Wettbewerb auf den Energiemärkten

 

Wettbewerb auf den Energiemärkten (Praktiknjo, 2SWS, SS, de/en)

Before liberalization, energy markets were usually monopolistic in structure. Here, a government authority (regulator) usually authorized the sale of energy to a single company in a concession area. In addition, energy suppliers were usually vertically integrated companies. As a result of directives issued by the European Union, vertically integrated companies in Germany were finally partially disaggregated (unbundled) and the main part of the value chain was liberalized based on the "Essential Facility Theory". It is hoped that unbundling and liberalization will bring important economic benefits, such as gains in economic efficiency and innovation potential. These advantages are particularly relevant for an export nation like Germany. However, vertically integrated companies and monopolies can also offer advantages through synergy effects or increased security of supply. In the 1990s and 2000s (at times of overcapacity), the prevailing view was that the benefits of unbundling and liberalization outweighed the advantages of vertically integrated monopolies. Today, however, energy markets are facing new challenges as a result of the energy transition. This seminar will analyze the impact of competition and regulation on energy markets. For this purpose, an IT-supported simulation game on exchange-based electricity trading, which is also used for training by the International Energy Agency (IEA) and the International Renewable Energy Agency (IRENA), will be conducted free of charge for the seminar participants.

Learning Objectives

Students will gain an overview of important theoretical concepts and methods for evaluating or analyzing competition and regulation in energy markets based on technical articles and publicly available data.
- An IT-based simulation game will be used to learn the practical application of theoretical knowledge.
- In this seminar scientific working methods shall be further learned and deepened. For this purpose, the students are to compile and discuss the results in the form of scientific presentations and a short seminar paper.
- The students will finally summarize the seminar results in a scientific article (in English) under guidance.

Prerequisites

none

Examination

Written paper (70%, graded), Oral examination (30%, graded)