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ESM 286

Energy Economics and Markets

Ranjit Deshmukh

Units: 4


The energy sector is undergoing a profound transition as we move towards lower carbon resources, phase out fossil fuels, and increasingly electrify end-uses. The direction and pace of this transition to a large extent, will depend on the evolving economics of different energy technologies and fuels, and the markets and regulations that govern different energy subsectors. Drawing on concepts, methods, and examples from engineering and economics, we will cover a range of topics including wholesale electricity and fossil fuel markets, electric power systems, energy project valuation, electricity planning and resource adequacy, auctions, retail rate design, externalities, and energy equity and justice.

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