HOW PHYSICAL ELECTRICITY MARKETS WORK WITH A FOCUS ON THE NEMS

Learn about the purpose, the design, the mechanics and inner workings of physical power markets. Understand the mechanics through simple exercises of zonal and nodal pricing, as well as co-optimization of energy and reserve markets. Learn from various relevant examples from all over the world and understand established and emerging electricity markets. Understand the impact merchant markets have on utilities, their trading and risk controlling activities. Discuss developments like renewable integration, full retail competition, storage, electric vehicles and smart grid, and understand their impact on energy systems and electricity markets