Energy Economics (Ski-)Seminar: Simulation game electricity market of the future

The Chair of Business Administration, es. Energy Economics organized the module "Research Topics in Energy Economics I & II" in the winter semester 2023/24 as an energy economics seminar entitled " Simulation Game Electricity Market of the Future". The seminar was crowned by a seminar week in the Austrian Kleinwalsertal in the second week of January. The excursion was kindly supported by the Faculty of Business Administration and Economics.

The seminar focuses on the question of which electricity market design guarantees a secure, cost-effective and environmentally friendly electricity supply even with a high share of renewable capacity. Over the course of the semester, the students examined the positions of various stakeholders on this issue. In addition to the seminar paper, they prepared a position paper for their assigned stakeholder group based on literature research and economic analyses, which will serve as the basis for the dialog with the other representatives on the future of the electricity market.

The position paper formed the basis for the presentations and the simulation game during the excursion week. The advantages and disadvantages of electricity price zoning and an industrial electricity price were analysed from various perspectives and controversially discussed, and the challenges involved in the concrete design of reform proposals that are capable of winning a majority were highlighted.

The format of the simulation game in combination with the excursion to the Söllerhaus in Kleinwalsertal (Austria) enabled an intensive exchange on exciting energy industry topics. In addition, the students were able to get to know the Chair of Business Administration, esp. Energy Economics better and enjoyed an attractive leisure programme with winter activities.

Further information on the course can be found here: Research Topics in Energy Economics