Lectured by Tereza Stašáková (Analyst, EGÚ Brno, a. s.).

This session is meant to provide an overview of electricity markets. It unravels the vast complexity of the domain and highlights major building blocks of electricity trading. The information sources for the session are structured as following:

First, what is the rationale for electricity markets? Watch this video for a very general overview (you should be already familiar with the first half).

De Vries, L. (2016). Market Basics - Sustainable Energy - TU Delft. YouTube video (5:47). https://www.youtube.com/watch?v=0dmuuzP4cDw

In practice, there are multiple markets operated within our electricity systems (capacity, day-ahead, intraday, frequency/balancing) – make sure you know the difference between them, namely what are these markets primarily used for and what it is that is traded there - power (MW) or energy (MWh).

Dahlab, B. (2017). How do electric markets work (Capacity, Day-Ahead, Intraday, Frequency). YouTube video (12:49). https://www.youtube.com/watch?v=7wAvBzMc7QI

Zooming in to trading actual energy (MWh). Again, there are multiple options how to do that. The following videos introduce trading at power exchanges and bilateral trade contracts.

De Vries, L. (2016). Power Exchanges - Sustainable Energy - TU Delft. YouTube video (10:34). https://www.youtube.com/watch?v=o5OsO6Aq9pA

De Vries, L. (2016). Bilateral Markets - Sustainable Energy - TU Delft. YouTube video (5:04). https://www.youtube.com/watch?v=p24pOtEwQ1Q

(Recommended) To learn more about power exchanges and European electricity markets, watch the following video: Pototschnig, A. (2013). Electricity Markets: The Wholesale Markets. YouTube video (24:23). https://www.youtube.com/watch?v=2jQiPHBoF5o