410-2316/02 – Trading with Electricity (OE)

Gurantor departmentDepartment of Electrical Power EngineeringCredits4
Subject guarantordoc. Dr. Ing. Zdeněk MedvecSubject version guarantordoc. Dr. Ing. Zdeněk Medvec
Study levelundergraduate or graduateRequirementOptional
Year3Semesterwinter
Study languageEnglish
Year of introduction2015/2016Year of cancellation
Intended for the facultiesFEIIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
MED40 doc. Dr. Ing. Zdeněk Medvec
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 2+2
Combined Credit and Examination 10+4

Subject aims expressed by acquired skills and competences

The objective of the subject is to acquaint students with the electric energy trading in the energy market in the Czech Republic and in Europe.

Teaching methods

Lectures
Tutorials
Project work
Other activities

Summary

The subject outlines basic issues related to the electricity trade. The subject focuses on a theoretical and legal part necessary for electricity trading as well as on practical examples of solving specific electricity deals. Both types of the electricity trade – trading and supplies to final consumers – are emphasized. Within the subject scope the learners will also become acquainted with the contents of concrete contracts contained in the Energy Act and with the rights and duties of particular contracting parties.

Compulsory literature:

1. Samuelson, P. A., Nordhaus, W. D.: Economics. New York. McGraw-Hill 2005. 2. Cole, G. A.: Management - theory and practice. 3. ed. London. DP Publications, 1990.

Recommended literature:

1. Jobber, D., Lancaster, G.: Selling and Sales Management. 4th ed. PITMAN PUBLISHING 1997. 2. Marsch, W.D.: Economics of Electric Utility Power Generation. Clarendon press, New York 1980.

Way of continuous check of knowledge in the course of semester

Processing of individual projects, test. Credit conditions: Profit minimum 20 points.

E-learning

Další požadavky na studenta

Additional requirements for the student are not.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

Lectures: A) Legislative Establishment Of Liberalization 1) The European Treaty – a foundation of the legislative frame for power engineering 2) Beginnings of liberalization – European legislation in the 90ies, directive 1996/92/EC and regulation 549/1999/EC 3) Liberalization start – 1st EC Evaluation Report 4) Lisbon Summit – objectives of the EU in the field of power engineering, assignment of the 2nd liberalization package and the EC medium-term vision 5) 2nd Energy Package: a) Directive 2003/54/EC b) Regulation 1228/2003/EC and 1229/2003/EC 6) Period of the 2nd Energy Package implementation: a) The implementation stage and market development in individual member countries b) ITC mechanism and failures of the Guide Lines formation c) Harmonization of markets or by divergence towards unity 7) 3rd EC Evaluation Report, DG COMP sector research, assignment of the 3rd Energy Package 8) The Green Book and 3rd EC Energy Package 9) Various liberalization concepts – Scandinavia, Great Britain, Spain B) Forms Of Liberalization Outside Europe 1) Liberalization development in the USA – California, PGM, Texas, role of FERC 2) Russia – liberalization in Russia and CIS C) The Czech Legislation 1) Energy Act No. 458/2000 Coll. and its gradual revision of the Market Regulation and the Energy Regulatory Office decrees 2) Technical rules of an access to electrical networks – MPO decrees 3) Terms of access to PS, the PS Code and PS trade terms 4) Terms of access to DS, the DS Code and DS trade terms 5) OTE trade terms 6) Environment and an effective use of energy (Act 406, KVET) 7) Other acts affecting electricity markets and their impacts – the Commodity Exchange Act, and the MIFID directive implementation – terms of trading of financial instruments -> PXE 8) Overview of the electricity market in the Czech Republic – the strongest actors, marketplaces, products Exercises: The system access mode and variation responsibility Contracts in the electricity market and their appurtenances a) Electricity wholesale – trading b) Electricity retail – sale to final consumers Products in the electricity market and marketplaces Purchase optimization from the perspective of trade orientation Sale of electricity to final consumers Optimization of sale prices and purchase prices – business partners’ portfolio construction Support services Accounting of variations – in detail Portfolio construction and risk management Derivatives in the electricity market Distinctions of trading electricity on the stock exchange and in the spot market Cross-border trade Trading distinctions in the countries of Central Europe a) Germany and Austria – contract terms and trading distinctions, marketplaces, access to marketplaces b) Poland – contract terms and trading distinctions, marketplaces, access to marketplaces c) Slovakia – contract terms and trading distinctions, marketplaces, access to marketplaces d) Hungary – contract terms and trading distinctions, marketplaces, access to marketplaces Broker systems – terms of their use Information systems to support the electricity trade PPS and OTE information systems Load profiles, work with them and optimization of the work with load profiles.

Conditions for subject completion

Full-time form (validity from: 2015/2016 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Credit and Examination Credit and Examination 100 (100) 51
        Credit Credit 40  20
        Examination Examination 60  11
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.FormStudy language Tut. centreYearWSType of duty
2019/2020 (B2649) Electrical Engineering (2612R003) Applied Electronics P English Ostrava 3 Optional study plan
2019/2020 (B2649) Electrical Engineering (3907R001) Electrical Power Engineering P English Ostrava 3 Optional study plan
2019/2020 (B2649) Electrical Engineering (2612R003) Applied Electronics K English Ostrava 3 Optional study plan
2019/2020 (B2649) Electrical Engineering (3907R001) Electrical Power Engineering K English Ostrava 3 Optional study plan
2018/2019 (B2649) Electrical Engineering (2612R003) Applied Electronics P English Ostrava 3 Optional study plan
2018/2019 (B2649) Electrical Engineering (3907R001) Electrical Power Engineering P English Ostrava 3 Optional study plan
2018/2019 (B2649) Electrical Engineering (2612R003) Applied Electronics K English Ostrava 3 Optional study plan
2018/2019 (B2649) Electrical Engineering (3907R001) Electrical Power Engineering K English Ostrava 3 Optional study plan
2017/2018 (B2649) Electrical Engineering (2612R003) Applied Electronics P English Ostrava 3 Optional study plan
2017/2018 (B2649) Electrical Engineering (2612R003) Applied Electronics K English Ostrava 3 Optional study plan
2017/2018 (B2649) Electrical Engineering (3907R001) Electrical Power Engineering P English Ostrava 3 Optional study plan
2017/2018 (B2649) Electrical Engineering (3907R001) Electrical Power Engineering K English Ostrava 3 Optional study plan
2016/2017 (B2649) Electrical Engineering (2612R003) Applied Electronics P English Ostrava 3 Optional study plan
2016/2017 (B2649) Electrical Engineering (2612R003) Applied Electronics K English Ostrava 3 Optional study plan
2016/2017 (B2649) Electrical Engineering (3907R001) Electrical Power Engineering P English Ostrava 3 Optional study plan
2016/2017 (B2649) Electrical Engineering (3907R001) Electrical Power Engineering K English Ostrava 3 Optional study plan
2015/2016 (B2649) Electrical Engineering (2612R003) Applied Electronics P English Ostrava 3 Optional study plan
2015/2016 (B2649) Electrical Engineering (2612R003) Applied Electronics K English Ostrava 3 Optional study plan
2015/2016 (B2649) Electrical Engineering (3907R001) Electrical Power Engineering P English Ostrava 3 Optional study plan
2015/2016 (B2649) Electrical Engineering (3907R001) Electrical Power Engineering K English Ostrava 3 Optional study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner