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SS 2018 - WS 2018/19


Energy Economics - Energy Sector Modeling (EW-MOD) (Energy Economics - Energy Sector Modeling)


Hirschhausen, Christian




Fakultät VII

Institut für Volkswirtschaftslehre und Wirtschaftsrecht

37311500 FG Volkswirtschaftlehre, insb. Wirtschafts- und Infrastrukturpolitik



H 33

Weyhing, Christoph


Learning Outcomes

The students study the basic principles in energy industry. The course focuses on the restructuring of the sector towards low-carbon energy supply and the creation of a European energy market. Knowledge of methodology is taught in relation to the design and networks of energy markets and applied by the students in sample cases during the course. The students also learn about methodology in the field of energy market modelling (market modelling with power networks and investments), which they apply in a group work. Regular homework assignments require the students to work through academic research papers and train self-study.


The module covers issues relating to the design of electricity markets with a high proportion of power generation using renewables. It also examines network-related fields and their interplay with regional generation and demand. Following a general introduction to the electricity industry, various special features of electricity as a good and their impact on the functioning of the electricity sector are derived analytically. In this context, the module examines the short-term pricing of a range of energy market products and necessary long-term incentives for investors, including numerical modelling for sub-problems of the electricity industry.

Module Components


All Courses are mandatory.

Course NameTypeNumberCycleLanguageSWSVZ
Energy Economics - Energy Sector ModelingIV71 150 L 9432SoSeEnglish4

Workload and Credit Points

Energy Economics - Energy Sector Modeling (IV):

Workload descriptionMultiplierHoursTotal
90.0h(~3 LP)
Class attendance15.04.0h60.0h
Class preparation and follow-up15.02.0h30.0h

Course-independent workload:

Workload descriptionMultiplierHoursTotal
90.0h(~3 LP)
Preparation of assignments5.06.0h30.0h
Preparation of paper and presentation1.060.0h60.0h
The Workload of the module sums up to 180.0 Hours. Therefore the module contains 6 Credits.

Description of Teaching and Learning Methods

Integrated classroom learning

Requirements for participation and examination

Desirable prerequisites for participation in the courses:

Knowledge in the area of Operations Research

Mandatory requirements for the module test application:

No information

Module completion



Type of exam

Portfolio examination

Type of portfolio examination

100 points in total



Test elements

Assignments50written5 assignments
Group presentation10oral20 min.
Term paper40writtenmax. 20 p.

Grading scale

Test description (Module completion)

The portfolio examination consists of the following elements, adding up to a maximum of 100 credits. The grading follows the joint conversion key of the School of Economics and Management (decision of the school's council dated May 28, 2014 - FKR VII-4/8-28.05.2014).

Duration of the Module

The following number of semesters is estimated for taking and completing the module:
1 Semester.

This module may be commenced in the following semesters:

Maximum Number of Participants

This module is not limited to a number of students.

Registration Procedures

Via email to ew@wip.tu-berlin.de

Recommended reading, Lecture notes

Lecture notes

Availability:  unavailable


Electronical lecture notes

Availability:  available



Recommended literature
Kirschen, Daniel and Strbac, Goran (2004): Fundamentals of Power System Economics
Stoft, Steven (2002): Power System Economics

Assigned Degree Programs

This module is used in the following Degree Programs (new System):

Studiengang / StuPOStuPOsVerwendungenErste VerwendungLetzte Verwendung
This module is not used in any degree program.

Students of other degrees can participate in this module without capacity testing.


No information