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29002-01 - Lecture: Electricity Markets (3 CP)
| Semester | fall semester 2025 |
| Course frequency | Every fall sem. |
| Lecturers | Hannes Weigt (hannes.weigt@unibas.ch, Assessor) |
| Content | In the lecture ‘Electricity Markets’ the economic structures in liberalized electricity markets will be examined. After a short overview on the basic functionality of electricity markets different topics will be discussed. The topics will cover current challenges associated to the ongoing transition towards a carbon free energy supply (i.e. integration of intermittent renewables, sector coupling). The main focus of the assessment will be on economic incentive structures and market and policy design. |
| Learning objectives | The aim of the lecture is to provide a basic understanding of the market structure and architecture of electricity markets, the application of competitive and regulatory theories to case studies, and the capability to investigate current challenges in electricity markets from an economic perspective. |
| Bibliography | The short overview on the basics of electricity markets are based on the textbooks "Power System Economics" by Steven Stoft, "Fundamentals of Power System Economics" by Daniel Kirschen and Goran Strbac, and “Regulation of the Power Sector” by Ignacio Pérez-Arriaga. In the discussion part, recent papers and reports will be used. All relevant literature will be provided as downloads. |
| Comments | Voluntary homework during the semester allow to obtain bonus points for the final written exam (bonus-points will only be added to exam points after a 4.0 has been reached without bonus!). Details are explained in the first lecture. |
| Weblink | Weblink |
| Admission requirements | The lecture is part of the field courses in the Master in Economics and Public Policy. Understanding of basic micro-economics, industrial organization and numerical methods is recommended. |
| Course application | Registration: Please enroll in the Online Services (services.unibas.ch); Eucor-Students and mobility students of other Swiss Universities or the FHNW first have to register at the University of Basel BEFORE the start of the course and receive their login data by post (e-mail address of the University of Basel). Processing time up to a week! Detailed information can be found here: https://www.unibas.ch/de/Studium/Mobilitaet.html After successful registration you can enroll for the course in the Online Services (services.unibas.ch). Applies to everyone: Enrolment = Registration for the course and the exam! |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Interval | Weekday | Time | Room |
|---|---|---|---|
| wöchentlich | Tuesday | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S15 HG.31 |
Dates
| Modules |
Module: Field Electives in Economics and Public Policy (Master's Studies: Economics and Public Policy) Module: Policy Field: Environment and Energy (Master's Studies: Economics and Public Policy) Module: Preparation Master's Thesis in Economics (Master's Studies: Sustainable Development) Module: Specific Electives in International Business, Trade and the Environment (Master's Studies: Business and Economics) |
| Assessment format | record of achievement |
| Assessment details | Written exam: tbd |
| Assessment registration/deregistration | Reg.: course registration, dereg: cancel course registration |
| Repeat examination | no repeat examination |
| Scale | 1-6 0,1 |
| Repeated registration | as often as necessary |
| Responsible faculty | Faculty of Business and Economics , studiendekanat-wwz@unibas.ch |
| Offered by | Faculty of Business and Economics |