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eEnergy: Markets, Services, Systems

eEnergy: Markets, Services, Systems
type: Vorlesung (V) links:
semester: SS 2017
time: 2017-06-01
08:00 - 19:00 täglich
01.93 Seminarraum K1 01.93 Kronenstraße 32

sws: 2
lv-no.: <a target="lvn" href="https://campus.studium.kit.edu/events/4ToX9MqlR22gpIylASQ16Q">2540464</a>
  • Erdmann G, Zweifel P. Energieökonomik, Theorie und Anwendungen. Berlin Heidelberg: Springer; 2007.
  • Grimm V, Ockenfels A, Zoettl G. Strommarktdesign: Zur Ausgestaltung der Auktionsregeln an der EEX *. Zeitschrift für Energiewirtschaft. 2008:147-161.
  • Stoft S. Power System Economics: Designing Markets for Electricity. IEEE; 2002.,
  • Ströbele W, Pfaffenberger W, Heuterkes M. Energiewirtschaft: Einführung in Theorie und Politik. 2nd ed. München: Oldenbourg Verlag; 2010:349.
Content of teaching

Scope of the lecture eEnergy: Markets, Services, Systems is economics and information management in energy markets. Integration of the growing number of renewable energy sources imposes new challenges on energy markets and the power system. To improve coordination between supply and demand it is necessary to interlink centralized and decentralized generators as well as consumers by means of ICT. Current electricity networks are extended by intelligent IT components thus incorporating the "Smart Grid". Existing market structures for electricity have to be adjusted for a successful implementation of demand side management and integration of an increasing number of renewable energy producers as well as electric vehicles. Apart from regulatory and economic concepts, methods for modeling and analysis of energy markets are introduced and explained during the course.

The lecture is structured as follows:

  1. Electricity Markets
    Market Models, EEX (spot and futures market), OTC Trading, Market Coupling
  2. Regulation
    Charges and Incentives, Network Congestion (Management)
  3. Demand Side Management
    Smart Meters, Tariffs, Price Elasticity, Storage Systems, Electric Mobility
  4. Modeling and Analysis of Energy Markets

The lecture has also been added in the IIP Module Basics of Liberalised Energy Markets.


The total workload for this course is approximately 135.0 hours. For further information see German version.


The student

  • understands the tasks and basic structure of the energy economy, in particular concerning electricity markets,
  • understands the change in the energy economy and the necessity for the development of a Smart Grid,
  • knows the market mechanisms in the energy market and their role in coordination and allocation of electric energy,
  • is able to describe the relation between OTC, spot and balancing energy markets,
  • knows the regulation specifications for energy markets and can reflect them critically,
  • is able to model smart grid mechanisms and to evaluate them by simulation based methods.
Exam description

The assessment consists of a written exam (60 min) (according to §4(2), 1 of the examination regulation). By successful completion of the exercises (according to §4(2), 3 of the examination regulation) a bonus can be obtained. If the grade of the written exam is at least 4.0 and at most 1.3, the bonus will improve it by one grade level (i.e. by 0.3 or 0.4). The bonus only applies to the first and second exam of the semester in which it was obtained.