Mini-course «Electricity markets and electricity trading»
Laboratory of Stochastic Analysis and its Applications invites you to the mini-course “Electricity markets and electricity trading” which will be lectured by the professor of the “École Nationale de la Statistique et de l’Administration Économique” (ENSAE) (France) Peter Tankov
Location: Moscow, 11 Pokrovskiy Bulvar
Schedule of the mini-course:
- 09 September – 18:00 – 21:00, room R 207
- 11 September – 18:00 – 21:00, room R 207
- 13 September – 18:00 – 21:00, room R 207
Course description
The course will discuss the electricity markets. During the course the topics regarding functioning of electrical systems and different aspects of electricity demand will be discussed. We will also get acquainted with the basic principles of electricity trade, as well as with the principles of functioning of different kinds of markets. Special attention will be paid to the mechanisms of modeling of electricity prices. In addition, stochastic models for intraday, spot and forward prices will be presented.
Tentative schedule
Lectures 1-2. The power generation sector; electricity as a commodity. Electricity sector in the world, energy transition. Features of electricity, properties of electricity demand, transport networks. Functioning of electric systems and role of system operators. Network stability and frequency control. Specific risks associated to intermittent renewable electricity generation.
Lectures 3-4. Electricity markets and electricity derivatives.Ways to sell electricity. Organization of electricity markets: balancing; intraday, day-ahead, forward and capacity markets. Electricity futures and other derivative products.
Lectures 5-6. Modeling electricity prices and trading in electricity markets. Stochastic models for intraday, spot and forward prices. Trading strategies for power producers.
The course is open to anyone interested. Whether you need the pass to the Higher School of Economics, do not hesitate to contact the lab manager Anna Belykh: abelykh@hse.ru