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Understand the economic transition in energy.
Make better strategic decisions in a changing market.
We live in a world that is ever more energy intensive. Fossil, fissile and renewable energy sources are all integral parts of today’s energy mix. Even though these energy sources complement one another, they also compete with each other to attract markets, financial investments, etc. Besides, not a single source of energy exists that is not contested either for its contribution to climate change, because of the level of risks that it is associated with or because of its material/space intensity. New technical possibilities combined with changing customers’ demands and evolving political regulations are deeply transforming the energy landscape: they are reshaping energy geopolitics; they create spaces for new actors to enter market, possibly threatening the incumbent; they require energy firms to rethink the way they trade energy; they have significant impacts on the risks and uncertainties associated with investments in new energy infrastructure.
What is this course about?
The course examines the economics and structure of markets for various energy sources, including oil, coal, gas, and renewables. At the macro level, it explores trends in energy investment, explains how the economic performance of various technologies can be compared, examines climate policies and their impacts on the energy sector. At the micro-level, it examines the way that European electricity markets function and how utilities can compete in the changing energy landscape.
Professionals in the energy field involved in the strategy need a real understanding of this correlated, interconnected and evolving market if their innovative new solutions/decisions are to have a real impact. By understanding the deep transformations taking place in the energy sector, the roots of this change, and the challenges it produces they gain new insight into their own work.
What will you learn?
This interactive course is designed for the participants to: Examine the deep transformation that the energy sector is going through, its causes and the challenges resulting from it
Understand how are prices formed and the dynamic market behaviour of energy market actors
Specific modules include:
- The geopolitics of fossil energy
- Energy Transition in a warming planet: Implications for the EU climate and energy policies.
- Drivers of investment in the electricity sector
- Climate policy and the EU emissions trading scheme
- Wholesale power markets and price formation mechanisms
How will I learn?
The course combines lectures, in-class exercises, a serious game and an industry visit. It is delivered by a team of highly qualified faculty members and international practitioners. You’ll explore business practices and will have the opportunity to reflect on how these changes may impact your business during interactive group discussions. The course also offers plenty of opportunities to engage and debate with energy experts from the industry as well as Grenoble’s own professors and researchers. During the course you will also play an online simulation called Simpower which is a web-based electric utility management simulation game that focuses on the dynamic market behaviour of the electricity markets. SimPower combines the dynamics of electricity supply and demand and illustrates how customers and competitors influence the company’s business.
Who will teach you?
The Energy Economics course attracts a high calibre of teaching staff. Current and previous teachers have included:
Professor of energy economics in the department of Management and Technology, and head of the Energy Management team at GEM, Joachim Schleich also sits on the editorial board of Energy Efficiency and Frontiers – Energy Systems and Policy. Schleich’s research has also been published in Energy Economics, Resource and Energy Economics, Energy Policy, Climate Policy, Ecological Economics, Energy Efficiency, and Energy Studies Review.
Fabrice is programme director of the Advanced Master’s in Energy Marketing at Grenoble École de Management. He also acts as a consultant to various start-ups regarding fundraising, and was previously investment manager at VC firm Emertec, project manager for Solar PV at SunpowerTenesol, project manager for French public R&D cluster Cap Digital, and business development agencies Paca and Paris, AFII partners.
Hache has an extensive international career in research. Since 2014 he has worked at the Economic and Environmental Evaluation Research Department of IFP Energies Nouvelles and works as research engineer in the modelling team dedicated to energy transition. He also teaches Natural Resources and Energy Economics and Trading at the IFP School, and is Associate Professor at the Institut des Relations Internationales et Stratégiques and at Négocia-Advancia where he teaches macroeconomics and international monetary issues.
Dr Yamina Saheb is a lead author of the IPCC AR6. Yamina has 16 years of international experience in climate mitigation policies with a special focus on energy efficiency and renewables. She worked for several international research and think-tanks including the European Commission’s Joint Research Centre, the International Energy Agency.
Elies Lahmar is Market Design analyst at the European power Exchange EPEX SPOT. He is in charge of business development, exploring and assessing innovative ideas, products and concepts that will shape tomorrow’s power markets. Elies also supports the design and implementation of EPEX SPOT’s new products across all markets.
Matthew joined the International Energy Agency in 2014 as a an electricity sector analyst in the gas, coal and power markets division. His recent publications include Projected Costs of Generating Electricity (2015 Edition) and Development Prospects of the ASEAN Power Sector. He currently leads the IEA’s work on cross-border electricity security.
Is this course right for you?
This course is most suited to management level professionals and post-graduate academics with energy, business, financial, economic and engineering backgrounds, but anyone interested in developing their knowledge, expanding their skill set and/or enhancing their professional development may apply.
- In energy technology, renewable energy, consultancy and engineering, utility or automotive companies
- Real estate, city development agencies and municipalities.
- Policy makers.
- Investors and management consultants.
2. Academics, such as PhD and Master's students.