Current Semester: