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Energy Economics

Energy Economics

Understand the economic transition in energy.
Make better strategic decisions in a changing market.

We will announce the next run of this course in due course. If you are interested and would like to know when this course is open for enrolment, register your interest below.

The energy sector is being transformed. Fossils, fissile and renewable sources simultaneously complement and compete with each other. Technological evolution, changing consumer demands and regulation are reshaping energy economics and geopolitics. And with new players continually disrupting the market, staying ahead of  the curve means building a rock-solid understanding of the economic forces driving change. And accurately evaluating your options – and your strategies.

Energy Economics is jointly delivered by experts from Grenoble École de Management and the InnoEnergy consortium – global authorities in the business of energy and the economics of change. Your learning is both theoretical and experiential. Through class interaction with peers, faculty and visiting experts from industry, simulations, real case discussions and visits to real-world market leaders, you develop the understanding, vision and mindset to:

  • Assess the trends, market structures, finances and investments reshaping the energy space
  • Pinpoint the drivers of change, as well as the challenges and opportunities emerging from it
  • Build climate policies and forecast models into your strategic thinking
  • Road map the competitive future for your organisation and make stronger strategic decisions in a changing energy landscape
  • Identify potential partnerships, enablers and customer bases for your organisation.

What will you learn?

Energy Economics is an intensive, one-week immersion in the megatrends, the geopolitics, the economic drivers, the market changes, emerging regulation and EU-level policies that are reshaping the energy market. Specifically you will explore:

  • The geopolitics of fossil energy
  • The gas value system: an economic and contractual perspective
  • Drivers of investment in the electricity sector
  • Climate policy and the EU emissions trading scheme
  • Wholesale power markets and price formation mechanisms
  • The European electricity market: a transmission system operator perspective
  • Energy modelling and energy scenarios. 

Is it right for you?

Join an international cohort of leaders and functional managers working in the energy space. Our participants are charged with taking strategic decisions within their organisations and are curious, open-minded and passionate about the global energy revolution. Typical roles include:

  • Consultant
  • Energy officer
  • Strategy manager
  • Energy market analyst
  • Engineer
  • Head of marketing and sales
  • Post-doctoral researcher

Who will teach you?

The course is led by world-class faculty from Grenoble École de Management. It is enriched by insight from leading industry experts from the InnoEnergy ecosystem. Together they help you build a 360-degree understanding of the economics, geopolitics, regulatory forces, markets and emerging challenges and opportunities, so that you are empowered to make better, more confident strategic decisions – and drive the competitive advantage of your organisation in a changing and uncertain landscape. Faculty may include:

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.

Martin Wietschel 
Martin’s research focuses on energy system analysis, energy models, environmental instruments, sustainable development, and new mobility fuels and propulsion systems. He has headed numerous national and international commissions and task forces on energy, pollution control, and strategies. In 2008, he became head of the Energy Economy business unit at the Competence Centre Energy Technology and Energy Systems – where he has been deputy head since 2011. Martin is also professor at the Karlsruhe Institute of Technology.

Theodoros Zachariadis
Theodoros is dean of the faculty of Geotechnical Sciences and Environmental Management at the Cyprus University of Technology, and teaches environmental economics and energy resource management. His other roles include: advisor to Cyprus’s Ministries of Finance and Energy on economic aspects of climate change and long-term energy planning, associate editor of Energy Economics, and member of the Programme Committee at the European Horizon 2020 programme.

How will you learn?

Your learning is both rigorously academic and thoroughly practical. You will explore the economics of today’s energy space via real cases and theoretical concepts. Through dynamic classroom interaction with international peers, faculty and leading-edge experts from industry you build deep and nuanced understanding. Industry visits give you the real-world context and a chance to witness best practice in action.

You will also be challenged to translate theory into practice in a simulation game: Back Bay Battery. You play the role of business unit manager charged with balancing your portfolio of investments. You will have to:

  • Select the best market opportunities to pursue
  • Make long and short-term investment decisions
  • Overcome challenges surrounding timing and mature-versus-new business investments
  • Balance trade-offs and financial objectives
  • Navigate change and uncertain market information.

Your final evaluation is based on the results of your simulation at the end of the week.

Collaborators & Partners