Class Schedule and Syllabus

Course ENERGY ECONOMICS
Academic year: 2017/2018
Prof. Carlo Andrea Bollino  and Prof. Paolo Polinori
channnel 1 channnel 2
Day Hour Hour content
Th 15-02-2018 17:00 – 20:00 15:30 – 17:00 The energy system: Forms and sources of energy (B Ch 1 2)
Tu 20-02-2018 18:30 – 20:00 15:30 – 18:30 Monopoly, discriminating monopoly, oligopoly (B Ch 12)
Th 22-02-2018 17:00 – 20:00 15:30 – 17:00 Optimal pricing, peak-load pricing, Regulation of rate of return (B Ch 13)
Tu 27-02-2018 18:30 – 20:00 15:30 – 18:30 Market failures
Th 01-03-2018 17:00 – 20:00 15:30 – 17:00 Economic assessment: LCOE (ZPE Ch. 3.1)
Tu 06-03-2018 18:30 – 20:00 15:30 – 18:30 Hotelling price, target revenue, backstop technology (B Ch 12 ZPE Ch. 6.2)
Th 08-03-2018 17:00 – 20:00 15:30 – 17:00 The energy system: resources, reserves, Hubbert model (B Ch 7 ZPE Ch 6.1)
Tu 13-03-2018 18:30 – 20:00 15:30 – 18:30 The international oil and gas  market (B Ch. 14 15 ZPE Ch. 8 9)
Th 15-03-2018 17:00 – 20:00 15:30 – 17:00 Surplus, welfare analysis
Tu 20-03-2018 18:30 – 20:00 15:30 – 18:30 The Economics of Environment (B Ch. 26)
Th 22-03-2018 17:00 – 20:00 15:30 – 17:00 Energy demand (B Ch 6)
Tu 27-03-2018 18:30 – 20:00 15:30 – 18:30 Energy markets, liberalization, regulation of energy utilities (Ch 28)
Th 29-03-2018 17:00 – 20:00 15:30 – 17:00 The energy system: Demand, conservation and energy savings (B Ch. 6)
Th 05-04-2018 17:00 – 20:00 15:30 – 17:00 Imtermediate exam
Th 12-04-2018 17:00 – 20:00 15:30 – 17:00 The willingness to pay for Renewable Energy Sources
Tu 17-04-2018 18:30 – 20:00 15:30 – 18:30 Fundamentals of the electricity market (ZPE Ch 12)
Th 19-04-2018 17:00 – 20:00 15:30 – 17:00 Game of the Power Exchange
Tu 24-04-2018 18:30 – 20:00 15:30 – 18:30 Market power and congestion in the Electricity Market
Th 26-04-2018 17:00 – 20:00 15:30 – 17:00 Invited Lecture
Th 03-05-2018 17:00 – 20:00 15:30 – 18:30 Oligopoly and Electricity market contagion
Tu 08-05-2018 18:30 – 20:00 15:30 – 17:00 Electricity market demand elasticity
Th 10-05-2018 17:00 – 20:00 15:30 – 18:30 Marketing renewable energy
Suggested Readings:
S Bhattacharyya, Energy Economics, Springer London, 2011
P.Zweifel, A. Praktiknjo. G. Erdmann, Energy Economics, Springer Berlin, 2017
S. Bigerna, C.A. Bollino, S. Micheli, The Sustainability of Renewable Energy in Europe, Springer, New York, 2015
S. Bigerna P. Polinori. Italian households’ willingness to pay for green electricity,
Renewable & Sustainable Energy Reviews, 2014,  34, 110–121
S. Bigerna, C.A. Bollino, D. Ciferri, P. Polinori, Renewables diffusion and contagion effect in the Italian regional electricity
markets: assessments and policy implications, Renewable and Sustainable Energy Reviews, 2016, 68, 199-211
Exam:
Intermediate exam, 5 april: 12 questions. Score: 18 + 1 point for each correct answer
Short work project (“tesina”), Optional. Score: Max 2 points.
Final exam: 12 questions, 1 point for each correct answer. Score: (sum of correct answers/12)*(30-Intermediate Exam Score)
Final Course Score: Intermediate Exam + Final Exam + project work