You are here

Energy Economics

Energy Economics

Strengthen your energy fundamentals, broaden your business perspectives

 

Upcoming cohorts

Energy economics

15/04/2019 to 19/04/2019
Grenoble École de Management, France | 5 days
3000

Energy economics

02/09/2019 to 06/09/2019
Grenoble École de Management, France | 5 days
3000

About this course

Today’s energy landscape is evolving fast. New technical possibilities are meeting changing customer demand. The economics of fossil, fissile and renewable energy complement and compete with each other, changing investment calculations, and adding new layers of complexity to the market. Both national and international regulations are profoundly changing the way energy businesses operate, the threats they face, and the opportunities that are opening up.

Energy professionals need a real understanding of this correlated, interconnected and evolving market if their innovative new solutions are to have a real impact. By understanding the deep transformations taking place in the energy sector, the roots of this change, and the challenges it produces you gain a new insight into your own projects– and greatly enhance your chances of success.

Is this course for you?

This course is most suited to management level professionals and post-graduate academics with energy, business, financial, economic and engineering backgrounds, but anyone interested in developing their knowledge, expanding their skill set and/or enhancing their professional development may apply.

1. Professionals:

  • In energy technology, renewable energy, consultancy and engineering, utility or automotive companies
  • Real estate, city development agencies and municipalities.
  • Policy makers.
  • Investors and management consultants.

2. Researchers, Academics, such as PhD and Master's students (30% discount).

How does the course boost your career?

At the end of this course you will have:

  • An awareness of energy trends, market structures, finances, and investments.
  • An understanding of the deep transformation that the energy sector is experiencing, its causes and the challenges resulting from it.
  • Knowledge of climate policies, their impacts on the power sector forecast models for forecast energy consumption.
  • An understanding of the ways utilities can compete in the changing energy landscape.
  • The skills to be able to make strategic decisions in a continuously changing energy market.

Teaching methods and materials

The course takes place over five days at Grenoble École de Management, France. It combines lectures, in-class exercises, and industry visits. You will analyse today’s energy economics using real-life examples as well as key academic texts, explore business practices and have the opportunity to reflect on what this means for your own project during interactive group discussions. During the course, you will also take part in a simulation game which forms the basis of your final evaluation.

The course also gives you opportunities to strengthen your international network, with experts from Grenoble Ecole de Management and InnoEnergy helping you identify potential partnerships, customers and enablers for your professional projects. 

 

What will I learn?

The course examines the economics and structure of markets for various energy sources, including oil, coal, gas, and renewables.

Modules include:

  • The geopolitics of fossil energy: Undertake a new energy game and learn about the main geopolitical characteristics of the industry.
  • The gas value system: An economic and contractual perspective on the gas value system.
  • Drivers of investment in the electricity sector: Examine what drives investment in specific electricity-generating technologies, including renewables.
  • Climate policy and the EU emissions trading scheme: Conceptual and empirical insights into international climate policy, and the EU Emissions Trading System (ETS).
  • Wholesale power markets and price formation mechanisms: Understand how European power markets work, how they have developed, and the challenges ahead.
  • The European electricity market: The organisation and evolution of a liberalised power system beyond the wholesale energy market from a transmission system operator perspective.
  • Energy modelling and scenarios: an overview of existing and prospective energy supply-and-demand models, and their application for scenario development and testing.

Who is teaching the course?

Joachim Schleich, Professor of energy economics in the department of Management and Technology, and head of the Energy Management team at GEM, Joachim also sits on the editorial board of Energy Efficiency and Frontiers – Energy Systems and Policy. Schleich’s research has also been widely published.

Theodoros Zachariadis, Associate Professor at the Cyprus University of Technology, where he is dean of the faculty of Geotechnical Sciences and Environmental Management and teaches environmental economics and energy resource management. His is also advisor to Cyprus’s Ministries of Finance and Energy.t

Emmanuel Hache, since 2014 Emmanuel has worked at the Economic and Environmental Evaluation Research Department of IFP Energies Nouvelles and works as research engineer in the modelling team dedicated to energy transition. He also teaches Natural Resources and Energy Economics and Trading at the IFP School.

Matthew Wittenstein, joined the International Energy Agency in 2014 as an electricity sector analyst in the gas, coal and power markets division. He currently leads the IEA’s work on cross-border electricity security.

 Axel Emmerich, currently senior manager for gas and oil supply and asset development at EnBW. He is also science advisor at GeoResources Steinbeis Transfer Centre, and is also a member of the American Association of Petroleum Geologists (AAPG), the International Association of Sedimentologists (IAS).

Tanguy Janssen, runs the trading room at Compagnie Nationale du Rhône (CNR) where he deals with the optimisation of production sales, trading on the European plate, structured contracts, and intermediation activity on the market. He also works in the market design department of RTE, the French transmission system operator.

Prof. Dr. Martin Wietschel, his research focuses on energy system analysis, energy models, environmental instruments, sustainable development, and new mobility fuels and propulsion systems. In 2008, he became head of the Energy Economy business unit at the Competence Centre Energy Technology and Energy Systems.

Fabrice Arroyo, programme director of the Advanced Master’s in Energy Marketing at Grenoble École de Management. He also acts as a consultant to various start-ups regarding fundraising, and has previously held roles at Emertec, Sunpower Tenesol, Cap Digital, and business development agencies Paca and Paris, AFII partners.

Philippe Vassilopoulos, specialises in the European wholesale power and gas markets, and his areas of expertise include market design, price formation and modelling, asset valuation and due diligence, regulation, and market surveillance. He is head of product design at EPEX SPOT, and was previously with IHS Cambridge Energy Research Associates.

Michele Coletti, affiliate professor and fellow of the Lab-Center for Competitiveness at the Grenoble École de Management. He is the academic leader for the Certificate in Innovation, Design Thinking and Intrapreneurship as well as Grenoble’s MBA: Management Consulting Specialisation.

Institutions