Duration
30h Th
Number of credits
Lecturer
Language(s) of instruction
English language
Organisation and examination
Teaching in the first semester, review in January
Schedule
Units courses prerequisite and corequisite
Prerequisite or corequisite units are presented within each program
Learning unit contents
Climate change is one of the major challenges we face today, and the majority of CO2 emissions are linked to energy consumption and production. To decarbonize the economy, we must transition to zero-carbon energy sources - a fundamental transformation.
The Energy Economics course aims to provide tools to better understand how energy markets operate and how the energy system can evolve toward a decarbonized economy.
Using microeconomic tools, the course offers a conceptual framework and is enriched with numerous real-world examples. Guest speakers from the industry will share their expertise, giving students insights into how energy markets function in practice.
Course content:
1. An introduction to energy economics
2. Production technologies
A centralized electricity system
Renewable energies
Hydrogen
Nuclear
3. Market design and pricing
Liberalization of the market
Wholesale markets
Dynamic pricing
4. Regulation of networks
Basic principles
Incentive regulation
Regulation in practice
5. Decentralized production and consumer participation
The economic of prosumers
Energy communities
6. Energy and climate
Learning outcomes of the learning unit
Prerequisite knowledge and skills
Energy economics is a master course in economics. To attend, students should have followed an intermediate microeconomics course and preferably an econometric course.
Planned learning activities and teaching methods
We will have the following activities:
- In class teaching by the professor (2/3)
- Classes by guest lecturers from the industry (1/3)
Mode of delivery (face to face, distance learning, hybrid learning)
Face-to-face course
Further information:
face to face & no podcast
Course materials and recommended or required readings
Platform(s) used for course materials:
- LOL@
Exam(s) in session
Any session
- In-person
written exam AND oral exam
Written work / report
Further information:
Final examination:
Exam (75%)
Essay (25%) + oral defense
Work placement(s)
Organisational remarks and main changes to the course
Contacts
Teacher Axel Gautier
Email: agautier@uliege.be
TA: Voahary Andriamaromanana
Email: VI.Andriamaromanana@uliege.be