ENERGY SYSTEMS ENGINEERING
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

Course Introduction and Application Information

Course Code Course Name Semester Theoretical Practical Credit ECTS
COP4121 GAMA Enerji - Introduction to Energy Trading and Investment Decisions Fall 3 0 3 6
The course opens with the approval of the Department at the beginning of each semester

Basic information

Language of instruction: En
Type of course: Departmental Elective
Course Level: Bachelor
Mode of Delivery: Face to face
Course Coordinator : Dr. Öğr. Üyesi GÜRKAN SOYKAN
Course Objectives: The course objectives are;
- Introducing the Energy Markets and Concepts from different parts of the World examples,
- Introducing Turkish Energy Market(s) and their fundamentals,
- Defining and Explaining the power and gas trading value chain with details,
- Increasing the audiences analatycial skills on several different energy specific issues (both trading and investments),
- Increasing the intelligence level of audience on Energy Markets, Trading and Investment Decisions including contracts and law.

Learning Outputs

The students who have succeeded in this course;
1) will understand the fundamentals of energy markets
2) will understand the different market models and details of Turkish Energy Markets.
3) will learn the energy value chain and economic aspects.
4) will be capable of understanding the impacts of commercial decisions to operations of the power plants.
5) will have a general idea about reflections of commercial decisions and management of finance of a commercial operational company.
6) will develop a view about investment decisions and contractual implications.

Course Content

The course content includes the fundamentals of energy markets and energy trading including the operational examples and details from world examples and Turkish Energy Companies with commercial arms. On the top of that the operations, finance and business development functions are supporting the content.

Weekly Detailed Course Contents

Week Subject Related Preparation
1) Introduction to Energy Markets - Types of market models - Comparison of different market and investment models Introduction to Turkish Energy Markets - Historical Development and Current Market Model - Way forward & next steps
2) Introduction to Power and Gas Trading - Power and Gas Trading fundamentals - European Examples for mature markets - Power and Gas Trading fundamentals in Turkish Energy Markets
3) Details of Power and Gas Trading in Turkish Markets, - Front Office, Retail Sales - Front Office, Wholesale Screen Trading
4) Valuation of Options and Derivatives Portfolio Management - Optimum Portfolio Theory - Portfolio Management in Current Market Structure
5) Modelling - Fundamental Market Modelling - Statistical Modelling
6) Modelling - Uncertainty - Risk Risk Management in Trading
7) Commercial Asset Management and Dispatch
8) Back Offce and Finance Carbon Trading
9) Power Plant Operations and Management Digitalization in Power Plants Management
10) Contracts Management - Specific Energy Trading Applications and Laws - Investment and Financing Contracts
11) Investment Decisions, Modelling and Valuations
12) Finance Management of, - Energy Holding Company - Trading Company
13) Financing the Investments
14) Course Summary/Takeaways

Sources

Course Notes: The course materials will be supplied by the lecturer via presentations and white papers. Energy Trading & Investing: Trading, Risk Management, and Structuring Deals in the Energy Markets, Second Edition 2nd Edition
References:

Evaluation System

Semester Requirements Number of Activities Level of Contribution
Attendance % 0
Laboratory % 0
Application % 0
Field Work % 0
Special Course Internship (Work Placement) % 0
Quizzes % 0
Homework Assignments % 0
Presentation % 0
Project 1 % 40
Seminar % 0
Midterms 1 % 20
Preliminary Jury % 0
Final 1 % 40
Paper Submission % 0
Jury % 0
Bütünleme % 0
Total % 100
PERCENTAGE OF SEMESTER WORK % 20
PERCENTAGE OF FINAL WORK % 80
Total % 100

ECTS / Workload Table

Activities Number of Activities Workload
Course Hours 14 42
Laboratory
Application
Special Course Internship (Work Placement)
Field Work
Study Hours Out of Class 14 98
Presentations / Seminar
Project 1 10
Homework Assignments
Quizzes
Preliminary Jury
Midterms 1 2
Paper Submission
Jury
Final 1 2
Total Workload 154

Contribution of Learning Outcomes to Programme Outcomes

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Build up a body of knowledge in mathematics, science and Energy Systems Engineering subjects; use theoretical and applied information in these areas to model and solve complex engineering problems.
2) Ability to identify, formulate, and solve complex Energy Systems Engineering problems; select and apply proper modeling and analysis methods for this purpose.
3) Ability to design complex Energy systems, processes, devices or products under realistic constraints and conditions, in such a way as to meet the desired result; apply modern design methods for this purpose.
4) Ability to devise, select, and use modern techniques and tools needed for solving complex problems in Energy Systems Engineering practice; employ information technologies effectively.
5) Ability to design and conduct numerical or pysical experiments, collect data, analyze and interpret results for investigating the complex problems specific to Energy Systems Engineering.
6) Ability to cooperate efficiently in intra-disciplinary and multi-disciplinary teams; and show self-reliance when working on Energy Systems-related problems
7) Ability to communicate effectively in English and Turkish (if he/she is a Turkish citizen), both orally and in writing. Write and understand reports, prepare design and production reports, deliver effective presentations, give and receive clear and understandable instructions.
8) Recognize the need for life-long learning; show ability to access information, to follow developments in science and technology, and to continuously educate oneself.
9) Develop an awareness of professional and ethical responsibility, and behave accordingly. Be informed about the standards used in Energy Systems Engineering applications.
10) Learn about business life practices such as project management, risk management, and change management; develop an awareness of entrepreneurship, innovation, and sustainable development.
11) Acquire knowledge about the effects of practices of Energys Systems Engineering on health, environment, security in universal and social scope, and the contemporary problems of Energys Systems engineering; is aware of the legal consequences of Energys Systems engineering solutions.