Studienprojekte in der Energiewirtschaft / Case Studies
This year's topic
Price Dynamics on the EEX: Price Formation, Bid Curves, and Demand Elasticities
General Information
This study project is dedicated to a detailed analysis of price mechanisms on the EEX—both from the perspective of responsive demand and from the perspective of the strategic storage operator. The goal is to develop a deep understanding of how electricity prices are formed and the dynamics of market equilibria by combining both perspectives. To this end, there are two thematic areas that combine economic theory with practical modeling: ranging from the statistical analysis of demand elasticities to the strategic bid optimization of storage facilities. Students learn to apply different methodological approaches directly to real market data and to simulate their effects on market equilibrium.
The study project is carried out in small groups throughout the entire semester. In regular course sessions, interim results are presented to the plenary and discussed collaboratively. The plenary sessions are supplemented by consultation meetings. The project is rounded off with a written seminar paper and a final presentation.
This course project is ideally suited to optimally prepare students for modeling activities in companies within the energy industry as well as for careers in academia.
- Lecturer: Jannis Eichenberg
- Kick-Off: 27th of April, 5. DS, Room SCH-A419
Enroll in OPAL!
In order to participate and for a more in-depth description of the Studienprojekt / Case Studies please visit the OPAL course.