Module ECON49910: Energy Regulation, Financing and Markets

Department: Economics and Finance

ECON49910: Energy Regulation, Financing and Markets

Prerequisites

• None

Corequisites

• None

Excluded Combination of Modules

• None

Aims

• This module is designed solely for students studying on the Master of Energy Systems Management
• To provide an overview of energy regulation in a Net Zero context
• To provide an overview of the key financial aspects of “whole energy” systems

Content

• The regulation of energy markets and supporting legislation
• Energy and carbon trading
• The Net Zero goal under an international perspective
• Current and future energy market structures
• How policy and legislation can protect the most vulnerable consumers
• Funding mechanism for new energy projects
• Introduction to levelised cost of energy

Learning Outcomes

• An understanding of how policies might deliver a Net Zero outcome
• A knowledge of how policy drives whole energy systems and energy innovations
• A knowledge and understanding of the legislative context of zero carbon technology
• A knowledge and understanding of the economics governing consumer use and purchase of energy
• An understanding of the specifics of various energy financial instruments at play around the world and of how these regulated trading systems influence the cost of electricity

• The capacity to take and fully understand alternating financial perspectives on the renewable energy sector
• The ability to assess the economic factors affecting energy production and supply
• The ability to engage in national and international carbon trading mechanisms

• Capacity for independent self-learning within the bounds of professional practice.
• Ability to develop and use the language of energy regulation and finance in an engineering context
• Development of financial skills and a financial toolkit to support engineering investment decision-making.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

• The module content is delivered in lectures.
• Students can make use of staff 'Tutorial Hours' to discuss any aspect of the module with teaching staff. These are sign up sessions which will be available to the students.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment:

Short video presentation on economic factors affecting energy production and supply, with supporting handout.

■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University