Electricity market coupling, Risk mitigation and designing the

market platform

Course Outline:

 Electricity market coupling;

o definition
o Market Coupling Approach
o Roles and responsibilities
o Benefits for Suppliers and Customers
o General Process
o Scheduling for Market Coupling
 Risk mitigation on electricity markets:
o Seeing Risk Management Comprehensively
o Why It’s Important
o Risk Management in Electricity
o Comparison to currency, fixed income and direct investment real
estate
o Assets and Liabilities
o Asset Representation
o Distributional Properties
o Case Study – Renewables in a medium sized country
 Designing of the electricity market platform:
o DESIGN AND OPERATIONAL CHARACTERISTICS OF LOCAL ENERGY AND
FLEXIBILITY MARKETS IN THE DISTRIBUTION GRID
o Shortcomings in the current electricity market design
o Two-market design
o AN ELECTRICITY MARKET DESIGN BASED ON CONSUMER DEMAND
FOR CAPACITY.
o ELECTRICITY MARKET REDESIGN – FROM A DISTORTED SHORT-RUN
TO A COMPETITIVE LONGRUN MARGINAL PRICE-SETTING
MECHANISM