Study programme 2018-2019Français
Energy Markets
Programme component of Master's Degree in Chemical and Materials Engineering à la Faculty of Engineering
CodeTypeHead of UE Department’s
contact details
Teacher(s)
UI-M2-IRCHIM-561-MOptional UEVALLEE FrançoisF101 - Génie Electrique
  • VALLEE François

Language
of instruction
Language
of assessment
HT(*) HTPE(*) HTPS(*) HR(*) HD(*) CreditsWeighting Term
  • Anglais
Anglais60000055.002nd term

AA CodeTeaching Activity (AA) HT(*) HTPE(*) HTPS(*) HR(*) HD(*) Term Weighting
I-GELE-200Energy Markets600000Q2100.00%
Programme component

Objectives of Programme's Learning Outcomes

  • Imagine, design, implement and operate compounds, products and materials to specific properties and physical, chemical and biochemical solutions/processes leading to obtaining these materials by integrating needs, contexts and issues (technical, economic, societal, ethical, safety and environmental).
    • Based on modelling, design one or more products/processes/solutions addressing the problem raised; evaluate them in light of various parameters of the specifications.
    • Evaluate the approach and results for their adaptation (optimisation, quality, environment, safety/security).
  • Mobilise a structured set of scientific knowledge and skills and specialised techniques in order to carry out missions of chemical engineering and materials science, using their expertise and adaptability.
    • Analyse and model a problem/process/producing pathway by critically selecting theories and methodological approaches (modelling, calculations), and taking into account multidisciplinary aspects.
    • Assess the validity of models and results in view of the state of science and characteristics of the problem.
  • Communicate and exchange information in a structured way - orally, graphically and in writing, in French and in one or more other languages - scientifically, culturally, technically and interpersonally, by adapting to the intended purpose and the relevant public.
    • Argue to and persuade customers, teachers and a board, both orally and in writing
  • Adopt a professional and responsible approach, showing an open and critical mind in an independent professional development process.
    • Analyse their personal functioning and adapt their professional attitudes.
    • Show an open and critical mind by bringing to light technical and non-technical issues of analysed problems and proposed solutions.

Learning Outcomes of UE

•Demonstrate expertise and versatility in the sciences and technology •Formulate and analyze complex problems •Adopt an applied scientific approach •Innovate •Implement solutions  •Master scientific and technical communication •Be a critical, reflexive and independent professional •Be a responsible person, in step with the stakes of society. And, more specifically, understand the operation of energy markets (and their related optimization problems)

Content of UE

This teaching unit will be presented in English and composed of 4 main parts. Firstly, the current energy transition will be detailed from a geopolitic point of view and will settle the course by emphasizing on the major importance of markets in a stretched environmental context. Then, chapters 2 and 3 will respectively focus on fossil resources as well as electricity markets. Some practical examples relative to those markets will be provided and will allow to introduce optimization problems with a gradual complexity. More specifically, the history of the main economic changes dealing with the management of electricity resources since the second world war will be drawn. Important theoretical notions of economic regulation will afterwards be introduced with some illustrative examples. Indeed, actually, markets are controlled by independent regulators whose objective is to ensure a "perfect" competition and a "fair" energy cost for everyone (with related optimization problems). Finally, a last chapter will explore possible future exchange platforms (bitcoins, peer-to-peer trading, cooperative mechanisms...).  

Prior Experience

Not applicable

Type of Assessment for UE in Q2

  • Oral Examination

Q2 UE Assessment Comments

Oral examination with written preparation (applicative questions): 100% of the final mark

Type of Assessment for UE in Q3

  • Oral examination

Q3 UE Assessment Comments

Oral examination with written preparation (applicative questions): 100% of the final mark

Type of Teaching Activity/Activities

AAType of Teaching Activity/Activities
I-GELE-200
  • Cours magistraux

Mode of delivery

AAMode of delivery
I-GELE-200
  • Face to face

Required Reading

AA
I-GELE-200

Required Learning Resources/Tools

AARequired Learning Resources/Tools
I-GELE-200Not applicable

Recommended Reading

AA
I-GELE-200

Recommended Learning Resources/Tools

AARecommended Learning Resources/Tools
I-GELE-200Not applicable

Other Recommended Reading

AAOther Recommended Reading
I-GELE-200Not applicable

Grade Deferrals of AAs from one year to the next

AAGrade Deferrals of AAs from one year to the next
I-GELE-200Unauthorized
(*) HT : Hours of theory - HTPE : Hours of in-class exercices - HTPS : hours of practical work - HD : HMiscellaneous time - HR : Hours of remedial classes. - Per. (Period), Y=Year, Q1=1st term et Q2=2nd term
Date de génération : 02/05/2019
20, place du Parc, B7000 Mons - Belgique
Tél: +32 (0)65 373111
Courriel: info.mons@umons.ac.be