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Understand the economic transition in energy.
Make better strategic decisions in a changing market.
What are the macro trends in energy investment? What is the impact of climate policies on the energy sector? How can we compare emerging technologies effectively and how can utilities realistically compete in a changing energy landscape?
Making sense of the complex economics that undergird our correlated, interconnected and evolving market drives the impact of innovation, new solutions and critical decisions across the industry. Our Energy Economics course accelerates your understanding of how European electricity markets function and the deep transformations taking place in the energy sector – the roots of this change and challenges it produces.
The course examines the economics and structure of markets for various energy sources, including oil, coal, gas, and renewables. At a macro level, you explore trends in energy investment, compare the economic performance of various technologies, and examine climate policies and their impact on the energy sector. At a micro level, you examine the way that European electricity markets function and how utilities can compete in the changing energy landscape.
As an energy professional working in strategy, you emerge with invaluable and unique new insights into your own work.
What will you learn?
Our Energy Economics course examines the profound transformation that the energy sector is currently going through; its causes and the challenges resulting from it in Europe. 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;
- Dealing with Intellectual Property Rights; and
- Entrepreneurial Leadership.
How will you learn?
The course is led by a team of pioneering faculty members and international practitioners. It integrates lectures, in-class exercises, a simulation game and an industry visit. You explore diverse, leading-edge business practices and you will have the opportunity to reflect on how these changes may impact your work during interactive group discussions. The course also offers plenty of opportunities to engage and debate with experts from the energy sector as well as professors and researchers from Grenoble Ecole de Management, a triple-accredited French business school with a unique focus on the Management of Technology & Innovation.
During the course you will also play an online simulation called SimPower, 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 success of business.
Who will teach you?
Professor of energy economics in the Department of Management and Technology & Head of the Energy Management Team
Grenoble École de Management
Program Director of the Advanced Master in Energy Marketing & Management
Grenoble École de Management
Research Engineer & Project Manager
IFP Energies Nouvelles
Institut des Relations Internationales et Stratégiques
Is this course right for you?
This course is expertly calibrated to meet the needs of management-level professionals and post-graduate academics with energy, business, financial, economic and engineering backgrounds. However, enrolments are welcomed from anyone interested in developing their knowledge, expanding their skillset and/or enhancing their professional development.
Typical participants include:
- Energy consultants
- Energy or utility engineers
- Business Managers (C-suite)
- Energy analysts
- Policy makers
- PhD or researchers in Energy
Why enrol today?
You emerge with a comprehensive understanding of economics in the European energy landscape, enriched with theoretical frameworks and real-life application. And you will receive a certificate with a LinkedIn integrated URL that verifies your achievement.
"Energy professionals who occupy strategic positions in their companies must be able to make sense of the complex economics that undergird our correlated, interconnected and evolving energy market so that they can develop new and innovative solutions and make critical decisions that will improve the impact of innovation across the industry. This course will empower you to do just that and offer you invaluable and unique new insights into your own work."