ENRG 4930 Introduction to Electric Power and Markets

ENRG 4930 Introduction to Electric Power and Markets
Introduction to Electric Power and Markets
The number of players in power markets, player's competing interests and evolving regulatory policy gives electricity markets a unique niche in the world of commodity trading. The unique physical characteristics of its product, coupled with the nature of its delivery have created opportunities for trading shops and major corporations to rise and fall in a little more than a decade. As this market (slowly) matures, and regulation continues to improve market transparency and efficiency, it will be a bumpy ride. To better understand where these markets are going and where they have been, we shall first obtain a historical prospective. With a concrete understanding of the market evolution, we will then investigate what influence market prices on a long term, day ahead, and real time basis. We will also study the infamous market failures, and how regulators have responded to eliminate opportunities for indiscretion. The course will conclude with a brief look at several recent regulatory enactments to more closely align the interests of all market participants and stakeholders. This course will include market simulation exercises which will give students the opportunity to experience Power Marketing from the prospectives of a pure-marketer, independent power producer, and regulated utility.
Notes: This course cannot be used as one of the three required finance electives towards the finance major. This course an be used as a business elective or free elective towards the BSM degree.
Pre-requistites: ECON 1010, FINE 3010; junior standing or above
credit hours: 3