When: 29 August 2019
Where: School of Economics and Businesss, University of Ljubljana
Application closes: 5 August 2019
Price: EUR 150 (coffee breaks and lunch included in the price)
Electronic version of the slides for lectures will be made available for participants.
LECTURER: The seminar will be given by
GOAL: The aim of this post-conference seminar is to give participants an overview of key economic and policy issues surrounding the transition to low-carbon electricity in market-based systems.
09:00 – 10:30 Lecture 1: Fundamentals of electricity
What do you need to know about the workings of the electricity industry in order to understand the challenges we face in decarbonising the power system? This session concentrates on how economic costs can be minimised subject to the technical constraints imposed by the need to meet demand at all times without overloading the grid
10:30 – 11:00 Coffee break
11:00 – 12:30 Lecture 2: Electricity markets
How should the electricity industry be organised, and if a liberalised market is introduced, what rules should it have? This session will cover optimal prices for power, how to pay for capacity, and different ways of pricing transmission constraints. It will discuss the difference between “US” and “European” market designs, and how the operating constraints faced by power stations can affect electricity prices.
12:30 – 13:30 Lunch
13:30 – 15:00 Lecture 3: Renewables and storage
Wind turbines and solar PV panels are becoming dramatically cheaper, but how does the intermittent nature of their output affect their value to the power system? Electricity storage has the potential to absorb surplus energy and release it later – how far can this help system operators to manage the variable output from renewable generators?
15:00 – 15:30 Coffee break
15:30 – 17:00 Lecture 4: Emissions savings
How much have renewable generators already reduced our carbon emissions, and how should we measure this?
The sessions will set out the economic theory underlying these issues with a “tutorial” approach, but will also present a number of recent research papers that explore these issues.
To attend the post conference seminar, one needs to register via our conference registration form. An account is required to register for conference attendation. You can create an account at this link. If you already have an account and are logged in, you can register to the conference here.
* Please note that the seminar programme and schedule is subject to change