SEE707 - Energy Market and Policy
| Year: | 2025 unit information |
|---|---|
| Enrolment modes: | Trimester 2: Waurn Ponds (Geelong) |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Prerequisite: | For students enrolled in S460, S461, S462, S463, S465, S466, S467: completion of 18 credit points or Unit Chair approval. For students enrolled in S652, S751, S752, S756, S757, S758, S759: Nil. For students enrolled in courses outside of the School of Engineering: Unit Chair approval. |
| Corequisite: | Nil |
| Incompatible with: | Nil |
| Study commitment | Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit. This will include educator guided online learning activities within the unit site. |
| Scheduled learning activities - campus | 1 x 1 hour seminar per week, 6 x 2 hour online practical experiences (studios) per trimester. |
Content
Students will learn about the operations of energy markets along with government policies for energy systems. Through case study analysis of various global business models, students will develop critical thinking skills associated with market design and the regulatory framework affecting the efficiency of energy industries worldwide. An understanding of energy policies will help develop new business models and explore regulatory aspects that enhance the uptake of renewable energy. Students will apply advanced technical knowledge to design energy markets and reform policies for effective decision-making. They will have the opportunity to investigate the impact of transmission network on energy market, economic operation of power systems, and the principles of ancillary service markets. The cases studied will include real-world examples from the Australian Energy Market Operator (AEMO) and renewable energy microgrid projects. By solving recent challenges in energy industries associated with market reforms and policies, students will develop critical thinking and analytical abilities to innovate new business models in energy markets.
Hurdle requirement
Students are required to obtain a 50% minimum on the Topic tests.
Unit Fee Information
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