Objectives of Programme's Learning Outcomes

• Imagine, design, carry out and operate solutions (machines, equipment, processes, systems and units) to provide a solution to a complex problem by integrating needs, constraints, context and technical, economic, societal, ethical and environmental issues.
• Identify complex problems to be solved and develop the specifications by integrating needs, contexts and technical, economic, societal, ethical and environmental issues.
• Mobilise a structured set of scientific knowledge and skills and specialised techniques in order to carry out mechanical engineering missions, using their expertise and adaptability.
• Master and appropriately mobilise knowledge, models, methods and techniques specific to mechanical engineering.
• 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 clients, colleagues, teachers and boards, both orally and in writing.
• Adopt a professional and responsible approach, showing an open and critical mind in an independent professional development process.
• 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

Understand the organization of the energy markets at the wholesale and retail levels, in the EU and worldwide
Be a critical and responsible person aware of the realities of the liberalized energy sector

UE Content: description and pedagogical relevance

Chap. 1: Energy and society (evolution of the energy consumption and its main drivers)
Chap. 2: Basic notions of micro-economy (offer/demand modeling, notion of market equilibrium, theory of the firm, market imperfections)
Chap. 3: Peculiarities of wholesale energy markets (energy markets general charcteristics, the rent phenomenon, notions of regulation)
Chap. 4: Focus on European electricity markets
Chap. 5: Externalities in energy markets (definitions, mechanisms to internalize externalities, example in the energy sector:green certificates in Wallonia)
Chap. 6: The retail sector. Focus on electricity (electricity bill, emerging mechanisms such as Renewable Energy Communities)
Chap 7: Investment in Energy assets (LCOE, NPV, etc. )
Chap 8: seminars by industrial stakeholders. Upon availabilities: Belgian Transmission System Operator for electricity - ELIA , Belgian Federal regulator - CREG, Waloon Distribution System Operator for electricity and Gaz - ORES, Belgian Transmission System Operator for Gaz - FLUXYS)

Prior Experience

Not applicable