35401 - Power System Economics II Modulübersicht

Module Number: 35401
Module Title:Power System Economics II
  Elektrizitätswirtschaft II
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:After attending the module "Power System Economics II," the student will have a deeper understanding of the new economic reality of liberalised energy markets. Furthermore, the student will be familiar with the various submarkets within the power market and how they function.
Contents:
  • The European liberalisation process
  • New requirements of the liberalised power markets
  • The German power market and submarkets
  • Pricing and investment
  • Investment planning in electricity production
  • Emissions from electricity production
  • Electricity transport and distribution
  • Investment and network charges
  • Congestion management
  • Market power
Recommended Prerequisites:Participation at module 35303 - "Power System Economics I" is strongly recommended
Mandatory Prerequisites:None
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)
  • Reference books
  • Stoft, Steven: "Power System Economics", Wiley-Interscience (ISBN: 0-471-15040-1)
  • Shively, B.; Ferrare, J.: "Understanding Today’s Electricity Business", Enerdynamics (ISBN: 0-9741744-1-6)
  • Hensing, I.; Pfaffenberger, W.; Ströbele, W.: "Energiewirtschaft", Vahlen Verlag (ISBN: 3-486-24315-2)
  • Energy sector magazines
Module Examination:Continuous Assessment (MCA)
Assessment Mode for Module Examination:
  • Written examination (duration 60 minutes) 60 %
  • 2 Seminar works including presentation (duration 15 minutes) 40 %
Evaluation of Module Examination:Performance Verification – graded
Limited Number of Participants:None
Part of the Study Programme:
  • Abschluss im Ausland / Betriebswirtschaftslehre / keine PO
  • Master (research-oriented) / Elektrotechnik / PO 2014
  • Master (research-oriented) / Elektrotechnik / PO 2019
  • Master (research-oriented) / Elektrotechnik / PO 2023
  • Master (research-oriented) / Energietechnik und Energiewirtschaft / PO 2021
  • Abschluss im Ausland / Maschinenbau / keine PO
  • Master (research-oriented) / Maschinenbau / PO 2006
  • Abschluss im Ausland / Power Engineering / keine PO
  • Master (research-oriented) / Power Engineering / PO 2016
  • Master (research-oriented) - Double Degree / Power Engineering / PO 2016
  • Structural Doctoral Programme / Power Engineering / PO 2021
  • Abschluss im Ausland / Wirtschaftsingenieurwesen / keine PO
  • Master (research-oriented) / Wirtschaftsingenieurwesen / PO 2008
Remarks:None
Module Components:
  • Power System Economics II (Lecture)
  • Power System Economics II (Exercise)
Components to be offered in the Current Semester: