The study of energy economics covers a broad spectrum of subjects related to the creation and use of energy in society. As many regions are moving towards deregulated energy markets, it is important to have qualified professionals who can facilitate this transition. The main goal of this program is to help strategic decision-makers, economists, policy advisors, regulators, and both current and aspiring engineers in gaining a comprehensive comprehension of energy markets. Through this program, you will be able to gain insight into how modern energy markets work, the recent developments they have undergone, and the direction they are headed towards in the future.
Greetings and welcome to our course where we will delve into the intricate workings of energy markets, their regulations, and design. Through a combination of economic theory and real-world examples, we will provide a deep understanding of the complex energy system. Our focus will be on the fundamental principles that drive energy markets, the various types of markets, the importance of electricity networks, and the incentives for investing in the electricity sector. Additionally, we will explore the economics behind renewable energy sources and other technological advancements that can facilitate the transition towards a sustainable energy future. Once we cover the basics, we will shift our attention towards the future, speculating on how we can transition from the current market to future markets.
This training course will highlight the following:
- Basic microeconomics concepts and characteristics of energy markets
- Types of electricity markets
- Challenges and opportunities of electricity markets
- Effect of renewable energy on electricity markets
- Importance of energy transition and economic perspective towards it
Course Objectives
This Fundamentals of Energy economics course aims to enable participants to achieve the following objectives:
- Understand the principal of energy economics
- Know the role of energy economics
- Identify energy market operation, structure, and value chain
- Understand the Energy transition from an economic perspective
Why You Should Attend
Besides achieving the course objectives, the course is
- Flexible for busy people who want to advance their careers and gain new knowledge without disrupting their professional lives
- Course materials are updated continuously to reflect the latest trends in the industry
- Course material extracted from real-life case studies
- The lecturer for the course is a highly qualified expert in policy and economics, with extensive experience, numerous publications, and research studies.
For more information, kindly download the course description below