GRA 8504 The Gas & Power Business (2019/2020)
This course is part of the Executive Master of Management in Energy in cooperation with BI Norwegian Business School and IFP School.
The gas and electricity sector has gone through major changes since the 1990s. These changes include deregulations of several parts of the utility industries and their evolving internationalization. Besides, climate changes issues have put a considerable public attention on these sectors.
The candidates shall develop the competencies necessary in the roles as leaders and policy makers in the energy utilitiy industry.
The participants acquire competencies necessary to face with current worldwide concerns of large and middle sized utilities from both technical and economic point of views.
The participants will achievet an overview of various technologies, theoretical and practical insights into business strategies, regulatory and policy-making issues of these industries.
The participants shall develop skills on being able to:
- Discuss major recent developments and innovations in the gas and electricity industry
- Identify key technical, economic and financial issues relevant to these sectors
- Describe electricity and gas production, transmission and distribution challenges.
The candidates shall be capable and qualified to make interpretion of the strategy of major gas & power players before & after deregulation
The participants shall being qualified to analyse and evaluate financial products related to gas & power sector
Natural Gas Economics and Markets
- Natural gas chain fundamentals: production, processing, liquefaction, storage, transportation and distribution.
- Natural gas market structure: Gas monopolies in emerging markets and liberalization in mature markets, LNG.
- Emergence of spot markets, price risk, and futures markets.
- Natural gas marketing: netback pricing and upstream natural gas contracts (take-or-pay).
- Power generation plants: fuel, gas, nuclear and renewable and electricity transmission
- Total cost of electricity generation for different technologies
- Network, supply/demand equilibrium, transmission and distribution
- Market and institutions : liberalization, market structure, regulation and deregulation
Coal Industry and Markets
- Coal industry fundamentals: coal mines, production and transportation
- Coal supply and demand: reserves/resources, major players and uncertainties
- Coal markets: market's structure, products, price formation, international trades, growing trends and challenges
- Nuclear industry: technologies, innovations, players and perspectives
- Gas and power players: strategic perspective over major utilities
- Gas and power trading: spreads, products, interconnections and risks
1 ECTS credit corresponds to a workload of 26-30 hours.
Attendance to all sessions in the course is compulsory. If you have to miss part(s) of the course you must ask in advance for leave of absence. More than 25% absence in a course will require retaking the entire course. It's the student's own responsibility to obtain any information provided in class that is not included on the course homepage/ It's learning or other course materials.
Specific information regarding student evaluation beyond the information given in the course description will be provided in class.
The course is a part of a full Executive Master of Management in Energy (EMME) and examination in all courses must be passed in order to obtain a certificate.
Granted admission to the Executive Master of Management in Energy programme.
|Exam category||Weight||Invigilation||Duration||Support materials||Grouping||Comment exam|
Form of assessment:
Internal and external examiner
Examination when next scheduled course
|100||Yes||2 Hour(s)||Individual||The students are evaluated through an individual 2 hours exam, counting for 5 credits.|
|Form of assessment:||Written submission|
|Support materials:|| |
|Comment:||The students are evaluated through an individual 2 hours exam, counting for 5 credits.|
|Exam code:||GRA 85041|
|Resit:||Examination when next scheduled course|
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 5 ECTS credit corresponds to a workload of at least 135 hours.