SEGR 4964

Case Studies in the Energy Industry

Interpret and analyze real world business cases in the energy sector. Cases explore the concepts behind natural monopolies, utility ownership, regulation and de-regulation, utility rates, and service standards. Additionally, economic concepts such as supply and demand, market pricing, producer surplus, monopolistic pricing and ratemaking (regulatory goals, revenue requirements, and the rate base and rate cases) are applied. Some of the cases explore decision-making strategies surrounding marginal prices, congestion management, congestion revenue, electric and gas transmission rights both in terms of physical versus financial markets, locational marginal prices (LMP), financial transmission rights in terms of revenue adequacy and auction revenue rights, and typical energy trading hedging practices.

Units: 3.0