The energy crisis that was triggered by the Russian war in Ukraine has led European power markets to unprecedented levels of prices and stress. It has also led to wide ranging policy interventions and calls for reforms of the wholesale electricity market design.
The course gathers a group of senior practitioners to discuss and share experiences about both the economic and political forces that drive the debate on the evolution of power and carbon markets to enable and support the decarbonisation of the power sector.
The course builds on key economic principles and an interactive approach to discuss current policy debates on the reform of electricity markets, the implementation of RePower EU and Clean Energy Package, the introduction of capacity mechanisms, scarcity pricing, the reforms of bidding zones, as well as the reform of renewable support mechanisms and the European Emission Trading Scheme.
The FSR Executive Course directed by Thomas-Olivier Léautier (TSE and TotalEnergies) and Fabien Roques (FSR, University Paris Dauphine and Compass Lexecon) discusses the micro-economics of wholesale power and carbon markets and their implications for the restructuring of European electricity markets.
Take part in this course by the Florence School of Regulation and find answers to these burning questions:
Impact of the current crisis
Fundamentals
The aim of the course is:
This blended training will be divided in 3 modules:
Module 1 (9 May – 23 May 2023): Theory of power markets and carbon pricing (Online)
Online readings and video lectures on the course platform.
9 May 2023
Theory: The fundamental concepts of micro-economics of wholesale electricity markets
Topics: Long term supply and demand balance in electricity markets; Designing wholesale physical electricity markets; Market design and system operation; Market power, price caps, and missing money; Markets, policies, and hybrid models; Support mechanisms for clean technologies; Emissions trading and the ETS
Module 2 (25 May – 26 May 2023): Practice – Power markets and carbon trading in practice (Residential)
Residential lectures in Florence on the reform of the European electricity market architecture.
Course Program:
25 May 2023
26 May 2023
Module 3 (9 or 13 June 2023 – TBC): Case Studies (Online)
Online webinars by experts in the field.
9 or 13 June 2023 (TBC)
Theory: The fundamental concepts of micro-economics of wholesale electricity markets
Long term supply and demand balance in electricity markets
Designing wholesale physical electricity markets
Market design and system operation
Market power, price caps, and missing money
Markets, policies, and hybrid models
Support mechanisms for clean technologies
Emissions trading and the ETS
After the training participant will be able to:
Registration is open to all professional from the energy sector. The training is designed for experienced managers and targets professionals from energy companies, both utilities, TSOs and DSOs, NGOs, and representatives from National and European Regulatory Authorities, but also academics and researchers.
Please note that the training course is given in English and basic knowledge of engineering or economics is highly recommended.
Please do note that this is an Executive Course and only participants that meet the specific target requirements will be admitted. Participants are required to enclose to their registration form a short CV (max. 2 pages). Participants will receive a response regarding their admission two weeks after the registration deadline.
At the end of the course, participants will receive a Certificate of Participation.
Please note that both parts of the courses (online and residential) are mandatory to successfully complete it.
Each year, the Florence School of Regulation – Energy and Climate (FSR Energy & Climate) awards scholarships for a wide variety of training courses targeting a broad audience of professionals and academics.
Applications will be assessed by a Selection Committee of FSR members on a yearly basis. The successful candidates will be informed by the end of February 2023 and will be provided with all relevant information on how to enroll in the online course or residential training of their choice.
Send your application by 31 January 2023.
Fees
Contacts: fsr.conferences@eui.eu
The course fee includes:
The course will have an online part and a residential part in Florence. It will include recorded lectures, interactive live sessions, and group work activity. Both parts of the courses are mandatory to successfully complete it. Please note that the course fee will only cover one dinner and one lunch, but not travel and accommodation costs. During the residential course, a shuttle bus will depart from Piazza Santa Maria Novella to reach the EUI premises.
Cancellation policy
Paid registration fee is non-refundable. However, registrant substitution may be made up to 20 days before the start date of the course.
Learn how to master electricity markets and key issues around their reform. This course gathers a group of senior practitioners to discuss and share experiences about both the economic and political forces that drive the debate on the evolution of power and carbon markets to enable and support the decarbonisation of the power sector.
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