Economic optimization of energy systems
— Artelys offers tailored training courses in economic optimization of energy systems based on the global experience of its energy consultants. Please contact us via the form at the bottom of the page to schedule a customized training session on one of the following topics.
Energy systems economics
— The European electricity sector has undergone significant and drastic changes for several years…
These changes include evolving consumption patterns, growth of peak electricity demand, dramatic decline of the costs of renewable power plants, increasingly ambitious CO2 emission reduction targets, sector integration strategies, ambitious development plans for electrolytic hydrogen, etc. We offer a tailored training course on these evolutions in the energy sector and present the avenues proposed by national and European public institutions to tackle them: reform of support mechanisms for renewable energies, integration of markets (day ahead, capacity, CO2 quotas) at European level and strengthening of interconnections between countries.
Electricity market organization in Europe
— The electricity markets address needs that correspond to specific time horizons…
…: long-term via OTC, reserve and capacity markets, at the daily level for day-ahead markets and some reserve markets, on the same day for intraday markets, in real-time for balancing markets. We offer a training course that gives an overview of these different markets and an understanding of their relevance for the electricity system. We offer a focus on the way they are organized in Europe (by presenting the case of European market coupling and European balancing platforms). Practical work will be carried out in order to illustrate the economic and legal descriptions, by studying in particular what the expected valuation by a producer on each of the markets in France can be.
Energy transition and Smart Grids
— The energy transition will transform the way the electricity system is operated…
The traditional situation that consists in electricity flowing from large generation groups to end-users is profoundly evolving due to decentralized production and new consumption practices (electric vehicles, load shedding, etc.). We propose a training course which focuses first on energy markets, operation of the transmission and distribution networks, principles of frequency and voltage control. A second part will then be devoted to the future challenges that can be tackled with smart grids, with particular emphasis on the case of self-consumption and the local challenges of managing flexibilities (via technological and market design solutions).
Risk management and energy systems
— The key topics include forecasting and risk issues specific to the energy sector, as well as the most suitable methods for dealing with such risks…
This training course introduces the general concepts of risk management (e.g. Value-at-Risk, Stress-Testing) and its application to the specific case of energy systems, by recalling in particular certain risk hedging tools (long-term contracts, options, etc.). It also provides details on the various aspects of rigorous stochastic modeling and methodological approaches that facilitate the estimation and reduction of risk in an uncertain environment. Concrete examples from real-world problems encountered by practitioners in the energy world will facilitate the understanding and assimilation of the concepts.