Accueil > Economics of New Energy Technologies & Policy Instruments

OAEN 2650 - Economics of Energy Technologies

Type d'enseignement : Seminar

Semester : Spring 2017-2018

Number of hours : 24

Language of tuition : English

Voir les plans de cours et bibliographies

Pre-requisite

aucun

Course Description

New energy technologies play a key role to ensure a cost-effective transition to low-carbon. In this course, we will discuss new energy technologies and their economics (costs & cost structure), mainly focusing on the power sector. Moreover, the key role of energy policy supporting innovation and shaping technological change will be discussed. The objective of this course is to give an overview of current energy technology perspectives and policy instruments supporting innovation and technological change. Based on this knowledge, it will be possible to better understand current trends in the energy sector and to assess potential future developments.

Teachers

  • GENOESE, Fabio (Senior Economist)
  • HENRIOT, Arthur (RESPONSABLE D'ETUDES)

Pedagogical format

Lecture and discussion. Case studies presentation by students followed by class discussion. Selected guest speakers.

Course validation

Students are expected to attend all classes. Course participation 20%. Mid-term written test 35%. End of term test 45%.

Workload

Repeating the previous lesson in preparation for each class. Preparing for the mid-term test. Preparing for the end-of-term test.

Required reading

  • IEA: Energy Technology Perspectives 2014
  • Energy Systems and Sustainability: Power for a Sustainable Future, Oxford University Press, 2012
  • Paul Stoneman: The Economics of Technological Diffusion, Blackwell Publishers, 2001

Plans de cours et bibliographies

Session 1: Introduction

  • Course planning
  • The role of electricity in energy
  • Fundamentals of electricity systems and markets
  • Unbundling and liberalisation

Session 2: Renewables A

  • General: levelized cost of electricity (LCOE)
  • Wind power (capacity growth, technical specifications, output/yield, load duration curves, low wind speed turbines, system-friendly wind turbines, economics)

Session 3: Renewables B

  • General: learning curves
  • Solar photovoltaics (capacity growth, technical specifications, output/yield, load duration curves, economics)
  • Solar thermal (capacity growth, technical specifications, economics)

Session 4: Renewables C

  • General: market value of renewables
  • Auction results of wind and solar power
  • Grid parity

Session 5: Conventional Power A

  • Nuclear fusion
  • Nuclear fission
  • Coal, lignite

Session 6: Conventional Power B

  • Carbon Capture and Storage (CCS)
  • Carbon Capture and Utilisation (CCU)
  • Natural gas
  • Economics of coal versus gas
  • Economics of energy transition

Session 7: Policy Instruments A

  • Pricing pollution : Pigou vs Baumol-Oates
  • Cap and trade (e.g. carbon pricing, ETS)
  • Taxation
  • Minimum standards

Session 8: Policy Instruments B

  • Design elements of RES support (feed-in tariff, feed-in premium, auctioning, quota systems)
  • Performance of RES policy support
  • Cost allocation of RES policy support

Session 9: Policy Instruments C

  • Impact of RES support on conventional power generation
  • Capacity mechanisms
  • Future market design options

Session 10: System integration of renewables

  • Integration through policy (melting pots vs salad bowls)
  • Integration through technology (energy storage, demand-side management, Super Grid, Smart Grid)

Session 11: Storage technologies

  • General: levelized cost of stored electricity (LCOE)
  • Capacity growth, technical specifications, economics

Session 12: Electric mobility

  • Technology options (BEVs, PHEVs, FCEVs)
  • Economics

biographical information

Mr Genoese, a German-Italian national, has more than 9 years of experience in energy. He started his career in 2008 as consultant to energy utilities and the German government, playing a vital role in working out regulatory measures to avoid negative electricity prices. From 2013 to 2016, he was in charge of electricity policy analysis at CEPS, a Brussels-based Think Tank. In 2016/17, he contributed to ENGIE's innovation strategy as Smart Energy Expert.
He is currently Senior Economist at Terna in Rome and Visiting Professor at Sciences Po in Paris. Mr Genoese holds a doctoral degree in Energy Economics as well as a Master's degree in Physics.